Invest in The Basque Country

Basic guide to labour, commercial, accounting and tax regulations

Sayma SPRI
R&D and Innovation2019-05-14T17:35:12+02:00

R&D and INNOVATION

The European Innovation Indicators Panel (EIS), which measures the degree to which the economies of countries have the capacity and carry out innovation activities, puts the Basque Country at a level of countries with high innovation in Europe.

Committing to innovation is the hallmark of the Basque Country, a commitment that has brought it recognition and resources in Europe. In addition to being the autonomous community that devotes the highest percentage of its GDP to R&D, 1.89%, its scientific-technological and business capacities have put it at a level of countries with high innovation in Europe. Among the indicators that appear in the EIS panel, the Basque Country stands out in three dimensions compared to the European average: Human Resources, Links and Entrepreneurship, and Research Systems.

The Basque Country has both the scientific and technological potential required and linked to a recognised business infrastructure to focus its efforts and become world leaders in terms of some of the priorities identified as strategic.