Fraunhofer Society for applied research

The Fraunhofer Society (German: Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung e. V. — “Fraunhofer Society for the advancement of applied research”) is a German research organization with 67 institutes spread throughout Germany, each focusing on different fields of applied science (as opposed to the Max Planck Society, which works primarily on basic science).

At present, the Fraunhofer-Gesellschaft maintains 67 institutes and research units.
The majority of more than 23,000 staff are qualified scientists and engineers.

€2 billion annual research budget totaling. Of this sum, €1.7 billion is generated through contract research. More than 70 percent of the Fraunhofer-Gesellschaft’s contract research revenue is derived from contracts with industry and from publicly financed research projects. Almost 30 percent is contributed by the German federal and Länder governments in the form of base funding.

Affiliated international research centers and representative offices provide contact with the regions of greatest importance to present and future scientific progress and economic development.

It is named after Joseph von Fraunhofer who, as a scientist, an engineer, and an entrepreneur, is said to have superbly exemplified the goals of the society.

The Fraunhofer Society for Industrial Engineering IAO is organising the 2014 Conference on R&D Innovation Management in Stuttgart.

Source: Wikipedia, Fraunhofer in Germany

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