Economic Strategy: Growth through innovation
The events of recent years have shown quite clearly that no state; no region is an island of its own. Quite on the contrary – through intense economic and financial ties we are intertwined with each other on a worldwide basis. What does this mean for Styria and its economic policy? As with many other regional authorities, we have to face current challenges by making do with limited financial resources. Against this backdrop Styria aims to become a province which sets a European example through its intelligent transition to a knowledge-based production and service society. To do this it is essential that the theme of Innovation remains a central focus in economic strategy - only through innovation can competiveness continue and growth be enabled. “Growth through innovation” is thus the guiding principle of the new Economic Strategy for Styria 2020. At the core of this strategy is the concept of “smart regional specialisation”.
In order to achieve these strategic aims it is essential to concentrate on:
- key issues and technological core competences
- core strategies and
- active site development
The economic policy of the future will focus specifically on 3 main themes:
The focus will be on the following 5 key strategies:
- business location development and business location management
- supporting innovation and R&D
- entrepreneurship & growth in young companies
- qualification & human potential
- internationalisation of companies and business locations
As the operational branch of Styria’s Department of Economics, the Styrian Business Promotion Agency (SFG) focuses its activities on these guidelines. Within this framework we see ourselves as a modern service provider, with the task of contributing to the economic growth of companies and regions in our province. This is carried out by means of awareness raising, development, promotion and financing through all the core strategies and key issues. We offer our clients comprehensive consulting support, financing packages and provide information along with contacts and cooperation opportunities in this context.
Our clients are primarily enterprises in the process of foundation, companies in growth, or firms that are achieving vital internationalisation as a result of their successful global activities. In addition to this we also offer our services to local authorities, public sector institutions, research and education facilities, competence centres, networks, individuals and legal persons and to other bodies, whose projects significantly support and benefit the economic strategy.
Economic Strategy: Growth through innovation (pdf in german)
