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Economic Strategy: Growth through innovation

The events of recent years have shown quite clearly that no state, nor region is an island on its own. On the contrary – through intense economic and financial ties, the word has become increasingly connected. What does this mean for Styria and its economic policy? As with many other regional agencies, we have to face current challenges by managing with limited financial resources. Against this backdrop, Styria strives to be a province, which sets a European standard through its intelligent transition to a knowledge-based production and service society. In doing so, it is essential that innovation remains a central focus in our economic strategy. It is only through innovation that competitiveness and growth be ensured. “Growth through innovation” is thus the guiding principle of the Economic Strategy for Styria 2025. At the core of this strategy is the concept of smart regional specialisation.

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 arm of Styria’s Department of Economics, the SFG focuses its activities on these core themes. Within this framework, we see ourselves as a modern service provider, with the task of contributing to the economic growth of companies and communities 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, useful contacts and cooperation opportunities.

Economic Strategy Styria 2025