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0101 :10 :10 :30:30 :25:25 0101 h h 01 01 ChiChicagocago7,1727,172 km km KievKiev 0202:15:15 h h 1010:00:00 h h ParisParis 0101:35:35 NewNew Y orkYork6,4876,487 km km h h 0909:00:00 h h ViennaVienna 0101:05:05 h h WWashinashingtongton6,8246,824 km km hh :55:55 0909:35:35 h h BeijingBeijing 0909:35:35 h h 0000 7,7317,731 km km ZurichZurich 1010 SanSan F rFanranciscocisco9,4159,415 km km :40:40 h h SeoulSeoul 0101 8,5578,557 km km :55:55 h h :10:10 h h BucharestBucharest 1212 1111:30:30 h h ToTkyookyo LosLos Angeles Angeles9,6259,625 km km 9,3789,378 km km h h 1212:20:20

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11:45 11:45 :05:05 6,3366,336 km km 10 10 h h h h 4040 1919 SingaporeSingapore : : h h :45:45 10,07310,073 km km 1313 3535 h h : : 0505 RioRio de de Janeiro Janeiro 1212 SaoSao Paulo Paulo CapCape eTo Twnown JohannesburgJohannesburg TelTel Aviv Aviv :40:40 DubaiDubai SydneySydney 9,6069,606 km km 9,8689,868 km km 9,1619,161 km km 8,4528,452 km km 2,6442,644 km km h h 4,5704,570 km km 16,16,346346 km km High-tech | 26

Innovation | 18

4 5

Markets | 6 Culture | 22

Nature | 14

Welcome to a place where ambition meets success – where talented people can immerse themselves in a dynamic, fast-growing, inno- vative environment that is teeming with quality of life. Welcome to .

Urban attractions | 10

Wave of enthusiasm: Urban surfers flock to the fast-flowing in the heart of Munich. Six blue-chip corporations make the Bavarian capital ’s unrivaled 6 DAX city. 7

Markets and the economy

Munich has occupied Munich is crisis-proof, with top places in economic a broad spread of industries and dynamics rankings strongly represented here. for many years. Munich is a cosmopolitan city rooted in a healthy diversity of industries. Its spirit is innovative, its growth strong. And its pros- pects for professionals could not be better. Markets and the economy

8 A healthy 9

The Munich region is one of the most mix attractive business hubs in Europe. Forceful growth here is generated by around 92,000 companies, including DAX heavyweights such as BMW, Siemens, Munich Re, , MTU Aero Engines and Infineon. Global play- ers of the caliber of Microsoft, Intel, GlaxoSmithKline, Amazon, Fujitsu, Google, Oracle and Tesla are also at home here – all guaranteeing highly paid jobs with secure prospects.

Other powerful drivers of growth include midsized businesses with a broad foot- print across all industries, skilled trades and a host of small, local businesses. More than a million people earn their living in Munich, whose gross domestic product adds up to over 100,000 euros per employee. Better still, the unemploy- ment rate is at a record low of just 3%.

The current upswing is underpinned Other statistics underscore the appeal by a diverse array of sectors and a of the Bavarian capital: In the latest IW healthy mix of large corporations, Institute’s Germany-wide city ranking, small companies, medium-sized Munich occupies first and second place businesses and skilled trades. on economic performance and dynamics respectively. Roughly 1.5 million people Fertile soil for solid craftsman- live here today – a figure expected to ship: Skilled trades remain an rise to 1.8 million by 2035. For young, important branch of the city‘s well-trained employees in particular, the economy. Bavarian metropolis seems to have a magnetic attraction.

Sound prospects for skilled workers, high potentials and those looking for a new challenge: Over 100 leading international companies offer first-rate jobs. Perpetual motion: A tightly meshed network Munich is Germany’s of air and rail links, freeways safest large city and and public transport means one of Europe’s safest Munich is always on the metropolises. move, day and night. 10 11

Urban attractions – urban connections

Local public transport keeps Munich and its Munich is a popular visitors mobile and flexible. destination for tourism and shopping and For people who want world-class culture, shopping and leisure right on their attracts several million doorstep, Munich is a dream come true. visitors each year. Urban attractions – urban connections

Urban mobility and unconventional architecture often go hand in hand in Munich.

