Our Blog
PHIOS GmbH
Since 2007 PHIOS has accompanied well-known companies in the implementation of particularly challenging and complex software projects. At the beginning of May 2022, the Liechtenstein company opened its Vienna location. From here, the Austrian market is to be built up and neighboring countries in the east are to be worked on. The managing director is …
Success Stories
NFT and Blockchain Hub Austria: Austria as an Attractive Location for Innovation
In the meantime, crypto assets and the blockchain technology are no longer a peripheral phenomenon. More than a decade has passed by since the release of bitcoin in the year 2009 and crypto assets and the underlying technology are continuing their advance despite the many doubters. The recent past has shown that businesspeople enjoy a favourable environment …
The New Business Support Act
(Neugründungs-Förderungsgesetz - NeuFöG)
The New Business Support Act was translated to English.
Read about the most important changes or get the entire translation.
Diversity is so much more than achieving gender parity
Our goal must be to achieve equal representation of men and women, ideally with more than one backdrop. Gender equality will always be presented as a kind of slow and painstaking process which can seemingly only achieve one thing – man or woman, black or white, people with or without disabilities. Why is this the case? There is not only one type of …
The Flexible Corporation
For quite a while already there have been calls for a reform of company law. Part of this reform is expected to entail the introduction of a new type of company which will be characterised by flexibility and simplifications compared to the existing ones.
The eco-social tax reform 2022: Overview of the planned changes
Following the announcement of the key elements of the 2022 tax reform by the government on 3 October 2020, the legislative drafts entailing the detailed statutory provisions of the planned tax reform have recently been published. The following overview summarizes the main elements of the planned changes:
Business Formation, Legal & Tax Aspects
Austria's Advantages
IPCEI on Microelectronics – NXP Contributes Security Technology
Important Projects of Common European Interest (IPCEI) are large-scale innovation programmes in which several EU member states participate. They are designed to sustainably strengthen European value chains in critical technology sectors. Microelectronics comprises one such key technology. Within the context of the IPCEI on Microelectronics, NXP Gratkorn …
Alfred Ritter GmbH & Co. KG
Alfred Ritter GmbH & Co. KG was founded in the Swabian town of Waldenbuch in 1912. The family-run company known for its popular chocolate brand Ritter Sport employs a staff of about 1,650 people. With over 40 different varieties of chocolates sold in more than 100 countries cross the globe, Ritter Sport offers the right chocolate to suit every taste. …
Success Stories
Fidia Farmaceutici S.p.A.
Fidia Farmaceutici, an Italian company from Abano Terme (Padua) specialises in pharmacological solutions for joint care thanks to its hyaluronic acid-based product portfolio for intra-articular injections. It recently established a subsidiary and opened a branch office in Austria, namely Fidia Pharma Austria GmbH headquartered in Vienna.
Success Stories
Digital Infrastructure: Growth Driver of the Future
In a networked world, business location decisions by companies are increasingly made on the basis of the available data infrastructure. Interxion, international expert for connectivity and server housing, recognised this development early on. The firm has been intensively working on solutions designed to strengthen the national IT infrastructure for …
Innovation and Digitalisation
Lynus – the software for the enegery-optimized building of the future.
The business location Austria offers innovative businesses such as Lynus the right platform, a modern environment, and highly skilled workforce in order to use complex IOT solutions with ease. Additionally the desire of a lot of Austrian companies to minimize their CO2 footprint in a sustainable way, appeals very much to our business model.
Could cleantech help reduce Austria’s emissions?
Austria aims to achieve carbon neutrality by 2040 - 10 years earlier than the ambition set by the EU. With its scalability and its ability to be rapidly implemented, clean technology like BrainBox AI could be the key to achieving ambitious emissions reduction targets such as Austria's.
Forschung und Entwicklung
Innovation und Digitalisierung
Keepers Child Safety GmbH
Keepers Child Safety was founded in Israel in late 2016 to answer the growing need to protect children wherever they play in the digital world. The cyber-tech startup - with currently over 20 employees - has developed proprietary AI and ML technology to monitor, detect and protect kids from toxic conversations (bullying, harassment, racism,..) on their …
Success Stories
Corona Tracking: New Encryption Technology Ensures Data Protection
The “Corona Heatmap” developed by the Know-Center and the Graz University of Technology shows where people who tested positive for the coronavirus were before the diagnosis i.e., the precise location where they got infected. In this way, conclusions can be drawn about coronavirus hotspots. An innovative process the interface between cryptography …
Innovation and Digitalisation
Austria in upheaval: Why data center space in Vienna is a sought-after commodity
The data center market in Austria, especially in Vienna, is currently growing rapidly. Despite its current total area of 5,600 m², our Vienna 1 Data Center has reached its capacity limit. Many new interested parties – but also existing clients – are eagerly awaiting the expansion of the data center.
