This entails a shift from input targets to a greater focus on the impacts of R&D and other innovation activities and an emphasis on excellence throughout the research and innovation system. It will also be necessary to further strengthen links between science and industry with more ambitious goals, while linking R&D funding more closely to societal challenges and “missions”. The new RTI Strategy should aim at utilising European funding by framing Austrian priorities within broader complementary European thematic areas. Identifying Austria’s priority societal challenges will help in this regard. The new RTI Strategy should also be linked with initiatives at the state level so as to make best and coherent use of the resources of the federal and state governments.