Newsletter registration

By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Where Your Profits Grow Sky High.

Austria: Record revenue of EUR 22 billion in life sciences

cover Life Science Report Austria © LISAvienna

More than 900 companies (a rise of 11 percent) with a staff of close to 55,500 employees already operate in the sector. This was the conclusion of the Life Science Report Austria 2018, compiled by aws Austria Wirtschaftsservice on behalf of the Ministry for the Federal Ministry of Digital and Economic Affairs.

About EUR 290 million in fresh capital was injected into biotech companies in 2017. Revenue of the 127 biotech startups amounted to approx. EUR 313 million. The study was carried out for the first time since the initial study took place in 2014. At that time investments, funding and loans amounted to about EUR 87 million, and revenue was at EUR 198 million. The lion’s share of financing came from venture capital investors. Biotech firms raised about EUR 137 million in risk capital in 2017, comprising a three-fold increase compared to the year 2014. “In past years Austria has established itself as an internationally respected location for companies along the entire value chain. This dynamic development is also reflected, for example, in the extensive interest displayed by international companies which want to cooperate with national players”, says aws Managing Director Bernhhard Sagmeister.

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin

Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • Meet us in Minsk

    18.03.-21.03.2019, Minsk, Belarus

  • Meet us at: Day of the Regions of the Russian Federation in the WKÖ

    25.03.2019, Vienna, Austria

Austria Map

Find the perfect location for your company

We are lucky to benefit from a lot of reserach incentives here in Austria. We are very proud to be here as Austria is an ideal location for research.

TachoEASY Austria

Logo
More testimonials

news from the business location Austria

Futurebuilt opens subsidiary in Vienna

The consulting company Futurebuilt of Swiss-born Alexander Ramseier opened up a branch office in Vienna.

Austria as a Trailblazer for the Circular Economy

For years the idea of the circular economy embodies the vision of an economy with controllable resource consumption. Pioneer work was carried out, for example, by the European Union with its “Circular Economy Package”. This creates the foundation for enabling (secondary) raw materials to remain in the economic cycle as long and efficiently as possible. This can be done if attention is paid to economical raw material use, durability and repairability and reusability at the beginning of the value chain, and that the materials can be optimally collected, sorted and recycled after their use.

More news All blog posts