News from the business location Austria

Tyrolean startup focus on innovative light-heat paneling

The Tyrolean company HL Innovation has launched "CoPAN”, a new type of panel already patented in Austria, on the market

Austrian research expenditures expected to rise 3.8% to EUR 11.33 billion

Investments for research and development (R&D) in Austria are expected to rise to the record level of EUR 11.3 billion in 2017, comprising an R&D quota of 3.14% according to Statistics Austria. In line with the latest forecast, the share of public financing will climb more than 5% to EUR 4.08 billion.

Austrian biochemist nominated for the European Inventor Award

Biochemist Oliver Hayden developed a test to ensure the reliable diagnosis of malaria together with Jan van den Boogaart of Holland.

Zika Virus: Testing for Austria vaccine begins

A promising vaccine for the Zika virus is now being tested by Themis Bioscience GmbH, a specialized biotech company developing prophylactic vaccines against emerging tropical infectious diseases. After recent progress with the development of a Chikungunya vaccine the company succeeded in swiftly adapting their proprietary vaccine technology for their Zika vaccine program. This program is based on a live attenuated recombinant vaccine that promises a fast and effective immune response.

ABB acquires B&R

The Swiss industrial giant ABB announced the acquisition of Bernecker & Rainer, the largest independent provider focused on product- and software-based, open-architecture solutions for machine and factory automation worldwide.

Rewe bundles CEE business in Austria

Rewe International now manages the food discount retail store chain Penny from Austria instead of Germany as in the past. The operations of about 4,000 outlets in ten countries will now be coordinated form Wiener Neudorf (close to the city limits of Vienna). Total revenue will thus rise to approximately EUR 16 billion. Annual investments will increase to EUR 800 million compared to an average of EUR 400 million.

EUR 700 Million for Vienna

Boehringer Ingelheim is building a new production plant for biopharmaceutical medicinal products, thus creating about 500 new jobs. The total investment volume in the project is close to EUR 700 million (including infrastructure measures).

US-based Founder Institute gears up for Austrian start

The Founder Institute, headquartered in Palo Alto, USA, was founded in 2009 by Adeo Ressi. Today, it boasts presence in over 60 countries and 115 cities -including Germany and Switzerland. The Founder Institute offers a globally proven but also challenging curriculum in support of potential founders. In January this year, three local entrepreneurs Ingrid Winkler, Mehdi Khaled and Roland Moser have been given a nod from the US to establish an Austrian Chapter of the Founder Institute.

3TS Invests in Parsek, European Healthcare IT Specialist

Parsek, providers of healthcare collaboration platforms, has raised a new €2.3m round of funding, led by 3TS Capital Partners, a leading European growth technology investor.

Quantum communication: how to outwit noise

How can one reliably transfer quantum information when the connecting channels are impacted by detrimental noise? Scientists at the University of Innsbruck and the Vienna University of Technology presented new solutions to this problem.

Go-ahead for eleven new research studios

The success model of “Research Studios Austria” has entered the next phase. The Federal Ministry of Science, Research and Economy has provided funding to the amount of EUR 10 million to enable the launch of eleven new research units.

APEIRON Biologics given green light for market approval

The Viennese bio-tech company APEIRON Biologics AG (Apeiron) was given a positive opinion recommending the market approval of its dinutuximab beta for immunotherapy of high risk neuroblastoma from the “Committee for Medicinal Products for Human Use” (CHMP) of the health care authority European Medicines Agency (EMA).

EUR 1.2 million for Parkbob

Parkbob has received a further investment to the amount of EUR 1.2 million. The investors are A1, the Austrian Research Promotion Agency FFG, Austria Wirtschaftsservice (aws) and the Vienna Business Agency

International Semantic Web Conference to be held in Vienna

The International Semantic Web Conference (ISWC) is the premier international forum where Semantic Web / Linked Data researchers, practitioners and industry specialists come together to discuss, advance, and shape the future of semantic technologies on the web,
within enterprises and in the context of public institution.

Rosendahl focuses on a new technology

The manufacturing specialist Rosendahl in Pischelsdorf opened up a development center. It is designed to test facilities in the field of battery production. The new technology should make the company even more competitive.

Log4Real Starts €135 million Vienna Airport Industrial Logistics Campus

German industrial and logistics real estate developer Log4Real has started construction of a 170,000 m² logistics campus on a 30-hectare site close to Vienna Airport for an estimated total investment of €135 million.

