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OECD Reviews of Innovation Policy: Austria 2018

image of OECD Reviews of Innovation Policy: Austria 2018

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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The Austrian innovation system: Evolution and current challenges

This chapter outlines the evolution and discusses current challenges of the Austrian innovation system. It provides an overview of the expansion and structural change in Austria’s expenditure on research and development, and the system’s performance in terms of main STI indicators. The chapter further illustrates Austria’s performance in international innovation rankings in relation to innovation leaders and reflects on the system’s capabilities for international innovation co-operation as well as between industry and science.

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