The Austrian Recovery & Resilience Plan consists of measures designed to tackle the Covid-related economic crisis. The plan is divided into four main pillars:
1) Sustainable construction
2) Digital construction
3) Knowledge-based construction
4) Fair construction.
A policy within the third pillar of the plan consists in supporting strategic innovation.
This third pillar of the plan consists of:
- Financing research
- Financing reskilling and further education
- Financing education
- Supporting strategic innovation
It includes a EUR 250 million budget for two IPCEIs (Important Project of Common European Interest) programmes for cross-border cooperation on innovation, with EUR 125 million EUR for each programme:
- IPCEI microelectronics and connectivity
- IPCEI hydrogen.
The objectives of these IPCEIs are to secure a strategic autonomy in these areas and to support innovation and businesses in these sectors.