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 is a "Strong Innovator" among the European regions (Source: EU’s “Regional Innovation Scoreboard 2019”).
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 almost 20 percent since 2005. 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 3.96 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.