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Peter Ch. Löschl, ABA – Invest in Austria
2017
Austria – Investment Climate
Reasons to Invest in Austria - Perspectives
Strong Economy in the
Heart of Europe
 Area: 83,872 km²
 People: 8.77 m.
 GDP growth: 1.5%
(2016)
 GDP / capita: € 36,405
 R&D quota: 3.07%
„New“ Austrians
Largest foreign population groups
Germany
176,517
Serbia
116,739
Turkey
116,053
Bosnia Herz.
93,966
Romania
82,971
Croatia
70,255
Hungary
63,608
Poland
Slovakia
Russia
Italy
Source: Statistik Austria 2016
57,604
35,355
31,151
25,324
Top Investor: Austrian FDI in CEE
Percentage of total investment in respective country and Austria‘s rank
as investor, 2014
Croatia 1
34.6
Slovenia 1
34.3
Bosnia-Herz. 1
23.5
Romania 2
19.1
Serbia 1
16.8
Slovakia 2
16.4
Bulgaria 2
15.4
Czech Rep. 2
14
Macedonia 2
12.2
Hungary 4
10.9
Albania 4
Ukraine 5
10.1
5.5
Source: WIIW (Vienna Institute for International Economic Studies)
You Know Austria Like
This…
… or Like That…
… or Like That…
… but Best Like That
You Are Investing in an Industrial Country
Production sector as percentage of GDP, 2015
Germany
30.5
Austria
27.9
Japan
26.8
Switzerland
26.2
EU-28
24.4
USA
20.7
Netherlands
20.6
UK
20.4
France
Source: OECD, Eurostat 2016
19.4
You Are investing in an Industrial Country
Production sector as percentage of GDP
Agriculture 1%
Tourism & Leisure
Ind. 15%
Production 28%
Services 56%
Source: Statistik Austria 2016
Expert Staff for
Sustainable Corporate
Sucess in R&D
 Dual educational system
 Vocational schools (HAK, HTL
unique to Austria)
 21 Academies of applied
sciences offering approx. 400 courses
 22 public universities
12 private universities
 Foreign language competencies
 More than 1,000 extra-university
research institutions
Austria‘s R&D Expenditures Grow
Above Average
* Forecast 2016
As percentage of GDP
Germany
Austria
2.9
3.07 *
2.7
2.5
2.3
EU-28
2.1
1.9
1.7
1.5
1998
2000
2003
Source: Eurostat
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Austrian Cluster
Landscape
 More than 50 clusters
Approx. 3,500 companies
Approx. 420,000 staff
 Economic and technological
cooperation
COMET – All Centers in Austria
Subsidies for R&D Projects are Available
Via Two Main Program Lines
„Top Down“
Thematic calls
„Bottom-up“
Any topic
Any time
„Basic programme“
„Special programs“
Austrian Expenditures in R&D
Total 2016: 10,744.16 m. €
Others
153
Foreign
1529.3
Federal
3114
Regions
443.2
Companies
4764.9
Source: Statistik Austria 2016
FFG Structural
Programs

AplusB
accent
build!
CAST
INiTS
SPG – Science Park Graz
tech2b
ZAT – Zentrum für angewandte
Technologie