RCPE further expands its international network

The Graz-based K1 competence center Research Center Pharmaceutical Engineering GmbH (RCPE) and Process Systems Enterprise (PSE) from London will jointly launch a Centre of Excellence (CoE) which aims to offer a unique combination of model-based technologies and services to pharmaceutical and equipment manufacturers.

Viennese startup incubator Io2 HUB intensifies cooperation with China

The Viennese incubator Io2 HUB focuses on startups in the fields of IoT (Internet of Things) and smart technology. Recently Io2 HUB concluded a cooperation agreement with a Chinese industrial park in Jieyang.

Austria submits more patent applications – ranked 7th in Europe

Austrian companies were among the most diligent researchers in 2016, according to the latest statistics of the European Patent Agency (EPA).

Final Call: MIT EUROPE Conference 2017

In just a short time, prominent representatives of sciences and top-notch researchers of the Massachusetts Institute of Technology (MIT) will gather together in Vienna. AUSSENWIRTSCHAFT AUSTRIA, the foreign trade office of the Austrian Federal Economic Chamber, is hosting the international technology conference on the premises of the Federal Economic Chamber from March 29-30, 2017.

8th Grow East Congress: “CEE Reloaded: Lessons learned from nearly 30 years of transition”

The 8th Grow East Congress gives a forum to policy makers, entrepreneurs and executives active in the countries of Central and Eastern Europe. The Congress offers you the possibility to meet influential people who have been shaping the economies of CEE and learn about their views of the region for the years to come: What are the lessons from nearly 30 years of transition in CEE? How will the region develop in the next years?

New IMP building: International research center opens in Vienna

Boehringer Ingelheim has constructed a new flagship for the “Vienna Biocenter”. Two hundred scientists from almost 40 countries will continue their groundbreaking research

LUKOIL Lubricants: New premium motor oil for Mercedes Benz

Product innovations are at the top of the agenda at LUKOIL Lubricants. The Th lubricant manufacturer based in Vienna has launched a new motor oil on the marketplace as its latest achievement. This special motor oil was developed for the latest engine generation integrated into Mercedes Benz vehicles.

Strengthen SMEs: Labs provide support for technological innovation

Together with five partners from Italy and Austria, Salzburg Research won the Interreg projects Labs.4.SMEs. The objective of the project is to strengthen the cooperation of small and medium-sized firms (SMEs) with labs (e.g. fablabs, digital labs) in order to promote technological innovation.

OGK Zäune launches production in Carinthia

The Slovenian fence manufacturer OGK Zäune invested EUR 1.5 million to build a production hall including an adjacent warehouse, sales and display space.

Mitterlehner/Mahrer: Red-White-Red Card to be made more attractive – launch of a new startup visa

Decision of the Council of Ministers: reduce obstacles for international startups – advantages for university graduates: keep well-integrated professionals in the country instead of educating them at a high cost.

New record achieved in terahertz pulse generation

A group of scientists from TU Wien and ETH Zurich have succeeded in their attempts to generate ultrashort terahertz light pulses. With lengths of just a few picoseconds (one trillionth of a second), these pulses are ideally suited to spectroscopic applications and enable extremely precise frequency measurements to be taken.

Linz: First ever 3D plastic film

Scientists at the Johannes Kepler University Linz are working on ground-breaking research to boost the usability of the 3D scanners and cameras we use every day. Researchers at the Institute for Computer Graphics have developed a new, transparent plastic film sensor that is 0.3 millimeters in size. The film is flexible and can take on any shape and size, making it easier to use on a daily basis.

The Upper Austrian startup GENSPEED® Biotech develops a rapid test system for hospital bacteria and periodontal pathogens

GENSPEED® can be used for both nucleic acid-based, i.e. genetic tests, as well as for protein-based tests. For example, certain bacteria or viruses can be identified quickly or the concentration of various biomarkers in blood or in other sample materials can be determined.

weXelerate: Vienna gets 8,000 m² startup center

With weXelerate, the world’s largest startup hub will be created in the heart of Vienna. Starting in the summer of 2017, the first four floors of the Design Tower will house several hundred startups along with large companies, incubators, venture partners, service and distribution partners, investors and service providers who will be working on new digital business models.

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