Austria – Investment Climate Reasons to Invest in Austria ... · Innovation Hub Austria OPEN...
Transcript of Austria – Investment Climate Reasons to Invest in Austria ... · Innovation Hub Austria OPEN...
Austria – Investment ClimateReasons to Invest in Austria - Perspectives
Peter Ch. Löschl, ABA – Invest in AustriaNovember 2015, Moscow
Strong Economy in the Heart of Europe
Area: 83,872 km² People: 8.5 m. GDP growth: 0.5% (forecast 2015)
GDP / capita: € 36,980 R&D quota: 3.01% (forecast 2015)
Top Investor: Austrian FDI in CEEPercentage of total investment in respective country and Austria‘s rank as investor, 2013
27.3
21.6
17.9
16.2
13.9
13.2
11.8
11.4
10.5
8.1
7.8
3.2
Croatia 1
Slovenia 1
Bosnia-Herz. 1
Romania 2
Serbia 1
Slovakia 2
Bulgaria 2
Czech Rep. 3
Macedonia 2
Albania 3
Hungary 4
Ukraine 5
Source: WIIW (Vienna Institute for International Economic Studies)
Vienna International Airport –The Leading Hub to CEE and SEE
Austrian Airlines:
23 countries
41 destinations
559 flights per week
Source: Vienna Airport
20% New Austrians
Germany
Serb, Mont, Kos
Turkey
Bosnia Herz.
Romania
Croatia
Poland
Hungary
Czech Rep.
Slovakia
Russia
Italy
Foreign citizens Already naturalized 226,882
185,592
132,661
74,639
Source: Statistik Austria 2015
208,947
69,859
63,197
45,589
44,209
30,017
28,510
27,916
You Know Austria Like This…
… or Like That…
… or Like That…
… but Best Like That
You Are Investing in an Industrial CountryProduction sector as percentage of GDP, 2014
30.7
28.4
25.7
25.6
24.4
21.4
20.3
19.9
19.5
Germany
Austria
Switzerland
Japan
EU-28
Netherlands
USA
UK
France
Source: OECD, Eurostat 2015
You Are investing in an Industrial CountryProduction sector as percentage of GDP
Production 29%
Services 55%
Tourism & Leisure Ind. 15%
Agriculture 1%
Source: Statistik Austria 2015
Profit from Highly Productive Employees
263
132
130
128
124
124
108
107
107
100
Luxembourg
Ireland
Netherlands
Austria
Sweden
Germany
Great Britain
Euro area
France
EU-28
Source: European Commission, Eurostat (06/2015)
Labor productivityGDP per person employed in PPS, EU-28 = 100
Highly Productive EmployeesLabor Productivity, GDP per person employed in PPS, EU-28=100
168,4
144,1
128,9
115,7
113,4
112,8
112,2
107,5
107,3
106,4
102,4
100,0
76,7
73,3
71,7
42,9
Luxembourg
Ireland
Belgium
France
Austria
Netherlands
Denmark
Euro area
Italy
Germany
United Kingdom
EU-28
Czech Republic
Poland
Hungary
Bulgaria
Source: European Commission, 11/2015
No StrikesWorking days lost to strikes per 1,000 employees –annual average 2005-2013
12
55
89
1623
5366
7677
102135
139
SwitzerlandAustriaPoland
SwedenNetherlands
USAGermany
United KingdomNorway
SpainFinland
BelgiumCanada
DenmarkFrance
Source: WSI - Hans Böckler Foundation 2015
Expert Staff forSustainable 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 universities12 private universities Foreign language competencies More than 1,000 extra-university
research institutions
Austria‘s R&D Expenditures GrowAbove AverageAs percentage of GDP
Source: Eurostat
1,5
1,7
1,9
2,1
2,3
2,5
2,7
2,9
1998 2000 2003 2004 2005 2006 2007 2008 2010 2012 2014
Austria
Gemany
EU-27/28
* Forecast 2015
3.01 *
Austrian Cluster Landscape
Economic and technologicalcooperation
More than 50 clustersApprox. 3,500 companiesApprox. 420,000 staff
COMET – All Centers in Austria
Innovation Hub Austria
OPEN INNOVATION
Excellencein professional Research and Development
StartUp Hub & Industrial Clusters
Uniqueeducational system
and access to Universities
