A STRONG FOCUS ON RESEARCH AND DEVELOPMENT
Of vital importance for the sustainable development of the business venue Saxony are research and development. In a European comparison, Saxony has already gained an excellent position here. In fact, Saxony has been repeatedly listed as one of the “Innovation Leader” regions in the EU’s “Regional Innovation Scoreboard.”
This is not a coindicidence. – The proportion of R&D expenditures of the gross domestic product (R&D intensity) has been increasing by a total of 16 percent since 2005. With a proportion of 2.66 percent, Saxony ranks seventh among the German federal states.
It is, in particular, the region around Saxony’s state capital Dresden which is able to score points here at a European scale. With a 3.24 percent share in the GDP, the NUTS 2 region Dresden is one of European Top regions which exhibit an R&D intensity of more than 3 percent.