SAXONY: TECHNOLOGY FUNDING IN 2009 REACHES RECORD LEVEL
In 2009, funding was provided for 438 technology projects. “We’re very satisfied with this result. Funding for innovative projects totaled €127.5 million. Investing in R&D is particularly important in times of crisis so that companies can continue to survive,” declared Sabine von Schorlemer, Saxony’s Minister of Science and the Arts. “And research centers in Saxony are valuable partners for the private sector when it comes to tapping the innovation potential.” At the end of 2009, responsibility for technology funding was switched from the Saxon State Ministry for Economic Affairs, Labor and Transport to the Ministry for Science and the Arts. With the government of Saxony now providing funding for innovation from a single source, new technology trends can be addressed more rapidly, making for more effective support for innovation in science and business.