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OECD Reviews of Innovation Policy: Austria 2018

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Over the past two decades, Austria has become one of the most R&D intensive economies among OECD countries and in the world, dedicating 3.1% of its GDP on R&D in 2016, the second highest figure in the European Union. To fully harness this R&D capacity, Austrian innovation policy needs to put a stronger emphasis on efficiency in transforming R&D inputs into impacts. To achieve higher impacts, Austria also needs to steer its research and innovation system towards leadership excellence in global markets. This requires enhanced international attractiveness for top-level researchers and talent, and a conducive environment for highly innovative enterprises. Austria could also benefit from strengthening R&D and innovation to support key transitions, such as digitalisation and Industry 4.0, and to tackle key societal challenges. The STI policy mix and governance arrangements should be adapted accordingly.

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Overall assessment and recommendations

This chapter presents an overall assessment of Austria’s innovation system and policy, reflecting the key findings of the review. It identifies strengths and weaknesses with respect to research and innovation policy and performance, and develops concrete policy recommendations for improving Austria’s performance in science, technology and innovation.

English

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