Situated right in the heart of Europe, Munich is a cosmopolitan, international city whose metropolitan region em- braces 27 districts and six independ- 12 13 ent cities. Nearly all German and Munich on European cities are within fast, easy reach. Winner of multiple awards, is a major air traffic hub from which 100 airlines carry around the move 43 million passengers a year to over 260 destinations in more than 70 countries.

The Bavarian capital also boasts excellent road and rail links. IC and ICE trains provide speedy and direct connections to , , Paris, Zurich, , Prague and other key European cities. Meanwhile, a well-developed freeway network quickly brings motorists into the city – or out into all of Germany and its European neighbors.

Local public transport keeps passenger streams flowing smoothly. And given Munich‘s global appeal as a trade fair venue, it is also a popular, stress-free option to get international visitors to their congresses, shows and events.

Some 50 trade fairs for capital goods, consumer goods and new technolo- gies draw about three million visitors to this vibrant city every year. Leading international trade fairs held here include AUTOMATICA, BAU, bauma, electronica, EXPO REAL, Intersolar Europe, ISPO Munich and analytica. The exhibition grounds and the Inter- national Congress Center ICM can be reached quickly by subway, bus or car.

An outstanding infrastructure links Munich to the whole of Europe.

With or without a car, Munich always keeps you moving – with plenty of fascinating places to discover along the way. Enjoy mild summer nights swimming, grilling and chilling Get out of the under a starry sky city and into the beside the River. beautiful Alpine foothills in no 14 time at all! 15

Enchanting natural surroundings

A modern, welcoming and cosmopolitan city surrounded by stunning countryside. The English Garden: More than 50 parks Munich’s world-famous green oasis is larger than New York’s Central Park. and open spaces across the city. Enchanting natural surroundings

Whoo-hoo! Plunge into the refreshing waters of the Isar River. Rich diversity The coolest surfers ride the wave on the Eisbach even in winter. 16 between meadows 17 and mountains

A recent Mercer study ranks Munich as the city with the best quality of life in Germany. And no wonder: Where else can you find city life, countryside and recreation as closely interwoven as they are here?

With its broad, flat banks and spacious riverside meadows, the Isar is a blue lifeline where you can stroll, paddle and cycle to your heart‘s content. Countless extensive parklands make the whole city a green oasis: the Olympic Park, West- Beauty beyond words: park, Nymphenburg Park and Hellabrunn The foothills of the Zoo to name but a few. First among are heaven on earth. equals, however, is unquestionably the English Garden!

Germany’s largest urban park enchants locals and tourists alike with its pictur- esque streams, lakes and meadows, not to mention its cafés and beer gardens. Relax over a mug of beer or an apple spritzer under blossoming chestnut trees and experience pure joie de vivre! Eisbach surfing is a world-famous attraction too: All year round, ambitious board artists balance atop the ultimate standing wave.

Munich’s surroundings are equally leg- endary. The charming Alpine landscape is full of wonderful opportunities for hiking, climbing or biking in clean air and the great outdoors. Lake Starnberg and Lake Ammersee, wildlife and bird sanctuaries plus a multitude of attractions and natural beauty spots have something to delight literally everyone.

The Isar’s riverside meadows: Experience nature and enjoy the Bavarian way of life right in the city center. Knowledge is the lifeblood of Munich‘s economy: Every third employee has Inspiration a university degree. TUM and LMU 18 rank among 19 births Germany’s elite universities – and among the best innovation in the world.

Munich is the „patent capital of Europe“. Both the European Patent Office and the German See the world through virtual glasses: Patent and Trade Mark Office Munich is pioneering the technologies of tomorrow. are based here. Inspiration births innovation

Munich is Germany’s second-largest A raft of accelerators, incubators and university venue, with more than events serves to pool the strengths 120,000 students and 17 universities of entrepreneurs, tech industries and and academies. The Ludwig Maximilian academia. The Munich Urban Colab University (LMU) and the Technical (MUC) is a flagship project, with co- University of Munich (TUM) are recog- working spaces, living labs and a high- nized as elite universities and rank tech prototype workshop being built The smartest among the top 100 in the QS World on an 11,000-m2 plot. Starting in 2020, University Ranking. Smart ideas mature start-ups will team up with scientists 20 more quickly here: New businesses and creative minds at this venue to 21 ideas come from launched in Munich – many of them design the city of the future. spin-offs from TUM – regularly rank among the top 50 start-ups. Munich is also a world-leader in re- Munich’s start-up search and development, trailing only and Paris. The Fraunhofer Institute, the Max Planck Institute, the DLR German Aerospace Center, the community FfE Research Center for Energy Eco- nomics and the Helmholtz Center all embody the city‘s scientific prowess and innovative strength. A stroke of genius: TUM alone has brought forth 16 Nobel prize winners in physics, chemistry and medicine.

