Major investment in the life sciences and pharmaceutical location of Austria

The research funding programme Austrian Life Sciences is designed to advance applied research conducted in the business location of Austria. Life sciences and pharmaceutical companies are supported in their R&D activities along the entire development path. On balance, € 50 million has been made available for the programme. Eleven projects with funding of € 11.5 million were already approved in 2022.

About € 40 million is still available in 2023 for other projects. This initiative will strengthen the Austrian business, research and production location and reduce dependencies on suppliers.

Austria features a broad-based, well-positioned life sciences and pharmaceutical sector. About 1,000 companies operate in the sector, generating record revenue of € 25.1 billion in 2020. On balance, life sciences accounts for more than 7% of Austrian GDP, and is one of the country’s most important employers, with a workforce of more than 60,000 people.

Austrian Life Sciences targets companies and players in university and non-university research as well as universities of applied sciences. Funding is designed for research projects devoted to the development of medical products and pharmaceuticals as well as digitalisation in the healthcare sector.

Learn more about the Life Sciences sector in Austria

Takeover of TU Wien spin-off Cubicure by Align Technology confirms Austria's research spirit and attractiveness as a high-tech location

11. April 2024

Cubicure is a true pioneer in the development of advanced 3D printing systems which also enable the manufacturing of medical devices. The two founders - Robert Gmeiner and Jürgen Stampfl – explain how the successful spin-off Cubicure emerged in March 2015 from a research idea at the Vienna University of Technology and why Austria was the perfect location for establishing the company.

Austria’s Medical Technology Sector on the Upswing

11. April 2024

In an era featuring rapid technological progress, the medical technology industry in Austria has proven to be a key factor underlying innovation, economic growth, and social progress. Austria is a key player in the field of medical technology, reflected in groundbreaking developments in 3D printing and the country’s strong focus on exports.

World-class Research at the Medical University of Vienna

11. April 2024

The Medical University of Vienna conducts research at a world-class level in fields such as precision oncology and bionic reconstruction. Construction of the Eric Kandel Institute – Center for Precision Medicine and top spots in global rankings underline the university’s role as a pioneer in life sciences research.