Via Two Main Program Lines
Subsidies for R&D Projects are Available
„Special programs“
„Top Down“
Thematic calls„Bottom-up“
Any topicAny time
„Basic programme“
Austrian Expenditures in R&DTotal 2015: 10,104.44 m. €
Federal 3114
Regions 443.2
Companies 4764.9
Foreign 1529.3
Others 153
Source: Statistik Austria 2015
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
Economic and Social Stability
Reliable legal system Efficient public
administration High personal security Very low strike rate
Unmatched Quality of LIfeMaximum = 10
9,73
9,57
9,51
9,31
9,22
8,68
8,22
8,16
7,95
7,80
7,73
6,99
4,68
3,94
Switzerland 1
Norway 2
Austria 3
Germany 6
Netherlands 7
Belgium 15
USA 18
Japan 19
France 20
Czech Republic 22
United Kingdom 23
Italy 29
Poland 49
Hungary 56
Source: World Competitiveness Yearbook 2015
Attraktive for More than300 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
FFG StructuralPrograms
AplusBaccentbuild!CASTINiTSSPG – Science Park Graztech2bZAT – Zentrum für angewandte
Technologie
COIN – Cooperation andInnovation
Research Studio IraSME
Company Incentives Stages
Pre-Seed Early Stage Later StageBasic
ResearchIncubator Seed Start Up First
StageSecond Stage
ThirdStage
IPO
Com
pany
Fou
ndin
g
Grant
Grant
Grant
Grant
Grant
Direct (soft) loans
Direct (soft) loans
Guarantees
Guarantees
Newly Established Companies
Source: Austrian Economic Chamber
14.161
21.706 21.954
26.03528.322
31.001 30.304
32.712
35.27936.946 37.054
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
5 Reasons for Companies to Invest in Austria
Competitive technologies & innovative business environment
Qualified & flexible employees
High stability & security
Central European location
Huge market potential
Who We Are
Consulting company for international investors
Owned by the Ministry of Economic Affairs
25 experienced employees
International network with offices in Shanghai and Tokyo
National network
Vigorous Support forInternational Investors
Cost free consulting services :
Company foundation
Legal and tax aspects
Location search
Incentives
Regulations
Business contacts
… making your entry in Austria easy
ABA – Invest in AustriaYour Contact in Vienna
Peter Ch. LöschlTel: +43 1 588 58 [email protected]
Economy 3.0
Source: Austrian Economic Chamber
Economy 1.0 Economy 2.0 Economy 3.0
Nature of need Physical survival Human prosperity Immaterial wealth
Driving force Development Actualization Recognition
Nature of work Manual labor Repetitive labor Intellectual or creative activity
Dominant sector Agriculture Industry Service industry
Most important form ofcapital
Land and natural capital Machines and material capital
People and intellectual capital
Stage of knowledge society Oral society Literate society Digital society
Geographical focus Local National Global
Key concept to satisfactionof needs
Production Consumption Barter
Purpose of the system Production Distribution Interaction
Market as… Food in return for work, indentifying markets
Goods in return for money, setting prices
Identities for / versus identities, identifying communities
Inherent values Hard work, obedience Rationality Identity
Employer-employeerelationship
Indipendent, but possiblysubject to feudal rule
Employees and employers Fellow entrepreneur
Customer as… Mass phenomena Recipient Co-producer
Property, definition and useof profit
Entrepreneur Entrepreneurs andshareholders
Customers, investors, employees, the public
Dominant politicalimperative
Democratization Liberalization Intellectualization