Munich is the European city of patents. No other city has filed as many patents as Munich in 2017. It brings Munich the #4 position in Europe as far as innovation is concerned. Only London, Cambridge and Paris rank higher. In the overall list of dynamic cities, Munich ranks seventh.
The ranking is part of Savill’s wider study of ‘dynamic cities‘. In addition to innovation, factors such as infrastructure, interconnection, investment, and inspiration are also important in the ranking.
London is the unapproachable number 1 on the list and on many of the sublists. The city scores maximally on almost all aspects.
Some of the aspects that Savills found especially attractive for Munich:
- Almost 250 metro/subway stations serve as transport nodes throughout the city,
- Munich is the most densely populated city in Germany,
- The city’s economic strength and high quality of living mean both its commercial and residential property markets have experienced excess demand for years.
Savills IM Dynamic Cities aims to capture the factors “that make a city attractive to talent, resilient to disruptive technology and a leader in the knowledge economy”. The index was created using statistical analysis and the Organisation for Economic Co-operation and Development (OECD) handbook on constructing composite indicators.
More than 250 factors were collected for 130 cities. These cities include all of the European capitals as well as cities with a minimum metropolitan area of 250,000 inhabitants and positive forecast population growth.