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.

  • Research and Found Your Company in Austria

    29.01.2020 / 16:30 - 18:00, Zurich, Switzerland

  • New Year's Reception

    29.01.2020 / 18:00, Zurich, Switzerland

Austria Map

Find the perfect location for your company

Inspite of higher labor costs, the productivity of Siemens Villach is comparable to other Siemens susidiaries in Japan or the USA.

Siemens Austria

Logo
More testimonials

news from the business location Austria

Turbocharger for the business location

The new Austrian Federal Government is committed to strengthening the economy, as shown in its programme, and has incorporated numerous measures to enhance the viability of Austria as a business location.

The new research allowance in Germany – in competition with the Austrian research tax credit?

Companies carrying out research and development in Austria have the possibility to apply for research funding, namely the so-called research tax credit. In an international comparison, the Austrian research tax credit is a recipe for success and is designed to showcase and enhance the attractiveness of Austria as a research location. The successive increase in the research tax credit from the original level of three percent in 2002 to 14 percent at present has made a massive contribution to this success.

More news All blog posts