News from the business location Austria

Austria supports researchers from all over the world with grants of up to EUR 500,000

Austria aims at further strengthening its dynamic innovation landscape. The Alpine Republic has created a comprehensive funding program entitled “Spin-off Austria”. The new fellowship initiative is designed to appeal to scientists, providing them with up to EUR 500,000 in support to further convert their research results and findings into specific business ideas.

Apeiron Biologics gets a EUR 25 million loan from EIB

The Viennese biotech company Apeiron Biologics will receive EUR 25 million in financing from the European Investment Bank (EIB).

Polymer specialist Rehau invests in Austrian production

The Austrian subsidiary of the German polymer specialist Rehau is expanding its production facility.

The new gold diggers - bitTex involved in cryptomining

The hype surrounding Bitcoins triggered a real digital gold rush, and digging for digital currencies ranks among the newest business models in the IT business.

New robotic system for more precise neurosurgery

The Tyrolean medical engineering company iSYS Medizintechnik has introduced a new type of robotic system for minimally invasive surgery, which is designed to increase the precision of such operations on the brain and reduce time needed for such surgery.

Vienna startup hub weXelerate has 52 startups at its launch

The new Viennese startup hub weXelerate, the largest such facility in the CEE region, will open its doors on September 25, 2017.

Chip producer Infineon: Millions for semiconductor competence center

In the semiconductor plant of Infineon Technologies Austria, energy-saving chip production based on the promising silicon carbide technology is being expanded.

START:IP - Your chance to become an entrepreneur with cutting-edge technology

The university high-tech incubator INiTS is offering top-notch entrepreneurs the opportunity to develop exciting business ideas and innovative products together with outstanding researchers.

“Economist” certifies that Vienna has the highest quality of life

Who would not like to work in one of the most liveable cities in the world? The business magazine “The Economist" once again rated Vienna second in the world in its annual global ranking of the “Most Liveable Cities”.

Swiss foundation provides EUR 1.4 million in support for quantum physics at IST Austria

The Swiss NOMIS foundation is supporting the project “Hybrid Semiconductor – Superconductor Quantum Devices” at IST Austria with a financial grant amounting to EUR 1.4 million over the next four years. The aim of the research work is to develop building blocks for future quantum computers.

Austrian regions strong in research

With a research to GDP ratio of more than 3%, several Austrian regions are vigorously stepping on the gas when it comes to research.

Alantra selects Vienna as its CEE headquarters

The globally operating, publicly listed investment bank Alantra has strengthened its presence in the DACH region (Germany, Austria, Switzerland) and in Central and Eastern Europe (CEE) by opening an investment banking office in Vienna

Anti-theft protection for cash cards “Made in Austria”

Really smart: a so-called “smart secure cover” is designed to protect cash (debit) cards and other data carriers against undesired access.

Blockchain Austria

Blockchain has a decisive influence on the development of the Internet. Now, on the basis of the platform “Blockchain Austria”, Austria is supporting, for example, the setting up of blockchain research platforms, the training of specialized staff and already existing blockchain activities.

Station-free bike-sharing company "ofo" launches in Vienna

In agreement with the City of Vienna, the launch will begin on 27 August 2017 with a one-month long pilot phase in Vienna's second municipal district. During this period, which will last until late September, ofo's bike-sharing service will be available to all users free of charge. Once the pilot phase ends, ofo plans to deploy a full fleet of 2,000 bikes across Vienna.

Austria lures researchers with research tax allowance

Whoever comes from abroad to conduct research in Austria can take advantage of tax benefits.

Potential biomarker discovered for brain tumors in children

After leukaemia, primary tumours of the brain and spinal cord are the second most common forms of cancer in childhood and adolescence. The presence of the enzyme telomerase characterises a particularly malignant subgroup of cerebellar ependymomas and, in addition to the known markers, could provide information that allows a more accurate prognosis and hence also choice of treatment.

Robot colleague recognizes touch

How can robots and people work together without endangering each other? Up until now protective fences have protected people against potential injuries.

Autonomous driving: TTTech programs for Audi

Audi is relying on Austrian know-how, and identified TTTech as its technology partner within the context of its search for the best and most sophisticated safety technology in the field of automated driving.

EUR 280 million for “Silicon Austria“

Austria is getting a new top-notch research center for microelectronics called “Silicon Austria”. EUR 280 million will be invested in the research facility over the upcoming five-year period. The laboratories are located in Graz, Villach and Linz. The Campus Inffeld of the Graz University of Technology will be responsible for overall coordination.

MSD invests USD 220 million in Krems

MSD Animal Health, the animal health division of the American pharmaceutical group Merck, is expanding its production in Austria and taking over the former Baxter site in Krems, Lower Austria.

Top environment for innovations

Austria was given top marks in the latest innovation ranking and is now considered to be ninth in international comparison with respect to its innovative strength.

Austria well on track

Austria invests quite a lot of money in its railway infrastructure compared to other European countries.

Cross-border cooperation agreements

Seven research facilities in Slovenia and Austria are linking their research in the field of material science. A new program is designed to bring scientists and companies together.

Map for the development of nerve cells

The results of a study carried out by IST Austria (Lower Austria), Francis Crick Institute (London) and EPFL (Lausanne) on the organization of nerve cells in the spinal cord during embryo development could be of importance for the future of regenerative medicine. The study was published in the scientific journal Science.

Transmission systems put to the test

The business and scientific communities work hand in hand. AVL and the Graz University of Technology have opened up the world’s most efficient competence center for researching and developing new types of transmission systems.

CBmed competence center cooperates with SAP

Large volumes of data are a challenge, especially in clinical research. The Graz-based K1 Center for Biomarker Research in Medicine (CBmed) developed a new system in collaboration with SAP Health to optimize the processing and evaluation of large-scale and complex clinical data sets.

Dachser Logistics invests in Tyrol

The German logistics services provider Dachser is investing about EUR 6.5 million in new business premises in Stans near Schwaz in Tyrol.

TRA 2018 is looking for projects and ideas for its new Interactive Zone!

The Transport Research Arena will take place in Vienna, Austria, from 16 - 19th April 2018. The Interactive Zone offers the opportunity to present projects, research results and pilots
in addition to the usual conference and the exhibition. Submissions for this Interactive Zone can still be received until 15th September 2017.

The freedom to conduct research

The German-born quantum physicist Hanns-Christoph Nägerl of the University of Innsbruck received the Wittgenstein Award 2017 for ultracold many-body quantum systems. Hanns-Christoph Nägerl is one of the world’s leading quantum physicists in the field of ultracold many-body quantum systems.

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