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Austria boasts the third highest research ratio of all EU member states

(c)APA © APA

“Austria now has the third highest research ratio of all EU countries. We recently surpassed Germany, and now we are also ahead of Denmark”, said Reinhold Mitterlehner, Federal Minister of Science, Research and Economy.

By raising the deduction (research premium) to 12%, the country is more strongly providing support to innovations, making Austria even more attractive for the research departments of international companies. In this connection, Mittlerlehner pointed to the distribution of EUR 33.7 million in research funding in June 2016 from the new Austria Fund.

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