Austria’s Researchers Stand out in Innovation and Commercialization of Scientific Discoveries

PeopleOther ♦ Published: February 23, 2025; 19:52 ♦ (Vindobona)

Austria's research community continues to stand out in Europe, excelling not only in fundamental scientific discoveries but also in successfully bringing innovations to market. A recent analysis by the European Research Council (ERC) highlights the ability of Austrian scientists to commercialize their patented inventions, often through licensing agreements or the establishment of startups.

Commercialisations in Patented Inventions Have Been Succesfull in Austria, According to the ERC. / Picture: © Wikimedia Commons; ÖPA/Astrid Bartl, CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0/deed.en)

Austria's researchers have established themselves as innovative leaders in Europe, particularly in the commercialization of their patented inventions. A recent analysis by the European Research Council (ERC) reveals that nearly half of the scientists who receive the prestigious ERC grants successfully bring their patented developments to market, either through licensing agreements or by…