As one of the most populated cities in Baden-Württemberg, Karlsruhe plays an important role as an administrative, cultural and economic centre. Over 300 thousand people live and work in Karlsruhe, which has a healthy economic mix of both the service and industry sectors. Throughout history, Karlsruhe has been an important administrative city and continues to be the seat of two Federal courts and the regional government administration and the Federal and State Government Employee Retirement Fund. The city offers a highly-educated talent pool. And while the industry provides only 20% of the workspaces in the region, the rest of the population works in the private and public services sectors, hospitality. Young experts and recent graduates often form startups to work in R&D. Alongside the public services, education and research centres, Karlsruhe is also home to business working in the IT sector, the chemical industry and mechanical engineering. Major companies like EnBW, Bosch and Siemens, Loreal and Michelin have long established their offices in Karlsruhe In terms of transportation and infrastructure, Karlsruhe benefits from good connections via the A5, A6 and A65 motorways and an ICE high-speed train connection as well as an airport and a river port.