Austria's industry: 5.7 billion euros for green transformation!

Austria's industry: 5.7 billion euros for green transformation!

Laimgrubengasse 10, 1060 Wien, Österreich - The Austrian federal government promotes the transformation of domestic industry to a sustainable and digitized economy with impressive 5.7 billion euros. As ots.at have been approved since 2023, which includes almost 490 million euros. This means that companies invest around 330 million euros themselves, which illustrates the enormous leverage of this strategy. Minister of Labor and Economics Martin Kocher emphasizes that these measures strengthen Austria's innovative strength and competitiveness- from artificial intelligence to electromobility, a wide range is promoted. Almost half of the applications come from large companies, but the importance of small and medium-sized companies and start-ups should not be underestimated.

innovation competition ensures progress

The focus on sustainable technologies and intelligent production methods shows how economy and research can work together synergistically in order to shape a sustainable industry. In total, the projects show in both Austria and in North Rhine-Westphalia that new ways are created for climate-neutral and competitive industry, and it becomes clear that we are at the beginning of a new era of technical innovations.