Fraunhofer Society, Research institute in Munich, Germany
Fraunhofer Society is a research institute in Munich, Germany, working on applied science in fields like engineering, technology, and life sciences. It includes dozens of specialized institutes across the country that together develop solutions for industry and society.
The institution was founded on March 26, 1949, and named after scientist Joseph von Fraunhofer. It grew into the largest applied research organization in Europe.
The institute maintains a funding model where 70 percent of income derives from industry contracts while 30 percent comes from government grants.
The organization works with companies and public institutions to turn research findings into technical products. Each institute focuses on a particular area, so projects are assigned based on specific needs.
Scientists here developed the MP3 audio format and worked on video compression standards. These contributions to digital media technology were recognized with Emmy awards.
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