Economic Factor Innovation
Innovations are indispensable, both in knowledge-based manufacturing companies as well as in service companies. The focus in matters related to research grants is also clear, since way above 90 percent of all Austrian companies are small and medium-sized enterprises.
The conversion of innovative power into economic power is the declared target. In contrast to other industrial nations, many Austrian companies are still too little aware of the opportunities of industrial property protection. For this reason, the Austrian Patent Office organised a road show through individual federal provinces during the last year. Following the launch in Vienna, it was the turn of Tyrol, Upper Austria and Styria. Also onboard was “INNOVNATION”, an exhibition by the Austrian Patent Office with historic and highly topical inventions. The exhibits demonstrated that research and development is pursued at the highest level in Austria and that this way, internationally successful products are created again and again.
