© Fraunhofer
This is the conclusion of the Innovation Indicator 2017 compiled by the Fraunhofer Institute for System and Innovation Research (ISI) and the Center for European Economic Research (ZEW). The study examined the areas of the economy, science, education, government and society in a total of 35 countries.
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Reliability and expertise in the country and in the company are the convincing factors in selecting a business location. We can be justifiably proud but can still become even more attractive. This is something Austria should increasingly work on in the future!
Pfizer
The new Austrian Federal Government is committed to strengthening the economy, as shown in its programme, and has incorporated numerous measures to enhance the viability of Austria as a business location.
Companies carrying out research and development in Austria have the possibility to apply for research funding, namely the so-called research tax credit. In an international comparison, the Austrian research tax credit is a recipe for success and is designed to showcase and enhance the attractiveness of Austria as a research location. The successive increase in the research tax credit from the original level of three percent in 2002 to 14 percent at present has made a massive contribution to this success.