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News from the business location Austria

Austria registers more patents than ever before

Austrian companies and researchers registered 2.341 new patents at the European Patent Office (EPO) in 2019. Over the last five years the number of Austrian patent applications increased consistently.

270 companies participated in “ABA’s Virtual Open Day”

ABA's Virtual Open Day was held on 28 May 2020. The Austrian market and other details were explained to 270 participating companies.

Startup shows travel possibilities after COVID-19

Where can yout travel to, under which conditions and which quarantine - and entry- regulations do apply for which country? This startup shows possible travel options in times of Covid-19.

Austrian role in developing the “retina“ of the ELT

The Extremely Large Telescope of ESO is currently being built in the Atacama Desert. Austrian universities are involved in the development work.

Additional measures to support companies during the crisis

An investment subsidy of 14 percent will be granted to companies investing over the next six months.

Tripadvisor acquires Austrian startup Delinski

TheFork, a company owned by TripAdvisor, has acquired the Austrian startup Delinski specialising in restaurant bookings.

Business Location Austria on the fast track

Competitiveness: In a comparison of 63 countries, Austria moved up three notches, from 19th to 16th place, thus overtaking Germany.

Bosch continues its strong commitment to Austria

In 2019 Bosch made considerable investments of capital and human resources at its Austrian sites. It is attaching particular emphasis on R&D.

Novartis opens global production facility for innovative retina drug in Tyrol

Starting in 2021, Novartis will exclusively produce a new retina drug at its Tyrolean plant in Kundl, designed to combat wet age-related macular degeneration.

Alpine Quantum Technologies: World Economic Forum Honours Tyrolean Quantum Specialists

The company AQT was hounored as one of the "Technology Pionieers" by the World Economics Forum.

VIRTUAL Startup Catapult

Advantage Austria UK is organising a virtual Startup Catapult London this year, in which important tips for startups are presented.

“Thinness” gene stimulates fat burning

Scientists at the Austrian Institute for Molecular Biotechnology could prove that a gene mutation makes people slim.

Careforce Sanvartis launches business operations in Austria

Careforce Sanvartis, a company specialising in sales and communications in the healthcare sector, has opened a new subsidiary in Austria.

Apeiron tests effectiveness of APN01 on COVID-19 patients

Apeiron continues to work feverishly on medicines and treatment for COVID-19. One candidate on trial is APN01.

BMW invested € 374 million in Austria in 2019

In 2019, BMW invested € 374 million in the Austrian production facility in Steyr which manufactures close to half of all BMW engines.

Austria as an attractive investment location

EY Attractiveness Survey: Austria registered a record year as an investment location in 2019, showing an increase of 73%.

Less gold is sometimes better

Using an ultra-thin gold layer, scientists at the Vienna University of Technology succeeded in creating an almost optimal infrared absorber.

Biobank Graz builds up a collection of COVID-19 samples

The Biobank of the Medical University of Graz is building up a collection of COVID-19 samples in order to further develop testing procedures and also conduct research into prognosis markers for the progression of the disease.

New Christian Doppler laboratory conducts research into children‘s cancer

A new Christian Doppler (CD) laboratory at the St. Anna Children's Cancer Research Institute in Vienna is dedicating its work to so-called CAR-T cell therapy.

Best marks for Austrian universities of applied sciences

The annual ranking of the German Center for University Development compares conditions for studying, teaching, research and the assessment of students.

Funding for companies to accelerate digitalisation

Austria will support small and medium-sized enterprises in further expanding their level of digitalisation by providing funding of EUR 8 million.

Greenest city in the world: #1 VIENNA, AUSTRIA

Vienna placed first in the latest ranking of the “World’s Greenest Cities”.

24 coronavirus projects for vaccines and therapeutics

The Austrian Federal Government has now made an additional EUR 26 million available within the context of its “Corona Emergency Call".

Hamburg-based GPA Group uses COVID-19 test from Graz

The classic food laboratory is additionally approved as a medical laboratory under the supervision of a specialist.

65 percent will continue to invest in startups in 2020

A survey of about 300 private investors from Austria carried out by the investor network Prime Crowd concludes that 65 percent would still like to invest in startups this year in spite of the coronavirus crisis.

Austria will serve as the European headquarters of MSE Group, Medvision

The MSE Group, Medvision – the specialist for medical simulations – will coordinate its European business operations in the future from its headquarters in Austria and has developed a rapid COVID-19 test.

BioneXt LAB and Medicus AI launch monitoring app

The free support and monitoring app was developed in rapid response to the ongoing global outbreak and spread of COVID-19.

Peptide FX06 identified in Vienna could save the lives of COVID-19 patients

The development of active substances to combat COVID-19 is based on existing active substances in order to achieve success more quickly.

EUR 150 million to rescue startups

Margarete Schramböck, Federal Minister for Digital and Economic Affairs, and Leonore Gewessler, Federal Minister for Climate Action, Environment, Energy, Mobility, Innovation and Technology presented an aid package designed to support startups in mastering the coronavirus crisis.

Useful Information on the Coronavirus

How can I protect my employees from the coronavirus? As a company, what can I do to prevent the spread of the coronavirus? How can I apply for short-time work for my employees? These and many other questions have arisen since the outbreak of the coronavirus crisis.

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