Spirit of invention: 17% of all German patents are registered in Munich – three times the national average.

Reach for the stars: Aerospace research is another of Munich‘s strong suits, thanks to cooperation between DLR and Airbus. ’s foremost city is also a cultural capital, boasting a colorful spectrum of theaters, museums, orchestras and

22 galleries as well as a 23 Culture pulsating art scene. & tradition

The best for quality of life: Munich exerts a magical The people of Munich pull on international pro- are down-to-earth,

Munich‘s diary of top-class concerts fessionals. tradition-conscious, and stage events is full to bursting. stylish, cosmopolitan World-famous musicians, first-rate orchestras and celebrated conductors and have their hearts set the tone here. in the right place! Culture & tradition

Masterpieces of historical architecture shape the traditional cityscape, while superlative modern architecture – BMW Welt, , the Swiss Re buildings, the Brandhorst Museum, the Götz Collection and the Pinakothek Want to live life der Moderne, for example – reflects the new face of Munich. 24 to the full? 25 Munich is the most livable city in Germany – and for many it is also the Look no further! most lovable. The lifestyle magazine Monocle put Munich at the top of its The is the beating ranking of cities with the highest qual- heart of Munich‘s culinary scene, a ity of life and the New York Times also highlight at any time of year with loves this „picture-postcard city“. It is its dazzling display of delicacies. true: Choose any measure – the econ- Incidentally, the German word omy, education, infrastructure, public Viktualien means victuals, i.e. food safety, culture or the quality of life – in and provisions. all of these Munich is a real champion. The same goes for football of course, where Bayern Munich is one of the world‘s most successful clubs. Not to mention the , which has been copied around the world – but nothing beats the original.

Straddling the Isar River, Munich combines a homely, traditional appeal with the flair of a cosmopolitan city, a thoroughly modern lifestyle and world- class culture. Its people are friendly, down-to-earth and open-minded. And there is no end of things to see and do: the towering Frauenkirche cathe- dral, the central square, beer gardens, the fabled Hofbräuhaus, the English Garden, the traditional Viktualienmarkt (food market) and Red-hot passion: Soccer fans aren’t luxury shopping in the city‘s exquisite the only ones who know the world- retail districts. Meanwhile, students famous Allianz Arena, home shape the vibrant, charming and laid- to the most important matches. back scene in the hippest quarters: Maxvorstadt, Schwabing and the area around the Glockenbachviertel, for example. The bar and nightclub scene is similarly popular. Whether you are into house, techno or electronic music, a hundred or so clubs leave you no shortage of dancefloors. Connoisseurs and foodies of all persuasions likewise thrill to the singular culinary diversity of Munich, where local and traditional influences blend with Mediterranean and international cuisine. Industry 4.0, big data and connectivity: The digital transformation 26 is happening even faster 27 in Munich.

High-tech – the way forward Highly qualified IT According to a recent experts and web Deloitte study, the designers in Munich Munich region is second earn well above My name is Pepper! Equipped with advanced AI, this only to London as average salaries. cute robot is already being tested Europe’s foremost IT hub. at Munich Airport. Blindtexte/BUs München ist die IoT-Hoch- burg Deutschlands und High-tech – the way forward heftet sich an die Fersen vom Silicon Valley.

