Building automation

Inka Krischke,

Smart Living initiative founded

Representatives of companies and associations - including VDE, ZVEH, ZVEI, Bitkom, GDW and ZVSHK - have signed a memorandum of understanding on the establishment of a Smart Living business initiative.

The members of the new "Smart Living" initiative at the signing of the Memorandum of Understanding.

© ZVSHK

The economic initiative was initiated by the technology association VDE - Association for Electrical, Electronic & Information Technologies. The aim of the initiative is to develop Germany into an international lead market for smart living applications. Only by effectively pooling all forces and interests will Germany have a chance in global competition. "We must quickly create the right conditions together so that Germany can take a leading international position in view of the high market dynamics," commented Dr. Thomas Becks, Head of Technology and Innovation at VDE, on the founding of the initiative.

The initiative offers members, including ZVEH, ZVEI, Bitkom, GDW and ZVSHK, opportunities to exchange information and utilize synergies, for example through easier access to politics, the media and the public. For example, the members want to share their expertise on technologies, platforms, ecosystems and global smart living activities. They are closely involved in the political and economic shaping of the framework conditions for the development of a smart living market. The Memorandum of Understanding also stipulates that members can use the initiative to attract partners for the creation of new products, applications and business models.

Together with the Federal Ministry of Economics and Technology, the participants have developed a structural proposal for the initiative, which has already started its work with three working groups - a market working group, a legal working group and a qualification working group.

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