The Factors of Development of the National Innovation Systems of Austria and Germany

Abstract

The experience of the socio-economic development of Germany and Austria testifies that the innovation component is crucial to ensure their competitiveness and economic growth. The article is aimed at defining the modern factors of development of the national innovation systems of Austria and Germany. It is shown that these countries demonstrate effective models of sustainable innovation development. The main components of the State innovation policy in these countries are defined. The role of the innovative infrastructure and the mechanism of public-private partnership in functioning of the national innovation systems is disclosed. On the basis of the carried out research it is concluded that the key factors of formation and development of the innovative system of Austria and Germany are the historically formed preconditions of national business, the efficient State policy in the sphere of financing and stimulating of innovative activity, effective innovative infrastructure based on interaction of the State, business, science and education.

Keywords

• innovation
• national innovation system
• strategy
• innovation policy
• public-private partnership