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Industrial and Innovation Policy in Austria. By Daniel Föger Hong Hai Luong. Industrial and Innovation Policy in Austria. General Country Information Economy Industry and Innovation The new EU members. General Country Information. Size: 83,858 km² Population: 8,1 million - PowerPoint PPT Presentation
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Industrial and Innovation Policy in Austria
By
Daniel Föger
Hong Hai Luong
Industrial and Innovation Policy in Austria
• General Country Information
• Economy
• Industry and Innovation
• The new EU members
General Country Information
• Size: 83,858 km²• Population: 8,1 million• Language: German• Capital: Vienna
(1,54mio.)
General Country Information
• Political System:
Federal State with 9 Federal Provinces (Bundesländer)
Industrial and Innovation Policy in Austria
• General Country Information
Economy• Industry and Innovation• The new EU members
Austria’s EconomyGDP / per Head 265 billion / 33.492 €
Exports: 142 billion €
Growth rate: 1.0 %
Unemployment: 4.1%
Industries:– Food industry, Luxury commodities– Mechanical engineering– Steel construction, Chemicals– Technologically adv. automotive systems
Major trading partners
Germany
Switzer land
Italy
Other countries
Hungary
Economic growth international
Inflationrate: Austria and EU
Unemployment: Austria and EU
Economic slow down
• Low economic growth
• High bureaucracy
• Many industries are still overregulated– Attempts to liberalise industries
• Powerful trade unions
• Budget deficit– 1,5% of the GDP 2003
Industrial and Innovation Policy in Austria
• General Country Information• Economy
Industry and Innovation• The new EU members
Industrial and Innovation Policy
Responsibilities:• Ministry of Education, Science and Culture• Ministry of Transport, Innovation and
Technology• Ministry for Economic Affairs and Labour
Austrian Council for RTD was established in July 2000
Austrian Council for R&D
• advices the federal government
• defines long-term national RTD strategy
• monitors implementation of this strategy
• Propose national RTD programmes in the international framework
• Improve co-operation between science and industry
• Strength Austria`s Position international
Vision and Strategy
• National Research and Innovation Plan (NRIP)
• Increase the RTD quota:
1,8% of GDP in 2000 2,5% in 2005
3,63 bill. € to 6,1 bill € (at present:1,95%)
Activities of Austrian Council for R&D
• Distribution of 509 mil. € special funds for RTD
• Campaign to raise public awareness for science, technology and innovation
• Human resources: – quality manpower– International mobility of researcher– Employment of foreigners in Austria
Activities of Austrian Council for R&D
• Initiative to promote emerging technology fields
• Initiatives on promoting innovative starts-up
• Universities: recommended to finance university research infrastructure
Future Activities of Austrian Council for R&D
• The council will further call for
– Increase in RTD funding– Realisation of additional long-term non
budgetary RTD funding (also private investors)
– Exploitation of external sources, e.g. dividend distributed by the Austrian National Bank or through privatisation revenues from national and „Länder“ governments.
Furthermore:
• Optimize structural reforms of the Austrian Innovation System
• Allocation of special funds for RTD (600 mil. € for 2004-2006) in close cooperation with experts and stakeholders
Industrial and Innovation Policy in Austria
• General Country Information• Economy• Industry and Innovation
Austrias Neighbours:
The new EU members
On 1.1.2004 the EU will have 10 new members
0
5
10
15
20
Economic situation
Slovenia
Czech Republic
Slovakia
Hungary
Slovenia 3,2 7,5 6,5
Czech Republic 1,9 1,8 9,2
Slovakia 3,8 3,3 17,8
Hungary 3,3 5,3 5,9
Growth rate Inflation Unemployment
Austria – Gateway to Eastern Europe
• Already in 1994 Austrian Federal Economic Chamber published:
• ”Austria – Gateway to Eastern Europe”– active establishment of Austrian companies in EE
• Initiative: ”Export 1 – 24”– Support for SMC to strenghten their
competitiveness – encourage confindence in EU - expansion
• 15.000 subsidiaries, represantative offices and joint ventures have been set up
Trade &Foreign direct investments of Austria
• Central and Eastern Europe as second largest trading partner– 17% of exports flowing into the region– Export to new EU members in 2002: – 9,7 Billion € (+ 5,9%)
• FDI in East Europe 2002: 2,6 Billion €– In total: 12,2 Billion €– FDI Market share in Eastern Europe: 10,2%
Austria’s FDI Focus in 2002
• FDI Focus on Czech Republic and Slovenia– In 2002: 40% of all FDI went to Czech
Republic
• Trade with Slovenia in 2002:– Export: 1,4 billion € (+ 9%)– Import: 784 million € (+1,9%)– Austria as biggest FDI with 32,3%
Why this boom?
• ”First mover advantage”– Even for small and medium sized enterprises
• ”Unique competitive advantages for companies”– Geographical location,– Common cultural heritage & History– Understanding of CEE language & business– Extensive network of financial institutions
Thank you for your attention!
Questions and Comments?