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News from the business location Austria

Central European University launches EMBA for the Open World

With the opening of its Vienna campus, CEU is launching a thoroughly redesigned Executive MBA.

Unexpected role of mTORC2 protein in colorectal cancer

New results from researchers at the Centre for Pathobiochemistry and Genetics at the Medical University of Vienna show that a protein called mTORC2, which is the target of newly developed cancer drugs, is not even active in colorectal cancer.

New Ressel Centre supports companies in optimising logistics networks

In cooperation with the BMW Group and HOFER KG, the new Josef Ressel Centre at the University of Applied Sciences Upper Austria Campus Steyr will carry out research until the end of 2023 on developing a monitoring tool to achieve close to real-time visualisation of value networks.

RUAG Space and TTTech partner to provide electronics NASA Lunar Gateway

Space supplier RUAG Space and high-tech company TTTech are offering high-performance data exchange electronics for Lunar Gateway modules – in time for the ARTEMIS Mission challenge in 2024.

Lukoil: Sustainability strategy as an overall concept

At LUKOIL Lubricants Europe GmbH in Vienna, climate protection and sustainability are top priorities - ship moorings and green electricity were just the beginning.

High-quality LED module “Made in Austria“

BILTON International is the specialist for high-quality and long-lasting LED lighting solutions. The company was established in Saalfelden in the federal province of Salzburg in 2009.

FAIRTIQ: Swiss startup continues its successful expansion in Austria

The Swiss startup FAIRTIQ enables the simple use of public transportation based on an innovative App without the need to have to worry about a ticket.

IFG Asota invests EUR 1.3 million in forward-looking fibre production at its Linz facility

The international fibre manufacturer International Fibres Group (IFG) is increasingly relying on its Asota facility in Linz.

Chinese vehicle giant puts the Upper Austrian business location on the international fast track

FAW Jiefang, one of the biggest Chinese utility vehicle producers, will form a strong economic hub in the future in cooperation with the Federal Province of Upper Austria.

Virtual Vehicle gets Infineon and voestalpine on board

With Infineon and voestalpine, two further domestic global players are participating in the Styrian think-tank Virtual Vehicle.

Opening of LIT Secure and Correct Systems Lab

According to current studies, the direct costs incurred by companies as a result of malfunctioning systems triggered by ransomware such as “WannaCry” or “Petya/NotPetya” total up to USD 5 billion annually.

Hadean Ventures invests in Austrian Biotech Themis Bioscience

Earlier this fall, Hadean Ventures announced the fund’s investment into Themis Bioscience. The financing, a USD 40m round, was co-led by Hadean Ventures together with US asset manager Farallon Capital.

A smartphone keyboard for the blind

A special mobile phone keyboard developed by the Vienna University of Technology enables blind people to type in texts on their smartphones.

Cooperation of business and science: two new Christian Doppler laboratories at the Graz University of Technology

Two new Christian Doppler (CD) laboratories were opened at the Graz University of Technology at the end of September, enabling the production of proteins and high-quality plastics in an efficient and cost-effective manner.

Silicon Valley startup Sentry carries out development work in Vienna

Vienna is an important business location for the Silicon Valley company Sentry.

Well-being comparison: Austria among the top ten worldwide

Austria is doing quite well. It was ranked eighth overall and thus among the top ten of those countries in the world with the highest level of well-being of its population.

Biodegradable street lighting

Safe streets on the basis of smart, biodegradable lighting: the Austrian startup Insolulight develops signalling lamps which, for example, are installed at zebra crossings and are turned on synchronously with traffic lights.

Vienna University of Technology involved in developing a nuclear clock

A revolution is in the making. The nuclear clock is the measure of all things when it comes to precisely telling time. However, the technology has not fully matured, and nuclear clocks could potentially tick even more precisely.

Heat protection for Ariane 6 rockets “Made in Austria”

In the future, the Austrian company RUAG Space, a leading provider of products for the aerospace industry with a growing presence in the USA, will produce thermal insulation for rockets. More specifically, it will supply heat protection for the thrusters of the Ariane 6 launch vehicles which will put European satellites in the Earth’s orbit starting in the year 2020.

IFG invests EUR 1.3 million in a development centre

The International Fibres Group (IFG) is investing EUR 1.3 million in forward-looking fibre production at its Austrian site in Linz i.e. IFG Asota. Accordingly, this further expands the role of IFG Asota as a development centre for the entire IFG Group.

Honeypot launches business operations in Austria

Honeypot, the portal for IT specialists, plans to open an office in Vienna and wants to offer easier access to software developers and other specialists to companies in Austria. In the light of the shortage of skilled employees, Honeypot has redefined the field of job placement, so that companies have to apply to Honeypot for IT talents.

Startup AQT makes quantum computers accessible

The Innsbruck-based quantum computer spin-off Alpine Quantum Technologies GmbH (AQT) is making its hardware available to researchers and industrial partners. The Tyrolean high-tech quantum computer can now be used with the programming framework for quantum computers, Cirq, which was developed by Google.

ERC Starting Grant for molecular biologist in Innsbruck

The molecular biologist Jerome Mertens received a Starting Grant of the European Research Council (ERC) for his research into understanding the molecular and cellular causes of aging, especially brain aging and molecular cell biology of Alzheimer's disease in nerve cells.

Atoms as catalysts

Researchers at the Vienna University of Technology incorporate individual metal atoms into a surface in the right way, thus allowing their chemical behaviour to be adapted.

IAC plans a production facility in Burgenland

The automobile component supplier International Automotive Components Group ("IAC") plans to establish a development and production facility in Austria.

Oh, Vienna: Vienna remains the most liveable city in the world

Vienna is a good place for people to live and work.

Publicly listed companies invest more in R&D

Companies based in Austria are continuing to make massive investments in research and development.

Pfizer builds international quality control centre in Austria

A total of EUR 50 million is being invested in the construction of a new laboratory for an international quality control centre for vaccines, as well as the construction of modern office space and the modernisation and expansion of the existing infrastructure for vaccine production.

Fight against cancer: New biosensor of the University of Innsbruck

Kinases are enzymes which enable chemical processes in cells.

Easy Softwareprofits from the Austrian digitalisation market

The German IT company Easy Software sees considerable potential in Austria and plans further investments at its sites and specialised employees.

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