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.
- Productive business location
- Strong support for R&D
- Many tax advantage
- Unmatched quality of life
- Highly qualified and motivated specialists
- Security and stability
Detailed information on Research & Development in Austria can be found in our online brochure.
Ottobock on the Research Location Austria
Austria - Room for Ideas
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Research ratio and research expenditures
In the 2020 EU GDP ranking of research spending, Austria is in third place behind Sweden (3.51%) with 3.22%.
Austria is one of the few European countries to have exceeded the EU's stated research policy goal of a research quota of three percent by 2020. This year, Austria once again occupies a top position on the EU average.
Overall, Austria will increase its spending on research and development to 14.1 billion euros according to forecasts (as of April 2022). This puts spending above the forecast increase in gross domestic product of plus 9.3% and corresponds to an estimated research ratio of 3.26% of gross domestic product (GDP).
7.16 billion euros (50%), and thus the largest share of research spending, is borne by companies.
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.