News from the business location Austria

Med University of Graz: New center for metabolism research

The kick-off for the Integrative Metabolism Research Center at the Medical University of Graz took place.

Austria: Record revenue of EUR 22 billion in life sciences

The life sciences sector in Austria has developed positively. The industry, which already accounts for 6.1 percent of the country’s GDP, generated record revenue of EUR 22 billion, a rise of 17 percent.

Vienna University of Technology: Artificial intelligence - park a car with twelve neurons

At the Vienna University of Technology, natural neural networks were used as the role model for programming artificial intelligence.

Investment of millions in the payment startup Bluecode

The Tyrolian mobile payment startup Bluecode secured EUR 11 million in growth capital in a round of financing, after having announced a cooperation agreement with Alipay, the world’s largest provider of mobile payment service.

Breakthrough Prize given to the Austrian molecular biologist Angelika Amon

The molecular biologist Angelika Amon of the Howard Hughes Medical Institute at MIT in Cambridge, USA will receive one of five Breakthrough Prizes in Life Sciences.

Vienna Stock Exchange will launch new market segments

On January 21, 2019, the Vienna Stock Exchange will begin new market segments.

Six-digit FFG Funding for the Viennese Startup DerButton

The Vienna-based startup DerButton was granted six-digit funding within the context of the AT:net program of the Austrian Research Promotion Agency FFG thanks to its SaaS solution for self-employed people.

Phagomed: Comeback of bacteriophages

The Viennese biopharmaceutical company Phagomed is working on a comeback for bacteriophages as a weapon to be used against bacterial infections.

High tech telescope to view outer space

The Upper Austrian company Astro Systems Austria (ASA) builds high-end telescopes for the global market.

Finabro honored as the Startup of the Year

The Austrian digital financial advisor Finabro, offering fully automated asset management, from saving programs for children to occupational pension plans, was rated highly by the Central European Startup Awards (CES Awards).

Business Location Austria: new corporate headquarters more than double the number leaving the country

Close to 380 corporate headquarters of international companies exist in Austria at the present time, and the trend is pointing upwards.

Startup financing doubled in Austria

In the first half of 2018, the amount of publicly known startup financing has more than doubled.

Octapharma invests EUR 142 million in its Viennese facility

The pharmaceutical group Octapharma is massively expanding its business operations in Vienna.

Interxion Expands Viennese Computer Center Campus Date gateway for the CEE region – Millions of euros invested in the Austrian site – Expansion of the digital architecture

Interxion has been active in Vienna as a data center operator for about two decades and has invested more than EUR 100 million in its computer center campus over the last five years alone.

How long does a quantum leap take?

Due to its negligible effects, a quantum leap in physics is extremely difficult to observe.

“Nature Index” considers Austria to be an aspiring knowledge-based nation

The current “Nature Index” rates Austria’s research system as being one of the most dynamic in the world.

Artificial intelligence: Austria is strong in implementation

A new study carried out by the Boston Consulting Group (BCG) came to the conclusion that the gap between the trendsetters in the field of artificial intelligence (AI) and the rest of the world is increasing from year to year.

More funds allocated for startup programs in Austria

Austria is taking a further step to create an attractive environment for the lively startup scene.

Infineon Austria further expands development center in Graz

Infineon recently celebrated the 20th anniversary of its Development Center Graz which is currently being expanded.

Amazon opens its first logistics facility in Austria

The first Amazon trucks are already underway in Vienna.

Pioneers co-founder Tschas heads new Austrian Digitalization Agency (DIA)

The head of the new Austrian Digitalization Agency (DIA) operating with the auspices of the Austrian Research Promotion Agency FFG was introduced at the FFG Forum 2018 (the organization’s annual event).

Austria’s researchers surpass the “Horizon 2020” billion euro threshold

Researchers working in Austrian universities, research facilities and companies have already been able to procure more than EUR 1 billion in funding within the context of the EU’s “Horizon 2020” research program.

“Atypical” virus discovered to be the driver of certain kidney diseases

An international research team led by Wolfgang Weninger, Head of the Department of Dermatology at the Medical University of Vienna, has discovered a previously unknown virus that acts as a "driver" for certain kidney diseases (interstitial nephropathy).

Medical University of Vienna: Pioneer and drive of the digital revolution in ophthalmology

Around six years ago, high-resolution optical coherence tomography (OCT) was developed at the Medical University of Vienna.

Economic upturn in Austria continues

In contrast to the entire Eurozone, the economic upturn in Austria has hardly slowed down at all, featuring an economic growth rate of 0.7 percent in the second quarter of 2018 (compared to 0.8 percent in the first quarter).

Boehringer Ingelheim acquires Tyrolean biotech company ViraTherapeutics

Thanks to yet another large investment, Boehringer Ingelheim is strengthening Austria’s position as a research location and has acquired a 100% stake in the Tyrolean biotech company ViraTherapeutics for EUR 210 million.

September 12-14, 2018: 1MillionStartups Global Conference in Vienna

The Viennese startup hub weXelerate is hosting the very first 1MillionStartups Global Conference from September 12-14, 2018.

Hektar Nektar: Funding for bee start-up

The founders of Hektar Nektar have an ambitious goal, namely to counteract the death of bees with an online platform, and significantly strengthen the bee population in Germany and Austria on the basis of 100,000 new beekeepers.

Agreement signed for Silicon Austria

The contractual agreement for the new "Silicon Austria" research center was signed in advance of the Alpbach Technology Symposium.

New law to facilitate research planning

According to a decision of the Council of Ministers, Austria should pass a research financing law in the spring of 2019 enabling improved research planning.

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