Environmental Scan 2017: Human Capital Issues within the Medical Devices Sector
Benchmarked Countries
Description
Germany is currently moving at a high pace on the
miniaturization of electro-medical equipment
Growth Drivers for Medical Devices
There are no restrictions or barriers to capital
transactions or currency transfers, real estate purchases,
repatriation of profits, or access to foreign exchanges.
The import duty rate for importing medical devices to
Germany is also 0%
Germany via the ZIM program, which is a nation-wide
funding programme for SMEs and research
establishments. This program is open to all technologies
and sectors. The program is designed to reimburse the
cost of single and joint R&D projects realized by SMEs.
The program grants up to 55% of maximum sum of EUR
380,000 in eligible expenses per project and partner.
Talent Development Initiative
The German Dual Vocational Training System
o One of the key success factor for Germans
innovative mindset and cutting edge technology
adoption is its education system. Its education
system is the combination of theory and training
embedded in a real-life work environment
o The main characteristic of the dual system is a
strong collaboration between the SMEs and
public vocational schools
o In 2014 alone, there were more than 500,000
apprentices in the medical technology sector.
Museums
o One trend that was only observed in Germany
and not anywhere else, is the use of museums to
increase awareness and develop strong passion
about a particular industry.
o Government agencies and private companies in
Germany set up museums that features
interesting exhibits tracing the history of medical
devices
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