Austrian Innovation Forum: Technological innovations are creating world champions in high-tech segments 2 minutes spent reading
Innovation

Austrian Innovation Forum: Technological innovations are creating world champions in high-tech segments

Andrea Zajicek

Austria’s economy, which has always been traditionally export-driven, can assert itself on the global markets in the long term only by way of technological innovations. We have an above average number of many “secret world champions,” meaning smaller companies when compared with other industries, which are, however, leaders in the sophisticated high-tech segments. These industries, which are based on research and development, represent the backbone of Austria as a prime business location.

Austrian Innovation Forum - Dr. Peter SchwabHead of Research & Development Peter Schwab, who is also going to be a guest at the Austrian Innovation Forum on October 11, 2012 in Klosterneuburg, emphasizes the importance of research and development in an interview with medianet.

He believes that Austria is fundamentally in a very good position because, as a company, it is possible to enable more innovation. However, he sees a need for action at the European level: “Our challenge—independent of innovation—lies in the areas of demographics and education. This is where it will be decided whether, generally speaking, Europe will be ahead of the others in the future.”

You can download the entire interview here: medianet “Unfortunately, nothing is automatic in research.” (German only)