- Location advantages
- Innovation and digitalisation
Launch of the Climate and Transformation Offensive
The Federal Ministry of Labour and Economy recently launched the first funding track within the context of the federal government’s Climate and Transformation Offensive. The objective is to support the change towards a sustainable and digitalised economy based on renewable energies.
As part of the Climate and Transformation Offensive, industry and SMEs will be supported in implementing a sustainable transformation. The Federal Ministry of Labour and Economy alone will make € 600 million available in the period 2023-2026 in addition to existing initiatives.
The programme is designed to fund projects in three specific areas, namely research and technological development, qualification measures as well as business location and investments. In particular, it targets industrial flagship companies developing technologies as well as startups and SMEs. The focus is on three key sectors i.e., automotive, microelectronics and life sciences. However, other sectors are also eligible to participate. New business location projects and expansion investments will similarly be targeted.
- Read more about funding in Austria.
Austria as a top location for international headquarters12. January 2024
Austria continues to be an attractive business location for international company headquarters – both for well-known firms such as Boehringer Ingelheim, Henkel, Takeda and the BMW Group as well as for young and aspiring companies operating globally. The country maintains its position as a business interface and ideal starting point for subsidiaries in Eastern and Western European countries, the USA and Asia.
Why set up headquarters in Austria?12. January 2024
There are countless reasons that speak in favour of Austria as a location for your international headquarters! Here we present a small selection: the central location, the lucrative market, stability and security, top-notch infrastructure, tax incentives with unbureaucratic processing, the highest quality of life and affordable prices.
Volkswagen relies on Magna Steyr in Graz12. January 2024
The Volkswagen Group is leveraging the know-how and experience of the Styrian automobile manu-facturer Magna Steyr. For this reason, it has assigned the company the task of developing two models for its new American electric-powered car brand Scout. Featuring a contract volume of € 450 million, this represents the largest single development order ever handled by Magna Stey.