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Future of Research in Austria: Leader in the European Union
In an unprecedented phase of development, Austria's research landscape has set out to achieve the highest research quota within the European Union. The year 2024 marks a turning point in which the country achieves a research quota of 3.34% of gross domestic product (GDP) - a record figure that puts Austria on the ambitious path to the top in Europe.
Austria wants more cutting-edge research and innovation in the heart of Europe. / Picture: © Wikimedia Commons / National Eye Institute, CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)
With a research budget of 16.6 billion euros, the government is sending out a clear signal of its focus on innovation and the future, a commitment that is particularly important in the current geopolitical situation. "Innovation is the key to a strong business location in Austria," affirmed Minister of Labor and Economic Affairs Martin Kocher. By consistently increasing R&D…
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