Systematic investments on the part of domestic and international companies in Research Location Austria, for example in biologics, are making a major contribution to this upward trend along with the commitment of the public sector. This is underlined by the broad-based promotion and funding of Austrian research and an innovation-friendly tax system.
What specifically can companies in Austria profit from?
- Attractive funding
- Research premium since 2018 on even 14% for companies based in Austria
- Business-friendly tax system with low costs
- Bundled know-how of international experts
- Strong links of the business and scientific communities
Innovative companies from across the globe enjoy optimal conditions in Austria. Detailed information on Research & Development in Austria can be found in our download area.
Research ratio and research expenditures
Today Austria ranks as one of the few European countries that exceed the declared research policy objective of the EU, namely to achieve a research ratio of 3% of GDP by 2020. Austria has also set even more ambitious targets. The research strategy of the Austrian Government aims to turn Austria into a European innovation leader by the year 2020.
According to the Global Estimate 2017 of Statistics Austria, Austria will increase its spending for research and development to EUR 11.3 billion, comprising an estimated rise of 3.8% (+ EUR 419 million) compared to 2016. As a consequence, Austrian research expenditures will outperform the forecasted increase of the nominal gross domestic product of 3.3%. In 2016, Austria's research spending of 3.12% will exceed a research ratio of 3% - the targeted European level for 2020 – for the third straight year. In European comparison, Austria's R&D/GDP ratio puts it in second place, surpassed only by Sweden. In fact, Austria has overtaken Germany, Finland and Denmark.
With 6.3 billion EUR (49%), the biggest proportion of the research expenditures comes directly from businesses. The second biggest part with 4.5 billion EUR (34.9%) from the public sector. 77 million EUR (0.6 %) are coming from the private and non-profit sector and the remaining 2 billion EUR (15.6%) of research and development expenditures are coming from outside of Austria, mainly from international companies, that perform research and development here through their Austrian subsidiaries.
Current developments in research
Be always up-to-date about the latest developments and read our news or sign up to our newsletter. Read more about Carinthia, a El Dorado for researchers and developers in southern Austria, in our blog.
Austria - Room for Ideas
Watch our latest video about research and development in Austria: