Medical Technology
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One of the targets of the High-Tech Strategy is the continuation and expansion of medical technology as one of the most innovative sectors in Germany. Altogether, around 85,000 people have jobs in this sector. Medical technology integrates key technologies such as microsystems technology, information and communication technology, nanotechnology, molecular and cell biology, regeneration technology and pharmacy. The Medical Technology Innovation Competition is a central funding measure which contributes towards accelerating the introduction of innovative medical products onto the market by funding selected research ideas.
This type of funding is necessary as this sector is dominated by small and medium-sized companies, which are often faced with financing problems due to long development processes of sometimes over ten years. Depending on the type of classification, major clinical trials are necessary if the statutory health insurance funds are to subsequently foot the bill for treatment.
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