Newsletter registration

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.
Dynamic Business Location.

Austria on the verge of entering the top ranks of innovators: European Innovation Scoreboard 2017 shows leap to 7th place

© EIS 2017

"Innovation Leaders" (DE, UK, NL, FI, DK, SE) are the countries which have an overall performance which is more than 120% higher than the EU average. With a performance level of 119%, Austria leads the second-ranked group of “Strong Innovators” (LU, BE, IE, F, SI). This is followed by the “Moderate Innovators” (SK, CY, IT, MT, ES, LT, EE, CZ, etc.) and the “Modest Innovators” (RO, BG, HR, PL).

“Over the last two years we have consistently invested in our main areas of strength and have been able to catch up in important areas. Austria has the second highest R&D investments in Europe, and particularly our small and medium-sized firms make an important contribution with new, innovative products. We are already tops in Europe with respect to the companies offering training in information and communications technologies. This underlines the enormous innovation potential of the national economy and shows that digitalization has already successfully gained a foothold in our companies”, Minister Mahrer continues. The number of patent applications as well as the internationally cited scientific publications, in which Austria ranks sixth in Europe in both cases, are impressive achievements. Moreover, Austria has shown a strong improvement with respect to foreign doctorate students, in which Austria has catapulted five notches to 8th place. According to the current study, Austria still has a need to catch up when it comes to complementary financing models such as venture capital (15th in Europe) and non-R&D innovation expenditures (19th).

“It is important to resolutely press ahead with this positive development. For this purpose, we have to create conducive underlying conditions so that companies as well as our researchers and scientists at universities will continue to be able to exploit their full potential. The next step should be the financing of places to study to bring our universities a major step closer to an international top level”, Mahrer concludes.

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

Testimonials

Events

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

  • Meet us at: “Austrian Business Circle”

    03.09.2018, St. Petersburg, Russia

  • Meet us at: Turkmenistan - Heart of the Great Silk Road

    05./06.09.2018, Hotel Savoyen Vienna, Rennweg 16, 1030 Vienna

Austria Map

Find the perfect location for your company

Austria stands out due to its long-term reliable and stable conditions. These
features are particularly important for a research-based company such as
Boehringer Ingelheim. Furthermore, Vienna is a city with a good research
infrastructure and a high quality of life, and is thus also an interesting place
for highly qualified employees from Austria and abroad.

Boehringer Ingelheim

Logo
More testimonials

news from the business location Austria

Chemical bonding simulated with a quantum computer

An international research group has carried out the world’s first quantum-chemical simulation on an ion-trapped quantum computer.

From Mixed Reality to Smart Factory – Austria Shapes the Digital Future of Work

New types of technologies are revolutionizing everyday work in the industrial sector. Methods and processes of industrial production in the future are being re-modelled in digital pilot factories. Austria has long been one of the most important providers of impetus in this dawning industrial age.

More news All blog posts