COIN – Cooperation and
Innovation

Research Studio

IraSME
Pre-Seed
Basic
Incubator
Research
Grant
Company Founding
Company Incentives Stages
Early Stage
Seed
Start Up
First
Stage
Later Stage
Second
Stage
Third
Stage
Grant
Grant
Direct (soft) loans
Grant
Grant
Direct (soft) loans
Guarantees
Guarantees
IPO
Investor-friendly Tax System
Corporate tax rate: 25%
Modern group taxation
Tax premium for R&D: 12%
No trade tax
No net worth tax
Double taxation treaties
Profit from Highly Productive Employees
Labor productivity
GDP per person employed in PPS, EU-28 = 100
Ireland
180.6
Luxembourg
167.0
Belgium
128.5
Austria
115.0
France
114.3
Sweden
113.2
Netherlands
110.6
Euro area
107.0
Germany
106.5
Italy
106.5
United Kingdom
102.6
Czech Republic
79.4
Poland
74.3
Hungary
Bulgaria
69.8
44.5
Source: European Commission, Eurostat (11/2016)
No Strikes
Working days lost to strikes per 1,000 employees –
annual average 2005-2014
Switzerland
Austria
1
2
Poland
5
Sweden
5
Netherlands
8
USA
8
Germany
United Kingdom
15
23
Norway
Spain
Finland
Belgium
Canada
Denmark
France
Source: WSI - Hans Böckler Foundation 2016
55
63
71
84
110
124
132
Unmatched Quality of LIfe
Maximum = 10
Switzerland 1
9.83
Austria 2
9.71
Norway 3
9.70
Netherlands 8
9.24
Germany 9
9.21
Belgium 12
9.05
USA 18
8.26
Czech Republic 19
8.20
Japan 20
8.11
France 23
8.00
United Kingdom 24
7.92
Italy 28
7.21
Poland 43
Hungary 57
5.36
3.69
Source: World Competitiveness Yearbook 2016
Attraktive for More than
300 Regional Headquarters
Vienna: HQ-Location for
International Organizations
and Top Conference City
 Only UN headquarters in the EU
 30 HQs of international
organizations in Vienna
 More than 14,000 international
staff and diplomats (UN) are
living in Vienna
 Leading conference city
(according to ICCA study)
 Skilled HQ staff available
Globalized Economy
Maximum = 100
Netherlands 1
91.70
Ireland 2
91.64
Belgium 3
90.51
Austria 4
89.83
Switzerland 5
87.01
Hungary 9
85.78
Czech Republic 17
83.60
France 19
82.61
UK 20
81.97
Poland 23
79.90
Italy 24
80
Germany 27
78.24
USA 34
Japan 48
Source: 2016 KOF Index of Globalization
75.71
67.86
Peaceful Country
1 = state of peace is high
Iceland 1
Denmark 2
Austria 3
1.192
1.246
1.278
Czech Rep. 6
1.360
Switzerland 7
1.370
Germany 16
1.486
Hungary 19
1.534
Netherlands 21
1.541
Poland 22
1.557
Italy 39
France 46
UK
47
Source: 2016 Global Peace Index
1.774
1.829
1.830
Newly Established Companies
162 per working day
37.054 38.636
36.946
39.973
35.279
32.712
31.001 30.304
28.322
26.035
21.706 21.954
Source: Austrian Economic Chamber
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
14.161
Startup Ecosystem
Model
© Savannah‘s Startup Ecosystem
Factors for the
Startup Hotspot Austria
 High educational level for
technical jobs
 Differentiated funding system
 Investment-friendly tax system
– 12% tax credit for R&D
expenditures
More Factors for the
Startup Hotspot Austria
 Self-organization in startup
clusters and coworking spaces
 Supporting network (early-
stage investors, business
angles, incubators)
 “Limited company” with 5,000
€
as minimum cash contribution
New Impetus for the
„Land of Founders“
 Founding years facilitated: no non
wage labor costs for the first three
employees during a period of three years
 Seed financing of Austria
Wirtschaftsservice (aws) increased by
EUR 20 m.
 aws Business Angel Fund: additional
EUR 20 million for startups
 New risk capital premium for
investors: investments of up to EUR
250,000 per year are supported, 20% of
the investment amount is reimbursed
New Impetus for the
„Land of Founders“
 Digital one-stop-shop: founding process is
quicker, less expensive, online
 Founding fellowships for academic spinoffs: financing of salary costs, access to the
academic infrastructure
 New startup visa: existing rules for selfemployed key workers will be extended to
startups
 Secure specialized staff: programmers
and other IT specialists gets work permits
 24 hour quick check for funding
applications requests of the Austrian
Research Promotion Agency (FFG) and aws
ABA-Invest in Austria
Opportunities are our business
 Advisory services for international
investors
 Owned by the Republic of Austria
 25 expert staff
 International & national networks
ABA – Invest in Austria
Your Contact in Vienna
Peter Ch. Löschl
Tel: +43 1 588 58 52
[email protected]
www.investinaustria.at