Innovation und Digitalisierung
Standortvorteile
VIRNECT CO., LTD.
Virnect was founded in the year 2016 with the objective of developing and making available user-friendly, value-creating augmented reality software solutions for applications in all areas of industry. The focus of its product development is providing optimal support to customers seeking greater efficiency and security at the workplace. Virnect established …
Success Stories
360° Certification for Artificial Intelligence
A new initiative for trustworthy artificial intelligence (AI) was launched in Styria. Within the context of a strategic partnership, the Know-Center, SGS, the Graz University of Technology and the University of Graz will research and develop efficient and independent test methods and testing technologies for AI systems.
Research and Development
Innovation and Digitalisation
Compleo Charging Solutions AG
Active in the sector since 2009, Compleo expanded to Austria at the beginning of 2021 as part of a cooperation with KSW Elektro- und Industrieanlagenbau (KSW). Now Compleo has set up a subsidiary in the Greater Vienna area as the next logical step in enhancing its sales capacities in the steadily growing Austrian market.
Success Stories
4 Reasons for Evaluating Austria as the First Step for Internationalisation of Your Startup
Just recently the latest edition of the Austrian Start Up Monitor was published. The report, once again, shows that Austria has a very dynamic founder scene. Just think of Prescreen, mySugar, Bitpanda or Bitmovin; Austria has spawned numerous, internationally well-known flagships within the startup community.
Business Formation, Legal & Tax Aspects
Austria's Advantages
Bosch successfully pushes ahead with innovations in Austria
As a leading global supplier of technology and services, the Bosch Group offers technology that is “invented for life”. Thanks to its products and services that are innovative and spark enthusiasm, Bosch improves the quality of life for people worldwide. The innovative strength of the company is the basis for future growth.
Research and Development
Innovation and Digitalisation
Austria's Advantages
OnlineDoctor
OnlineDoctor is a healthcare startup founded in St. Gallen, Switzerland in 2016 and the leading teledermatological platform in the DACH region. Patients can receive a professional assessment of a skin problem from a medical specialist for skin and sexually transmitted diseases within a period of 48 hours on the basis of images which have been submitted …
Success Stories
How automation is changing expenditure management
It has become established practice in the last few years to describe the future with version 4.0. This number refers to the various eras of economic history. The biggest turning point in this development was the first Industrial Revolution which took place towards the end of the 18th century. At that time mechanisation enabled a tremendous expansion …
Innovation and Digitalisation
The human element in digitisation- When Your Employees Make Use of Industry 4.0 Data
Data and digitisation have been crucial issues in both the industry and economy for many years. No specialist journal or congress could be imagined without such buzzwords as big data, industry 4.0, artificial intelligence (AI) and many more. There is a general consensus that the future belongs to those companies that understand how to best use their …
Speech Recognition Technology from Austria: Philips Speech as a “Hidden Champion”
Speech technology is a growth market. Philips Speech, the global market leader in professional speech to text solutions, is the “Hidden Champion” in this segment, highly active in this area, and has been for decades. Philips supports more than four million customers in 40 countries from its headquarters and production facility in Vienna-Favoriten. …
Tecnologia di riconoscimento vocale dall’Austria: Philips Speech come " Hidden Champion"
La tecnologia di riconoscimento vocale è un mercato in forte crescita. Philips Speech, numero 1 a livello mondiale nelle soluzioni professionali di dettatura e trascrizione, già da decenni è molto attivo come "Hidden Champion" in questo settore. Dalla sua sede centrale e dallo stabilimento di produzione di Vienna, nel quartiere di Favoriten, serve …
Innovazione e Digitalizzazione
Rosinger Group
The Rosinger Group is an internationally successful financial group with a long history, which is active in the business areas of “own investments” and “highly specialised consultancy services”.
Success Stories
Rosinger Group
«Rosinger Group“ – это зарекомендовавший себя в течении многих лет и преуспевающий в мировом масштабе финансовый концерн, работающий не только в сегменте «собственные инвестиции», но и в области предоставления …
Shared Mobility in Austria!
"A green planet with mobility from everyone, for everyone" has continuously been the motto of GO Sharing.
Innovation and Digitalisation
Support measures for companies affected by COVID-19
To stimulate the economy, either new programs may be established as a result of the draft law or existing support programs (e.g. aws, ÖHT) will be expanded. All measures introduced are intended to be applicable immediately and will be in force until the end of 2020. The measures currently introduced include the following areas:
Austria's Advantages
Digital Hidden Champions in Austria
Hidden champions are successful companies that are typically not recognized as such by the population at large as they are selling their products to other companies. They do not produce consumer products, but they create components that are necessary for those products to exist. Austria is known to have quite a few of these companies but it’s easy …
Innovation und Digitalisierung
