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News from the business location Austria

First programmable quantum sensor

Physicists led by Peter Zoller and Thomas Monz at the University of Innsbruck have designed the first programmable quantum sensor and tested it in the laboratory. To do so they applied techniques from quantum information processing to a measurement problem. The innovative method opens up new prospects for quantum sensors whose precision will be close to the limit set by the laws of nature.

Speed limit for computers detected

The maximum speed of signal transmission in microchips is about one petahertz (one million gigahertz), which is about 100,000 times faster than current transistors.

High-speed broadband Internet on the advance

Austria continues to promote the expansion of broadband services. At present, the second “broadband billion” is now available. Elisabeth Köstinger, Federal Minister of Agriculture, Regions and Tourism with responsibility for the field of telecommunications, released the first tranche of € 600 million from the total funding of € 1.4 billion.

Italian startup ready for the Austrian market

The Italian startup Viceversa is ready to make the leap into the Austrian market.

Billion euros in investments by Boehringer Ingelheim

The pharmaceutical company Boehringer Ingelheim will build a new plant in Bruck an der Leitha, Lower Austria. About € 1.2 billion will be invested in the production facility, creating more than 800 jobs. Austria beat out sites in the USA, Germany and Spain. In October 2021, the company already concluded the largest single investment in its history, opening a state-of-the-art plant in Vienna designed to manufacture biopharmaceutical substances.

New centre for cutting-edge research

A new player has emerged in the Austrian research landscape.

On the path towards a robust laser

In materials research, considerable progress is made by exploiting insights from the field of topology, whose role has also become increasingly important in physics in recent years.

Top ranking for a young university

The Medical University of Graz founded in 2004 has succeeded in gaining a top ranking and was rated among the 20 best young universities in the world.

CURSOR establishes a subsidiary in Austria

CURSOR has further expanded its sales activities in the DACH region by founding a subsidiary in Austria.

Berlin-based e-bike subscription servicer launches operations in Vienna

The e-bike subscription service company Dance has added Vienna to the cities in which it operates.

Hormone replacement therapy slows down the cellular ageing process

A research group at the University of Innsbruck has shown that combined hormone replacement therapy for women carried out after their menopause slows down epithelial cell aging.

New AI sensor technology for autonomous driving

In order for driving assistance and safety systems in modern cars to perceive their environment and function reliably, they rely on sensors such as cameras, ultrasound and radar.

Graz-based startup Invenium cooperates with Telefónica Germany

At the beginning of 2022 Invenium Data Insights succeeded in actively entering yet another market thanks to its partnership with Telefónica Germany.

Infracapital invests in the Austrian fibre optic network

Infracapital is introducing a new fibre optic platform for Austria.

Berliner fintech startup gets going in Austria

The company credit card startup pliant is expanding to Austria, the first foreign market for the Berlin-based fintech company.

Atos Austria invests € 7 million

The technology company Atos Austria is relocating its head office to the IZD Tower in Vienna and investing about 7 million in the design of its new corporate headquarters.

Graz University of Technology implements novel brake test rig for rail vehicles

Starting in the year 2023, rail vehicle manufacturers will be able to have their braking systems tested and certified at the Graz University of Technology.

TTTech Auto becomes a unicorn

The Viennese software developer TTTech Auto has joined the ranks of “unicorns” i.e., young companies with a value of over $ 1 billion.

French programming school opens a facility in Vienna

The network of the coding school École 42 founded in France opened a new campus in Vienna. This is designed to counteract the shortage of specialists in the IT sector.

ID Quantique establishes a competence centre for quantum communications in Austria

ID Quantique (IDQ), a world leader in quantum-based cybersecurity solutions, has set up an independent Centre of Competence (CoC) in quantum communications in Austria. The high-tech and research centre is designed to ensure Europe’s technology sovereignty.

Varta invests € 33 million in a research centre

The battery manufacturer Varta is investing more than € 33 million in a new research centre located in Graz in the federal province of Styria. Varta Innovation GmbH will become the research hub of the entire Group and encompass more than 2,000 m² of laboratory capacities, prototype production and administration starting in the year 2023. 36 scientific jobs will be created. At present the research centre is located at the Graz University of Technology.

72 CEE Companies Expand to Austria in 2021

Rohlik, 7Security and AbilityMatrix have been actively operating in Austria since 2021. They were supported by Austrian Business Agency (ABA) in their step abroad along with 69 other companies from Central and Eastern Europe.

Artificial intelligence for particle physics

The Vienna University of Technology has defined the goal of using machine learning to uncover the secrets of the quark-gluon plasma on the basis of sophisticated new methods. Tiny particles whir around wildly with extremely high energy. Countless interactions occur in the tangled mess of quantum particles, and this results in a state of matter known as "quark-gluon plasma". Immediately after the Big Bang, the entire universe was in this state. Today this state is reproduced by high-energy atomic nucleus collisions, for example at CERN.

When aircraft disappear

If aircraft disappear from radar, it may be due to overloaded transponders. The Graz University of Technology developed a simulation tool for the Austrian air traffic control body Austro Control to determine the transponder occupancy.

Computer simulation optimises electrical machines

In cooperation with the Darmstadt University of Technology (Germany), the Graz University of Technology has now defined the goal of decisively improving electrical machines through computer simulations.

aws Seedfinancing supports 23 startups

Fresh funding for innovative companies: 23 firms in the fields of life sciences, information and communications technology from all over Austria were given a fresh injection of capital totalling more than € 9 million from aws Seedfinancing (aws = the promotional bank of the Austrian federal government).

Austria is an EU leader in renewable energies

The share of renewable energies as a proportion of total electricity production in the European Union is increasing. On average, 37% of gross national electricity consumption in 2020 was derived from “clean” energy sources, compared to 34% in 2019, according to the European Statistical Office Eurostat.

Easelink secures € 8.3 million in funding

Easelink has secured € 8.3 million in a Series A funding round. The Austrian high-tech company is successful in the field of automated charging of electric vehicles.

Sony relocates plant from the USA to Salzburg

Starting in the middle of 2022, Sony will manufacture all the storage media for the European and American markets at its production facility in Thalgau, Salzburg.

Successful Year 2021 for the Newly Positioned Business Location Consultancy ABA

The national business location consultancy Austrian Business Agency achieved the second-best results in its history in 2021 – in spite of the coronavirus pandemic. The competitiveness and attractiveness of Austria as a business and work location remain at a high level.

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