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The money, which backs a programme called ‘Deutschland Digital’ will be invested primarily in innovation, security and education.
The focus is supporting mid-sized companies and Cisco will also expand its investment in start-ups and venture funds in Germany with priority areas such as security, cloud, and internet of things.
Max Milbredt, manager electronics and microtechnology at Germany Trade & Invest, writes:
“This is a welcome boost to Germany’s digital ecosystem from the private sector. With a wealth of public funding already in place for research and development, and Germany’s high-tech strategy having created an infrastructure rated the best in Europe by independent consultancy studies, this investment is proof that Germany has created a fantastic location for private investment in this industry.”
Germany Trade & Invest is Germany’s foreign trade and inward investment agency which advises foreign companies looking to expand their business activities in the German market.
It provides information on foreign trade to German companies that seek to enter into foreign markets.
