Continued growth for Styrian environmental technology
22. September 2014
Innovation and internationalisation are the secret of success of the Green Tech Valley
There was also a significant increase in employment in environmental technology reaching 19,300. While in previous years growth has come mainly from SMEs, in 2013 large companies in particular have strengthened their environmental activities.
He who researches wins
The research expenses have also grown by 6%, and the R & D ratio remains stable at 4.7%. Of particular note is that companies with higher R & D expenditure experience up to double-digit growth in revenue. Innovation definitely pays.
Markets spread all over the world
The export share of Styrian environmental technology companies has continued to increase. 9 out of 10 € in revenue are now being generated abroad. As Bernhard Puttinger, CEO of ECO WORLD STYRIA remarks: „The markets for our companies are clearly internationally oriented as this is where the greatest opportunities for growth can be found. That is why we support our partner companies particularly when it comes to innovation and internationalisation.“ Only recently, the support service of the cluster received a ten-fold global boost with the Green Tech Service Alliance.
About ECO WORLD STYRIA
The Green Tech Valley is the no. 1 worldwide address for innovative environmental technologies. Here in Styria, in the heart of Austria, there are more global environmental technology leaders within an hour´s drive than anywhere else in the world. 170 companies and research institutions work in the ECO WORLD STYRIA Green Tech cluster on the leading innovations of tomorrow in biomass, building and recycling technology.
For further details contact: ECO WORLD STYRIA, Mag. Isabella Wuthe, MAS, Tel. +43 676 75 08 780, firstname.lastname@example.org
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