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News from the business location Austria

Forecast for 2019: 4.5 percent rise in R&D expenditures in Austria, multinational spending up four percent

According to a forecast published by Statistics Austria, about EUR 12.8 billion will be spent on research and development (R&D) In Austria in the year 2019.

Fintech N26 back in Vienna with a new innovation centre

Six years ago, the Austrians Valentin Stalf and Maximilian Tayenthal relocated the founding of their financial startup N26 to Berlin.

Lufthansa Aviation Training expands Viennese training facility

Lufthansa Aviation Training (LAT) is investing a total of EUR 89 million this year in the field of pilot training for numerous training devices as well as in the infrastructure of its own sites in order to fulfil high customer demand.

UpNano: Winner of #glaubandich-Challenge 2019

At the “4GameChangers Festival” in Vienna in April, the startup UpNano was selected as the overall winner of the “#glaubandich-Challenge 2019” (believe in yourself challenge) sponsored by Erste Bank und Sparkassen and was thus also named the “Startup of the Year”.

Hanomag locates in Business Park Innviertel

The German company Hanomag is establishing a new production facility in Business Park Innviertel (district association of Schärding, Upper Austria).

University of Innsbruck: “Game of Thrones“ as a mirror of our society

A medieval setting, dragons, magic, intrigue and epic battles: “Game of Thrones”, one of the most widely-discussed television series in recent years, is starting its last season in the USA.

Infineon Austria/DICE: Expansion of the Linz development facility

The official ground-breaking ceremony took place for the new facility of Infineon Austria’s affiliated company Danube Integrated Circuit Engineering (DICE) which is scheduled to be completed in the summer of 2020.

Austria: First State Prize for Digitisation given to Hydrogrid, Cubes and Salzburger Land

In April, Federal Minister for Digital and Economic Affairs Margarete Schramböck awarded the State Prize for Digitisation in Austria for the very first time.

Autonomous air taxi EHang 216 in Viennese airspace for the first time

The autonomous “air taxi” EHang 216 was presented to the media flying in the Vienna Generali Arena for the first time and was also exhibited at the “4Gamechangers" Festival in Vienna in April.

Maximize profitability with Vertec

After establishing a subsidiary in Austria in the beginning of 2019, the Swiss software specialist Vertec now operates in the entire DACH region.

Macro Array Diagnostics develops revolutionary allergy test

The Viennese MedTech startup Macro Array Diagnostics can identify almost all relevant allergens with one single laboratory test.

Fresh money for good ideas

The EY Start-up Barometer underlines the dynamic development of the Austrian startup scene, also in the previous year.

Wefox invests in Austria

The Berlin insurance startup Wefox has been actively operating in Austria since 2017.

Google Austria launches “Market Finder”

Austria is the fourth country in the world where the search engine Google is launching its “Market Finder” tool.

Innovation hub for CEE: Official opening of Talent Garden Vienna

The Italian coworking provider Talent Garden officially opened its location in Vienna at the end of March.

Refurbed: Skype founder Zennström acquires stake in a Viennese startup

The Viennese tech startup Refurbed is getting a financial injection of more than EUR 2 million close to wo years after its founding.

NimbleFins: Austria is a good base for startups

The private British financing site NimbleFins identified the European countries offering the best environment for startups.

Vienna University of Technology: From outer space to the Earth without a parachute

An ambitious rocket project featuring the participation of the TU Wien Space Team was successful.

Startup Report 2018 presented: Successful funding year for Austrian startups

The Austrian startup scene is continuing its financing boom.

Mercer: Vienna the most livable city in the world for the tenth straight year

Vienna remains the most livable city in the world.

Vienna Cyber Security Week - International exchange on digital security

International cooperation and the exchange of views among all relevant stakeholders is indispensable in times marked by a diverse range of cyber threats.

Startup Report Austria 2018: An Overview of Key Findings

This week Florian Kandler presented his Startup Report Austria 2018. The results of the current issue of the annually published report are consistently positive. In a guest commentary for derBrutkasten Kandler selected several highlights of the report.

Futurebuilt opens subsidiary in Vienna

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

How to freeze heat conduction

A physical effect was discovered at the Vienna University of Technology which makes it possible to create electrically conductive materials with extremely low thermal conductivity.

GIN: Austria enters into a new startup partnership with Japan

Austria and Japan are cooperating in the field of startups and are more strongly linking the two ecosystems.

Viennese Fintech company cashpresso wins the E-Commerce Germany Award

The Vienna-based Fintech company has been named the best payment solution.

Muzzles from the 3D printer

Tailor-made muzzles are now available for people’s most faithful companions.

Super sports car Maguari HS1 GTC will be developed in Austria

The legendary automobile brand Hispano Suiza is coming again and will be officially introduced in the spring of 2019.

Graz University of Technology sets cryptography standards

Authenticated encryption of information is aimed at ensuring that messages cannot be read or changed during transmission, posing significant challenges to systems, not least due to the rapid development of the Internet of Things.

Austria is more than just waltzes

On February 27, 2019, 100 international CEOs had the opportunity to convince themselves in historical Schonbrunn Palace that Austria, the third most prosperous industrial country in the EU, has much more to offer than just Lipizanner horses, Mozart balls and mountains.

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