Significant Increase in Patents Recorded in Austria Last Year

Vienna: 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 Emirates News Agency, the country has returned to a growth trajectory following two years of decline.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.