The Fraunhofer-Gesellschaft is the leading organization for applied research in Europe. Its research activities are conducted by 66 institutes and re-search units at locations throughout Germany. The Fraunhofer-Gesellschaft employs a staff of more than 24,000, who work with an annual research budget totaling 2 billion euros.
Founded in 1985, Fraunhofer Institute for Integrated Circuits IIS in Erlangen, Germany, ranks first among the Fraunhofer Institutes concerning headcount and revenues. As the main inventor of mp3 and universally credited with the co-development of the AAC audio coding standard, Fraunhofer IIS has reached worldwide recognition. In close cooperation with partners and clients the Institute provides research and development services in the following areas: Audio & Multimedia, Communications Systems, Energy Management, IC Design and Design Automation, Imaging System, Medical Technology, Non-destructive Testing, Positioning, Safety and Security Technology, Sensor Systems plus Supply Chain Management.
More than 880 employees conduct contract research for industry, the service sector and public authorities. Fraunhofer IIS with its headquarters in Erlan-gen, Germany, has further branches in Dresden, Fuerth, Nuremberg, Coburg, Deggendorf, Ilmenau, Wuerzburg, Bamberg and Waischenfeld. The budget of 120 million euros is mainly financed by projects. Less than 25 percent of the budget is subsidized by federal and state funds.