Benefits of Munich’s innovation ecosystem
LMU and TUM both have affiliated startup centers, namely UnternehmerTUM and LMU Innovation and Entrepreneurship Center. The not-for-profit organization UnternehmerTUM is considered Europe’s leading center for entrepreneurship and innovation. More than 70 fast-growing technology startups are launched here every year.
Clemens Baumgärtner, Head of the City of Munich’s Department of Labor and Economic Development:
“Munich companies also benefit from the outstanding education that young people from all over the world enjoy at the two universities, as the rich pool of highly qualified skilled workers is a key regional advantage. Thanks to close cooperation with established companies, startups, other Munich universities and research institutions, as well as with the City of Munich itself, the two universities play a key role in making Munich fit for the future.”