News from the business location Austria
Austrians conduct research in New York on low-priced vaccine
Two Austrians are conducting research in New York on a vaccine against the coronavirus which is designed to be available at a particularly low price and also be easy to dispense.
ViennaUP ´21: Largest startup event in Central Europe
The largest startup event in Central Europe will be held between 27 April and 12 May 2021.
Bitpanda becomes a unicorn
The Viennese crypto fintech company Bitpanda is the very first Austrian startup to officially become a unicorn i.e., a company featuring a valuation of over $1 billion.
Usage on demand instead of ownership
GO Sharing is launching its mobility offering in Vienna and will offer customers the possibility to rent out electric-powered mopeds.
Codecool expands to Austria
Codecool is continuing its expansion drive in Europe.
World market leader for industrial robots invests in Vorchdorf
FANUC, the Japanese world market leader for industrial robots, will construct a new distribution and service office for the entire country in Vorchdorf, Upper Austria.
DB Schenker builds a new logistics warehouse in Klagenfurt
The German logistics company DB Schenker is investing € 5 million at its Klagenfurt facility to construct a new logistics hall with a total area of more than 4,900 square metres.
FH JOANNEUM and the Medical University of Vienna bring a new EU dementia research project to Austria
As the life expectancy of the global population increases, the number of people who develop dementia also increases.
New location for medical research and teaching
The Austrian Federal Real Estate Company (Bundesimmobiliengesellschaft) and the Medical University of Vienna are building a state-of-the-art facility for medical research and teaching on an area covering 35,000 m² in Vienna.
Lidl to invest € 54 million in Austria by 2024
Lidl Austria expanded its storage and logistics centre in Upper Austria by adding 3,250 square metres in only seven months of construction time.
aws Innovation Protection: New offering - Green.IP
The Austria Business Service (Austria Wirtschaftsservice Gesellschaft mbH - aws), the funding bank of the Austrian Federal Government, supports companies with its Innovation Protection Initiative.
Fintech CASHY receives millions in investments
The Viennese software platform digitalises the traditional valuation of movable objects of value for lending with short-term loans or direct purchase.
Startups can rely on a high readiness to invest
Business Angels made a disproportionately high amount of funding available to startups in the year 2020.
Mars mission with space technology made in Austria
After a journey through outer space lasting about seven months, the NASA Mars rover “Perseverance” landed on the red planet on 18 February 2021.
Using ultrasound to track microplastics
Microplastics have become an environmental problem across the globe. It accumulates in the seas and is absorbed by animals.
Visplore makes complex data understandable
The Viennese startup Visplore enables the intuitive analysis of Big Data for Industry 4.0 and the energy industry.
The next battery generation is (also) being created in Graz
The German battery company VARTA is conducting research today into how next-generation batteries will function in ten to 20 years.
Canva acquires Viennese startup Kaleido
The Viennese startup Kaleido AI achieved one of the biggest exits in Austria’s startup history.
COVID-19 vaccine from Tyrol
CureVac N.V., a global biopharmaceutical company, will cooperate with Novartis to produce CVnCoV, the vaccine candidate developed by CureVac, in the Austrian town of Kundl starting in the summer of 2021.
OMV and Kommunalkredit invest in the production of green hydrogen
The Austrian oil and gas company OMV and Kommunalkredit Austria AG (Kommunalkredit) have announced a joint investment in the construction of Austria’s largest electrolysis plant to be located in the OMV Schwechat Refinery.
Rising Star ISTA: Success story of top-level research
The Austrian Federal Government laid the foundation for the Institute of Science and Technology Austria (IST Austria) in Klosterneuburg exactly 15 years ago.
Autonomous whatever the weather
A test project in Upper Austria focuses on making autonomous freight traffic suitable for every kind of weather.
Upper Austria remains attractive for business location projects
The Federal Province of Upper Austria also proved to be a magnet for business location projects during the coronavirus crisis.
Ventus Cloud expands to Austria
Ventus Cloud headquartered in Tuggen near Zürich has opened up a subsidiary in Austria.
EU battery initiative with Austrian participation
Six Austrian companies have been included in the European battery initiative EuBatIn.
SGS Institute Fresenius opens a diagnostics laboratory in Tyrol
The SGS Institute Fresenius opened a new centre for molecular diagnostics in Wörgl, Tyrol in Austria.
European Startup Prize for mobility
Four startups focusing on the field of sustainable and intermodal mobility were awarded the Gold Prize at this year’s European Startup Prize for Mobility (EUSP).
The future of competency-based trainings
Research Studios Austria Forschungsgesellschaft (RSA FG) has commenced a strategic cooperation with Noldus Information Technology BV of the Netherlands to develop new training systems.
Digital founding made even easier
The founding of sole proprietorships (one-person companies) in Austria has been simplified.
Travelling to Austria during the pandemic
Several groups of people are still allowed to enter Austria in spite of the COVID-19 pandemic. However, what needs to be taken into consideration depends upon the country from which someone wants to enter Austria, the individual’s nationality and his or her family situation.