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.

planqc: "Austria offers enormous advantages due to its excellent research landscape in quantum physics"

The German quantum computing startup planqc really took off in 2024, winning major contracts and investors. In this interview, CEO Alexander Glätzle reveals what he appreciates about the company’s new facility in Innsbruck and the key role that the well-developed infrastructure for research and development there plays in the company's success.

From research to practical application: Quantum technology in Austria

Research institutions and companies are driving the development of quantum technologies in Austria, thereby strengthening the country's leading role as a business location. Initiatives such as Quantum Austria, featuring € 107 million in investments to strengthen the quantum technology ecosystem, are making an important contribution to this.

Austria in the fast lane in quantum technology

From ambitious startups to extensive government funding programmes: Austria is a promising business location for innovative companies and investors in the field of quantum technology. This enables progress and sustainable growth, a fact which is also demonstrated by successful young companies such as ParityQC, qtlabs and planqc.