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Austria.
Dynamic Business Location.

Increase in research expenditures

labor forschung © Julius Silver

Each year about EUR 140 million will be distributed via the National Foundation. This amount consists of financial resources made available by the National Bank, the Austria Fund (Österreichfond) and interest from the ERP Fund.

In particular, new types of research and innovation funding will be financed by the National Foundation. “Innovation and creativity are the keys to our competitiveness. For this reason, we have to targetedly promote the best minds and tread new paths in research promotion. In this way, we provide crucial impetus to press ahead with competitive research”, Minister Mahrer added. Applications can be submitted via the Austrian Science Fund (FWF), the Austrian Research Promotion Agency (FFG), Austria Wirtschaftsservice (aws), the Austrian Academy of Sciences (ÖAW), the Ludwig Boltzmann Society (LBG) and the Christian Doppler Research Association (CDG).

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Thanks to a fantastic mindset, our employees at the Villach site have built up a unique expertise which helps us to further strengthen our position on the global market. We fuse high-performance manufacturing with research and development in the field of power electronics. In addition to a very good cooperation with partners and networks, a well-developed landscape of 'talent factories' ranging from higher technical colleges to universities, we as a company also value the outstanding model of research promotion which exists in Austria.

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