Promotion Of Technology : Germany

Technological development and innovation are primarily the responsibility of the companies themselves. The chief task of government is to furnish an innovative infrastructure and create framework conditions conducive to innovation. It only comes to firms’ assistance if this is necessary in the national interest or to correct market imperfections. In order to accelerate the diffusion of new technological know-how, it promotes cooperation between science and industry. This cooperation helps small and medium-sized enterprises cope with the challenges posed by new technologies.