By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Where Great Emphasis is Put on Research.

Austrian research expenditures expected to rise 3.8% to EUR 11.33 billion

researcher © Richard Tanzer

“We are consciously focusing on this. Innovations are decisive for the competitiveness of the business location and also ensure valuable jobs. The further increase of the research quota shows than our measures are having a positive impact, and we rank among the best in European. We have to determinedly move ahead with this positive development. The next important step is the increase in the research premium for our companies to 14%”, says Reinhold Mitterlehner, Federal Minister of Science, Research and Economy.

Corporate sector accounts for largest share of R&D spending

The corporate sector accounts for the biggest share of R&D expenditures. EUR 5.46 billion or 48.2% of total research spending in Austria originate in the private sector, representing a 3% rise from the previous year.  

The public sector financed EUR 4.08 billion or 36% of total R&D expenditures in Austria, up 5.2% from the prior-year level. The statisticians said that the “main reason” for the strong increase was the research premium. The rise from 10% to 12% which took effect in 2016 means that about EUR 100 million more in funding was granted to domestic companies. On balance, the total research premium paid to companies in 2017 is expected to amount to EUR 627.7 million.

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin

Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • Smart Manufacturing and Artificial Intelligence in Austria

    5.08.2021/15.00 CST (China Standard Time), Virtual Event

  • Meet us @ Belt and Road Summit Hong Kong 2021

    01.09-02.09 2021, Virtual Event

Austria Map

Find the perfect location for your company

The openness towards innovations, that one can find everywhere within Austria was our basis to bring FAIRTIQ to Austria first, after Switzerland and Liechtenstein. FAIRTIQ is looking forward to accompany our existing and also our new partners in Austria on all their upcoming and successful journeys.

FAIRTIQ

Logo: FAIRTIQ
More testimonials

news from the business location Austria

Online real estate specialist Propster obtains fresh capital

A digital “all-round programme” for implementing real estate projects is offered by the Viennese startup Propster established in 2017.

4 Reasons for Evaluating Austria as the First Step for Internationalisation of Your Startup

Just recently the latest edition of the Austrian Start Up Monitor was published. The report, once again, shows that Austria has a very dynamic founder scene. Just think of Prescreen, mySugar, Bitpanda or Bitmovin; Austria has spawned numerous, internationally well-known flagships within the startup community.

More news All blog posts