According to a new study, the federal state of Saxony-Anhalt should provide more support to the IT sector and company founders in order to boost investment in the economy. The report, which was presented by the Magdeburg-Stendal University of Applied Sciences on Monday evening, stated that there is no fundamental reluctance to invest on the part of the state. However, due to the aging population and the state’s structure, it ranks low for many indicators. The researchers recommend giving universities more freedom, as spin-offs and joint ventures with third-level institutions offer a great opportunity to develop innovative products. The same applies to the IT sector.
The researchers also identified evidence of the "extended workbench" in industry. They argue that instead of suppliers, the manufacturers of end products should be provided with more support. This could further boost growth. The amount of people of working age in Saxony-Anhalt is falling particularly rapidly due to demographics while the proportion of unemployed young people is comparatively high. As a result, the report also recommended investing more in early childhood education and secondary schools.
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