The city's industrial companies are a strong pillar of Berlin's economy. One key reason for this success is that global companies and SMEs are working closely together on innovations with the city's lively start-up scene and many high-calibre research institutions. This development is increasingly attracting entrepreneurs from across Germany and around the world to set up technology and digitalisation units in Berlin to attract young talent.
Thanks to its excellent research landscape and vibrant high-tech start-up scene, Berlin offers excellent conditions for networking industrial production to increase efficiency. The industrial city of Berlin thrives on its companies, their networks, and especially their partnerships. This is how traditional industries come together with start-ups and the digital economy. The largest Siemens production site in the world is in Berlin and the company is investing in its new Future Pact – Siemensstadt 2.0, a massive project that will build a new campus to house production, research, start-ups, and living space.