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.
Where Your Profits Grow Sky High.

EY study: Two Austrian companies among the top global 500 in terms of research expenditures

test glasses labour © pixabay

The 500 companies with the highest investments for research and development across the globe already increased their innovation expenditures by six percent in 2017, and even by a further ten percent in the year 2018. On balance, the companies invested a total of EUR 606 billion last year (2017: EUR 552 billion). The American Internet giant Amazon boosted R&D spending by 27 percent to EUR 24.4 billion, once again making it the number one company in the world for R&D investments. The Austrian firms voestalpine and Andritz were given the 419th and 478th spots respectively in the latest ranking. "Digitalisation has triggered a boom in investments which is increasingly gaining in momentum", says Gunter Reimoser, Country Managing Partner EY Austria, in commenting on the latest figures. "A race to develop innovations and gain technological leadership has started in many sectors", he adds.

Research Location Austria: Read in our blog why big brands are expanding their R&D presence in Austria

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



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

Austria Map

Find the perfect location for your company

One of Austria's key strengths as a business destination is its highly qualified and motivated skilled workforce for research and development, especially in the scientific sector.

Nestlé Austria

More testimonials

news from the business location Austria

Less gold is sometimes better

Using an ultra-thin gold layer, scientists at the Vienna University of Technology succeeded in creating an almost optimal infrared absorber.

Support measures for companies affected by COVID-19

To stimulate the economy, either new programs may be established as a result of the draft law or existing support programs (e.g. aws, ÖHT) will be expanded. All measures introduced are intended to be applicable immediately and will be in force until the end of 2020. The measures currently introduced include the following areas:

More news All blog posts