HITS meaning in Governmental ?

Answer: What is Heidelberg Institute for Theoretical Studies mean?

The Heidelberg Institute for Theoretical Studies (HITS gGmbH) was established in 2010 by SAP co-founder Klaus Tschira through his foundation, the “Klaus Tschira Stiftung”, as a private, non-profit research institute. HITS conducts basic research involving the processing structuring and analysis of large amounts of data in the natural sciences, mathematics and computer science. The research topics range from molecular biology to astrophysics. Shareholders of HITS are the “HITS-Stiftung”, Heidelberg University and the Karlsruhe Institute of Technology (KIT). HITS cooperates with universities and research institutes, as well as with industrial partners. The prime external funding sources are the Federal Ministry of Education and Research, the German Research Foundation and the European Union.

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