Description:
The Green Tech Valley is a cluster for green innovations for climate protection and circular economy. Established in 2005, to establish a location for innovative green tech businesses that can be globally competitive, the Green Tech Valley grew significantly since then. Now, it hosts around 300 companies (20 of those are global technology leaders) and research organisations in the fields of biomass, solar power, hydropower and recycling and is seen as a top technology hotspot, also illustrated by various awards and top spots in international rankings. For instance, the valley was awarded the REGIOSTARS Awards twice - once in 2012 (Smart Growth) and again as a nominee in the 15th-anniversary edition in 2022. The Green Tech Valley was able to create jobs for the region and contributed to the regional economic growth. The companies located in the valley show rapid growth, compared to the global average in these sectors. In total, 600 green tech solutions are located in the valley and around 2 300 researchers work there.