Internet of Things: Laut Gartner.com werden 2020 mehr 20 Milliarden Geräte wie Wearables, Smart- phones, Drucker, Webcams, Smart city. Isar valley. Toaster, Licht und Sprach- assistenten miteinander vernetzt sein. 28 The future belongs to the Internet The Industry 4.0 Center of Excellence 29 of Things, and Munich is setting the at the TUM School of Management Zu den wichtigsten IoT-An- pace! For everything from Industry conducts ground-breaking research wendung gehört das ver- 4.0 to connected autonomous into the Internet of Things. Indeed, netzte und autonome driving, the Bavarian capital is home the whole city is going smart: More Fahren: Siemens Mobility to key global players of the caliber of than 100 companies and institutions startet Feldversuche für Siemens, BMW, IBM, Microsoft, have joined forces on the „Digital autonomes Fahren in Mün- Amazon and Google. Alongside these City Munich“ platform to drive the chen-Perlach. Am Projekt industry heavyweights, successful digital transformation. The launch of beteiligt sind u.a. TUM, IoT startups such as Blickfeld, Konux, The Munich School of Robotics and Institut für Klimaschutz, tado, ProGlove, Tacterion, Bragi, Machine Intelligence (MSRM) at TUM Energie und Mobilität NavVis, Parce and eGym regularly also gives the city a place at the top (IKEM) e.V. land both awards and venture capital. table in the fields of artificial intelligence (AI) and robotics. At the same university, Connected vehicles and autonomous the TUM Science Center for Electro- driving are two of the most important mobility is working on energy-efficient IoT applications. Here, Siemens Mobility electric cars for the mass market. is launching field trials for autonomous driving in Munich-Perlach, with TUM, the Institute for Climate Protection, Energy and Mobility (IKEM) and other organi- zations participating in the project.

Munich – Germany’s IoT bastion – is nipping at the heels of Silicon Valley!

The technology that will move us tomorrow is being developed in Munich today. Imprint

Publisher: City of Munich Department of Labor and Economic Development Herzog-Wilhelm-Str. 15 80331 Munich All rights reserved.

Created by: mattweis GmbH

Author: StarkText GmbH, Christian Stark

Translation: Howard Fine / Nigel Robinson

Printing and production: BLUEPRINT AG

Printed on FSC® certified paper.

March 2020

Photo Credits: Cover: BMW Museum © BMW AG, Surfer © München Tourismus - Sigi Müller Page 4 & 5: Surfer © getty images Page 6 & 7: Aero Engines © MTU Page 8: Prinzregenten Theater © Bayerischer Rundfunk, BMW Plant Munich © BMW AG, Hofbräuhaus Munich © Hofbräuhaus Munich Page 9: Olympia Park Munich © München Tourismus - Werner Böhm Page 10 & 11: Shopping Munich © München Tourismus - J. Wildgruber Page 12: BMW Munich © München Tourismus - B. Römmelt, Subway Station Marienplatz © City of Munich - A. Heddergott Page 13: Münchner-Freiheit © City of Munich - A. Heddergott, Hackerbrücke © City of Munich - A. Heddergott Page 14 & 15: English Garden © München Tourismus - Jörg Lutz Page 16: Isar Munich © München Tourismus - Christian Kasper, Beer Garden © München Tourismus - Christian Kasper Page 17: English Garden © München Tourismus - Tommy Lösch, Eisbach Munich © München Tourismus - F. Müller, Isar Munich © München Tourismus - Shahow Wali, Ammersee © getty images Page 18 & 19: Woman wearing VR glasses © getty images Page 20: Business Munich © München Tourismus - Christian Kasper, Flags © City of Munich - A. Heddergott, Medienbrücke Munich © medienbruecke.de Page 21: International Space Station © getty images Page 22 & 23: Klassik Open-Air © München Tourismus - Tommy Lösch Page 24: Allianz Arena © München Tourismus - Markus Dlouhy Page 24: Oktoberfest Munich © München Tourismus - Frank Bauer Page 24: Werksviertel Munich © München Tourismus - Sigi Müller Page 25: - Rubens © München Tourismus - B. Geiges, Bayerische Staatsoper © City of Munich - A. Heddergott Page 26 & 27: Pepper (robot) at Munich Airport © Munich Airport Page 28: BMW Vision Next © BMW AG Page 29: Sony Music Entertainment GmbH, Munich © Sony Music - Eva Jünger, Siemens Mobility © Siemens, Walking Man © City of Munich - A. Heddergott For more information about the City of Munich, check out the following links: [email protected] business-munich.de welcome.munich.de

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