High research ratio
Companies in the environmental technology sector have long recognized R&D to be a door opener in order to expand to and serve new markets from the Austrian business location. On balance, Austria's R&D/GDP ratio of 3,14 % is above the average of the EU-28, the OECD member countries and the USA. The groundwork has also been laid for the future. Plans call for the research ratio to be increased further to 3.76 % by 2020, significantly above the R&D investment volume comprising 3 % of the GDP as defined by the EU in Europe 2020, the document laying out its growth strategy.