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Meetings Calendar 2006
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Moving to the Top of the League Tables

 

Spending on research and development has grown extremely dynamically in Austria since the middle of the 1990s. In 2005 approximately EUR 5.8 billion was invested in R&D. Compared to 1998 this represents an increase of 70 percent, and a massive 150 percent leap since 1993. The research quota has now reached 2.35 percent, putting Austria considerably ahead of the EU average. Austria is also one of the few EU countries that are on target to achieve the goal of a three percent research quota by 2010, as Wim Kok ascertained in his Mid Term Report on the Lisbon process.

Austria now therefore has the chance to position itself among the top European performers in research and technology development. It can take up this challenge from a position of strength, notwithstanding the need to overcome a number of weaknesses in the innovation system.

The European Innovation Scoreboard, an EU-wide comparative analysis based on 26 indicators, provides pointers to the strengths and weaknesses of the Austrian innovation system. The most recent scoreboard, for example, attests that Austria has clear strengths in the dissemination and adaptation of new knowledge. Austria performed particularly well with regard to the innovation intensity of small and medium-sized enterprises, with scores well above the EU average. Weaknesses, however, were evident in the generation of knowledge, manifesting themselves in the lower than average numbers of science and engineering graduates and hightech patent applications submitted to international patent offices. The lack of venture capital for high-tech start-ups also represents a bottleneck in the innovation system.

 

Date: 30.12.2005