ADM NEWS | The number of patent applications filed by companies and inventors in Austria rose by 5% last year on a year-on-year basis. According to the European Patent Office (EPO) Patent Index, the country has returned to a growth trajectory following two years of decline.
Key performance indicators
Austria’s growth rate significantly outperformed both the European Union average of 0.7% and the global average of 1.4%. This surge highlights a robust recovery in the nation’s innovation landscape. Currently, Austria ranks eighth globally for patent applications per capita, boasting 245 applications per million inhabitants.
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