Munich is a city where traditional and modern sit side by side like few other places on earth. The city is a major international centre of business, engineering, research and medicine. This is exemplified by the presence of two research universities, a multitude of smaller colleges, the headquarters of several multinational companies and world-class technology and science museums.
However, Munich has maintained its cultural heritage and unique culture. The city is knows as the 'city of art and beer' with the Kunstareal acting as the city's main art quater. There are six colossal breweries keeping the endless number of beer halls and bars constantly flowing. Munich’s ability to stay at the forefront of technological developments and maintain its cultural heritage is often summarized in the characterization of the city as ‘laptop and lederhosen’, the blend of the old and the new.
Berlin is the capital of Germany, but Munich is the nation’s economic heartland. The city has the highest
purchasing power of any German city and is home to many of the nation’s largest companies such as Allianz,
BMW, Siemens and Munich Re. 11% of the nation’s start-ups are located in the city, Munich can be described
as the New York of Germany whereas Berlin is likened to Silicon Valley.
Munich is seeking to establish itself as a software engineering powerhouse. The multitude of large, corporate multinationals poses advantages and disadvantages but overall it is in the favour of software developers. Big companies provide the investment and resources, developers provide the innovation, creativity and technical skills.
IoT, self-driving cars, FinTech and AdTech are the largest sub-sectors in Munich's tech industry with PHP, Java and Python being the most popular back-end languages in these companies. On the front end of things, Angular is the most popular framework with 55% of companies using it. React comes in second at 27% with Ember and Backbone coming in around the 9% mark.