News from the business location Austria

Steinbeis Transfer Center for Computer Science established at the University of Vienna

The newly-founded Steinbeis Transfer Center Informatik.univie at the University of Vienna is designed to serve as a bridge between computer science at the university and in the business community.

Two awards for the quantum physicist Francesca Ferlaino

On November 21, 2017, Francesca Ferlaino, Director of the Institute for Quantum Optics and Quantum Information (IQOQI) in Innsbruck, was awarded the Erwin Schrödinger Prize by the Austrian Academy of Sciences.

"Strada del Start-up" is being created in Linz

The former Tabakfabrik Linz (Linz Tobacco Factory) is a center of innovation.

German multi-million euro investment in the Viennese HR start-up JobRocker

The Viennese startup JobRocker has witnessed a fast-paced development since its founding in March 2016.

New startup funds enrich ecosystem

The startup hotspot Austria is booming.

High-tech rolling elements made of ceramics

The production plant of the Swedish SKF Group in Upper Austria is running at full speed.

Cooking recipe for metal alloys

When metals are pressed to create an alloy, a lot of things happen to their microstructure.

American companies rely on Austria

A good location for business: according to the latest business barometer of the American Chamber of Commerce, the share of American companies which want to invest in Austria is increasing.

Novartis invests EUR 100 million

The Swiss pharmaceutical company Novartis is investing EUR 100 million to expand its Austrian facility located in Schaftenau, Tyrol.

0100 Conferences Vienna

One day event dedicated to the private equity industry covering from
venture capital, growth capital to buyouts, and secondaries.

Viennese researchers: New hope for treatment of aggressive leukaemia

Up until now, the rare and highly aggressive form of blood cancer called T-PLL leukaemia could not be sufficiently treated in the past.

Austrian of the Year: ideas from the jungle

The daily newspaper “Die Presse” has selected the Austrian of the Year for the 14th time.

Vahle “think tank“ in Kufstein

The German Vahle Group wants to generate revenue of about EUR 50 million in five years time thanks to its opening headquarters for automation near Kufstein in Tyrol.

Magna Steyr presents an electric-powered truck shuttle

Magna Steyr has put its emission-free and almost noiseless electric-powered truck shuttle service which is unique in Austria into real-life operation.

Autonomous parcel delivery made in Styria

Robotics experts from the Graz University of Technology have considered how the future delivery of parcels in urban area will be organized in collaboration with Austrian Post, the utility company Energie Steiermark and i-Tec-Styria.

Austria among the top three in the EU’s “Horizon 2020” research program

The EU research program “Horizon 2020” is a European success story. According to the latest data, Austria ranks among the top three in the country ranking (measured by the success rate according to the country participation).

iTranslate: Language translation app for headphones

The Austrian startup iTranslate is launching headphone on the marketplace in collaboration with the headphone producer Bragi which enable real-time translations in about 40 languages.

Milestone in charging e-powered automobiles

The vision is to simply park an e-powered car somewhere and charge it – simply, automatically and everywhere – without the cumbersome handling of a charging cable. An Austrian startup is working to tackle this challenge and showed its new system for the first time at the IAA in Frankfurt.

Austria’s vocational training is tops

Education for the business community. The dual educational system in Austria once again served as the basis for the country’s top-notch ranking in the "Young Workers Index 2017" of PriceWaterhouseCoopers (PWC).

Cellulose silk for haute couture

A revolutionary high-tech product from Austria for haute couture was recently presented to the fashion industry in Paris. Fiber producer Lenzing is introducing a new type of cellulose fiber on the marketplace.

Foreign companies account for 50% of R&D expenditures

Foreign companies are increasingly relying on Austria as a research and industrial nation. Companies in Austria with a foreign parent company account for a hefty 51% of all corporate research expenditures

Austria Leads in Globalization

Austria ranks fourth in the latest globalization index compiled by the Swiss Economic Institute of the Swiss Federal Institute of Technology Zurich (ETH). This means Austria is one of the most globalized countries in the world. The Netherlands is at the top of the ranking, followed by Ireland and Belgium. Accordingly, the first four spots remain unchanged from the previous year, but all four countries are so close to each other that the differences are hardly perceptible, according to the ETH. Switzerland moved up two notches to fifth place, ahead of Singapore, which dropped one notch.

Great Wall Motors Company opens research center in Austria

The Chinese automobile giant Great Wall Motors Company (GWM) established a subsidiary in Austria.

The Rise of ICO

There is hardly any technology which so quickly embedded itself in the public’s perception over the last few years as blockchain.

3DGence develops 3D metal printer in Burgenland

The Polish startup company 3DGence wants to manufacture 3D metal printers in the Neutal Technology Center in Burgenland.

Kreisel Electric opens new high-tech R&D center

Kreisel Electric, developer of high-performance batteries for electromobility, opened up its new high-tech research and development center as headquarters in Rainbach in the Mühlkreis region of Upper Austria.

ABB invests in industrial electronics subsidiary B&R

At the beginning of July 2017, competition authorities gave the green light for the takeover of the industrial electronics group Bernecker & Rainer (B&R) in the Innviertel region of Austria for EUR 1.8 billion by the automation specialist ABB.

Long-lasting effect of vaccine targeting nine HPV subtypes

A vaccine which the Medical University of Vienna helped to develop and which was licensed in 2015 to combat nine subtypes of the HPV virus (human papilloma virus) was shown to have a sustainable effect in a six-year long-term trial in women aged between 16 and 26.

Rehau fidding on a “smart garden“ in cooperation with viRaTec

The German plastics processor Rehau has acquired an equity stake in the Viennese startup viRaTec, which developed an intelligent solution for watering control system for gardens.

Viennese data intelligence startup Kivu Technologies receives EUR 1.8 million

The Viennese startup Kivu Technologies has every reason to be pleased, raising more than EUR 1.8 million in seed financing.

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