News from the business location Austria
Good ecosystem for startups
Austria spends 3.2 percent of its GDP on research.
Networks for lightweight construction
Lightweight construction makes an important contribution to climate protection. For this reason, it is increasingly gaining in importance in Europe.
Austria is one of the top three countries in rebuilding the economy
According to the European Central Bank, Austria is ranked second in the eurozone with respect to investments in relation to GDP to aid the Austrian economy.
Europe gains in importance as a production location
The coronavirus pandemic has made companies aware of the vulnerability and dependence of global production and supply chains.
More effective early warning system for megastorms
The development of the world’s strongest storms can be more precisely predicted thanks to new research findings. An international team led by Dr. Cornelia Klein from the Institute for Atmospheric and Cryospheric Sciences at the University of Innsbruck investigated these megastorms in the Sahel zone and developed advance warning time of up to six hours. The results of the study have now been published in the renowned academic journal PNAS.
Covid-19: Not all patients develop protective antibodies
An initial study carried out by vaccinologists and virologists from the Medical University of Vienna has shown that about half of the people infected with SARS-CoV-2 have developed a protective immune response.
TechnoAlpin implements snowmaking project in Kazakhstan
The Austrian subsidiary of the South Tyrolean company TechnoAlpin has planned and implemented the entire snowmaking concept for the Kazakh “Oi-Qaragai – Lesnaya Skaska” ski region.
Infineon develops sensory organ in Graz for safe driving
Under the leadership of Infineon Austria, the project “iLIDS4SAM” is carrying out research on sensor systems that provide autonomous road and rail vehicles with a three-dimensional image of their surroundings and enable the vehicles to more effectively anticipate danger situations. The project encompasses the entire technology, application and testing chain.
Blackshark.ai reconstructs 3D environment for the “Microsoft Flight Simulator”
The real world as the background should ensure an unparalleled gaming experience on all levels with the new “Microsoft Flight Simulator”. The Austrian developer Blackshark.ai is involved in the project.
Magna Steyr wants to build a “green” e-powered car
Magna Steyr in Graz has signed a preliminary agreement with the California-based car manufacturer Fsiker to potentially build a battery-powered electric luxury SUV.
Austrian government creates investment premium for investors
The economic and financial consequences of the COVID-19 crisis pose major challenges to companies. In order to strengthen the Austrian business location, the Austrian Federal Government has resolved upon a new investment promotion program for companies with a total volume of EUR 1 billion, which will be further increased, if necessary.
Strengthen the business location and facilitate startups – Austrian Federal Government presents new plans
Austrian Federal Chancellor Sebastian Kurz issued a statement on 28 August 2020 pertaining to the current situation and looks ahead to 2021 with optimism.
Novartis extends penicillin production in Tyrol
The Swiss pharmaceutical company Novartis decides on location Austria and invests 2.5 Billion EURO into penicillin production.
Coface Country Risk Assessment: Austria remains stable
Coface, a globally operating credit insurer, has adjustments its ratings in the light of the COVID-19 situation. Austrian remains stable.
With the force of a photon
Quantum physics has been a fascinating topic for physicists since its discovery. There are new breakthroughs at the Academy of Sciences.
Cancer research: Viennese startup breaks new ground in drug research
The Viennese startup QUANTRO Therapeutics is developing new substances to treat cancer with the help of innovative technologies.
contextflow: New software and radiology against the coronavirus
The Viennese startup Contextflow develops software for the fight against COVID-19, which analyses and identifies disease patterns.
Researchers from Upper Austria revolutionise batteries
Researchers from Upper Austria developed new methods to accelerate the charging of lithium-ion batteries and reduce production costs.
More companies locate business operations in Austria
Significant year-on-year increase in the number of companies consulted by Austrian Business Agency in locating in Austria.
462 new, international companies. ABA – Invest in Austria looks back on a very successful year.
In 2019 ABA – Invest in Austria supported 462 international companies in setting up their business in Austria – compared to 2018 this shows an increase of 30 % and lead to nearly 5000 newly-created jobs.
Top Score for Lockdown – Austria convinces in current Deloitte entrepreneur survey with well thought out Covid-19 measures
Austria convinces in current Deloitte survey and gets top score for well thought out Covid-19 measures.
Austrian federal government launches an economic stimulus package
A top priority is to create investment incentives and measures to relieve the burden on companies.
Gree GmbH launches business operations in Austria
GREE GmbH serves as the Austrian general distributor of Gree Electric Appliances Inc., one of China’s largest manufacturers of electrical devices. Effective immediately, the company is exclusively responsible for the entire Austrian market.
Etihad Airways uses coronarvirus risk tool from the Viennese startup Medicus AI
A risk assessment tool developed by the Viennese medical technology startup Medicus AI is now being used within the context of a partnership with the airline Etihad Airways. 22 questions should be answered by passengers of the airline Etihad Airways from the United Arab Emirates before they begin their journeys.
The World Economic Forum includes AQT in its list of Technology Pioneers 2020
The World Economic Forum included the Innsbruck-based quantum computer spin-off Alpine Quantum Technologies (AQT) in its list of Technology Pioneers 2020. With its approach, the company’s team succeeded in being part of the group of 100 mostly young companies from across the globe which are considered to be “technology pioneers”.
Managing the crisis quite well
A study carried out by the British research group Economist Intelligence Unit (EIU) compared the reactions of 21 OECD member states in light of the challenges posed by the SARS-CoV-2 virus. Austria is rated second in the EIU index behind New Zealand.
Austria climbs to eighth place in the EU’s innovation ranking
The "European Innovation Scoreboard" is a benchmark instrument on innovation development in the EU member states. Austria climbed in the current EU ranking presented at the end of June from nine to eighth place and is above the EU average.
Above-average labour productivity
The productivity per working hour in Austria is above average. Austria is rated fifth among all EU member states in terms of the productivity projections of the EU Commission, surpassed only by Ireland, Luxembourg, Belgium and Denmark.
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.