Smart Textiles adopt a wide range of functions in human everyday life, e.g. medical monitoring of body functions, sensors in working and protective clothing and or energy recovery by textile photovoltaics. Market scenarios are expected to be on the order of about US $ 12 billion in 2020, with a growth rate of about 20%. This is a huge potential for medium-sized companies from both countries to develop new business segments and business models and to create new jobs. For this purpose, approximately € 20 million will be invested in research centers in both Germany and Korea.