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Why Austria

More Future Than You Think

You expected mountains.
You get a world leading innovation hub.

  • Long tradition of innovation
    Many of Austria's inventions have shaped the world of science and technology as well as our everyday lives.
  • Dynamic research scene
    Benefit from a 14 % research premium as well as from numerous direct research funding programmes.

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Innovation from Austria

Did you know that one of the most important technologies behind every smartphone, electric vehicle and AI data center – the printed circuit board – was invented by an Austrian engineer?

Austria has a long tradition of turning scientific ideas into technologies that shape the world. From printed circuit boards to quantum computing and advanced semiconductor research, innovation remains a defining strength of the Austrian research ecosystem.

Did you know that the heat shield protecting the ESA’s Solar Orbiter from the Sun’s extreme radiation was developed in Austria?

As the spacecraft travels as close as 43 million kilometres to the Sun – closer than any mission before – a company from Lower Austria plays a key role. Beyond Gravity Austria GmbH manufactured the protective shield at its Berndorf facility, ensuring the satellite can withstand the intense heat during its mission to study the solar wind.

Did you know that Austrians developed key technologies for the modern computer?

Kurt Gödel laid the theoretical foundations for modern computer science in 1931 with his incompleteness theorems. Just a year later, Gustav Tauschek developed drum memory, the first form of data storage and a precursor to the hard drive. In 1936, Paul Eisler invented the printed circuit board, and in 1940, Hedy Lamarr (yes, the actress) introduced frequency-hopping technology – initially for radio-controlled torpedoes, but now forming the basis of modern wireless systems like Wi-Fi and UMTS.

Did you know that one of the foundations of quantum mechanics was formulated by an Austrian?

The famous Schrödinger equation was developed by Erwin Schrödinger in 1926 and remains the fundamental law of quantum mechanics to this day. It describes the evolution of the quantum mechanical state of a physical system over time and space. 

Did you know that one of the world's most important hydropower technologies was developed by an Austrian?

The Kaplan turbine was developed in 1913 by the Austrian engineer Viktor Kaplan and remains one of the world's most important types of turbines for hydroelectric power plants to this day.

Did you know that the discovery of cosmic rays was made by an Austrian scientist?

In 1912, the Austrian physicist Victor Franz Hess discovered cosmic rays – a fundamental discovery in modern physics that was honored with the Nobel Prize in 1936. 

Did you know that slow motion was invented in Austria?

In 1904, the Styrian physicist and priest August Musger laid the foundations for slow-motion technology. Today, it is standard practice in sports broadcasts, film productions, and industrial research.

Did you know that the blood groups A, B, AB and O were discovered in Austria?

In 1901, the Viennese physician Karl Landsteiner discovered the major blood groups, thereby laying the foundation for safe blood transfusions worldwide. For this achievement, he was awarded the Nobel Prize in 1930.

Did you know that the father of modern genetics was Austrian?

Gregor Mendel, an Augustinian monk, discovered the laws of inheritance through systematic cross-breeding experiments with peas in his garden. His work, published in 1865/66, was only recognized in 1900. In 2022, his 200th birthday was celebrated as the “Year of Mendel.” His principles still underpin pedigree analysis, and the term “Mendelian” remains central to modern genetics.

Did you know that sugar cubes, the birth control pill, and alkaline batteries have one thing in common?

All three of these everyday items of the modern world were invented by Austrians. As early as 1844, Jacob Christoph Rad developed the first sugar cube. More than a hundred years later, in 1951 to be exact, Carl Djerassi achieved a breakthrough with the birth control pill, and six years later, Karl Kordesch, along with two other Austrians on his team, invented the alkaline battery (alkaline-manganese cell), which is still used in millions of devices. Today,  batteries, energy storage, and electric mobility are among the most important markets of the future.

Life Sciences Österreich: eine internationale Fachkraft im Bereich Forschung und Entwicklung arbeitet in einem hochautomatisierten Labor
© Paul Bauer

Innovation that moves mountains

Innovation has a long tradition in Austria and its innovative strength continues unabated. 

  • Strong innovators: Austria ranks eighth among EU member states in the European Innovation Scoreboard, leading the group of “strong innovators''.
  • Intellectual property – first in Europe: No other country registers as many patents, trademarks and designs in relation to its GDP.
  • Research ratio of 3,35 %: In an EU comparison, Austria ranks third regarding the gross expenditure on R&D.
  • Funding: Austria offers direct funding to companies for their research projects as well as a 14 % research tax credit.

Learn more about research in Austria

Durst Group

Why (Tyrolean) stubbornness can be a major locational advantage

In addition to good predictability and manageable burdens for companies, Austria’s strong social partnership and effective cooperation with ÖKB Export Services form a key advantage of the business location, says Christoph Gamper, CEO of the Durst Group. He also highlights “Tyrolean stubbornness” as a valued strength – particularly in East and South Tyrol – especially in mechanical engineering, innovation, and inventiveness.

Generally speaking, the similar mindset I previously talked about is one factor. We carry out extensive research and development work. We require creative minds and inventors, and we also need stubbornness. Geographical proximity was also another factor in our decision. Austria plays a key role for us.

Christoph Gamper CEO Durst Group
CEO Christoph Gamper
CEO Christoph Gamper

More success stories

FAQs

  • 01

    Austria’s economic performance and high purchasing power make the country one of the most prosperous and stable locations in Europe. Many international companies already have a sales office in Austria and use the country as a springboard into Central and Eastern Europe. On the other hand, CEE companies launch their westward expansion from Austria. Central location and efficient infrastructure: Austria's road, rail, and waterway networks are well-developed and are constantly being expanded. At the same time, key data and power lines run through the country, enabling efficient logistics and reliable digital connections.

  • 02

    Austria offers concrete location advantages, such as political and legal stability, minimal downtime due to strikes, and high employee productivity. In addition, administrative processes are highly digital – many bureaucratic procedures, such as filing tax returns or obtaining legal information, can be completed online, saving both time and money. Even the process of establishing a limited liability company (GmbH) can be done entirely online – including video conferencing instead of a notary appointment and electronic signatures instead of handwritten ones.

  • 03

    Austria fosters highly efficient business operations: strikes are rare, ensuring stable production processes and a high degree of planning certainty. At the same time, a reliable rule of law and swift judicial decisions ensure smooth business operations. Companies benefit from predictable operating conditions, a skilled workforce, and an innovation-friendly environment.

  • 04

    Companies benefit from financial incentives, including a 14 % research tax credit on R&D expenditures and extensive funding programs for innovation. In addition, a 23 % corporate income tax is the only tax on corporate profits, and there are no other regional taxes. This competitive tax system enables long-term plannability and creates attractive conditions for investment.

  • 05

    Austria serves as a central hub in the heart of Europe, where major transportation, energy, and data flows converge. This location makes it particularly attractive to businesses and provides access to markets in Central and Eastern Europe, with approximately 600 million potential customers. Many international companies already manage their CEE operations from Austria.

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