Austria is home to several strong technology clusters that provide favorable conditions for investment in high-tech start-ups and research projects, namely information technology, biotechnology, energy and the automotive industry. Technology clusters offer many benefits for investors and startups. They create enabling infrastructure, specialized human resources, access to experts and training institutions, a network of integrated enterprises, and opportunities for joint research and development. Clusters also facilitate the sharing of knowledge and information, the creation of powerful partnerships, and increased companies' competitiveness, making them more attractive to investors.