This publication presents the findings and recommendations of the HEInnovate review of the impact of higher education institutions (HEIs) on entrepreneurship and innovation in Austria. The review assesses the strategies and practices of HEIs in Austria in supporting entrepreneurship and innovation, along with the government policy context. It highlights the efforts put in place by the Austrian higher education system, which has consistently recognised the need to become more entrepreneurial and innovative with a view to supporting the economic, social and cultural development of the country and its regions.

The review was undertaken by the OECD in partnership with the European Commission, as part of the programme of work of the OECD Local Economic and Employment Development (LEED) Committee. The review is part of the HEInnovate collaboration between the European Commission’s Directorate-General for Education, Youth, Sport and Culture and the OECD Centre for Entrepreneurship, SMEs, Regions and Cities.

Investing in innovative and entrepreneurial HEIs is one of the highest return investments that we can make. Innovators and entrepreneurs are not born with all the necessary competencies. Rather, underlying attitudes, skills and knowledge are developed over time in society and through education.

More needs to be done to ensure that these competencies are developed through education, and to ensure that there are the right incentives and support structures to encourage staff and students in HEIs to get more involved in entrepreneurial ventures and engagement with business and society.

HEInnovate is a starting point for governments and HEIs to identify areas for action. It is a guiding framework for supporting entrepreneurship and innovation in higher education. HEInnovate offers an online self-assessment tool for higher education institutions (, available in 24 languages, a series of country review assessments, including this report on Austria, and a Policy Learning Network that facilitates cross-country exchange and peer learning amongst the countries participating in the country reviews.