ABA – INVEST in AUSTRIA

New standards in the automobile sector - Made in Austria 🛞 The necessary transformation poses an enormous challenge to management and employees, particularly in the field of #mobility. Here are just a few examples showcasing how companies operating in Austria have become trailblazers, setting and helping to shape new standards. ▶️BMW Group Plant Steyr received the INDUSTRIE 4.0 AWARD for its innovation in producing e-drives for future BMW vehicles. Since 2018, #AI solutions have been integrated, and the plant is undergoing a major transformation. ▶️AVL List, a leading mobility technology company, is spearheading an EU project on software-defined vehicles, collaborating with 29 partners from seven countries. Over three years, they aim to establish the foundation for safe, efficient, and powerful software-defined vehicles. ▶️Austrian companies are also involved in setting international standards. The IAMTS - International Alliance for Mobility Testing & Standardization focuses on ensuring safe autonomous driving systems through standardized processes and certified testing. Their experts contribute to shaping the international regulatory framework. (c) AVL List

⬇️ Your October Event Overview ⬇️ We’ve curated a snapshot of the key events happening this month, with a special focus on AI, Pharma, and Health. For all the details on each event, visit our website: https://lnkd.in/erTwagDP. #ABAEvents #InvestInAustria #StartUps

Figures of the month: In 2023, a total production value of EUR 18.6 billion was generated (including contract work and industrial repairs) – this once again puts the #automotive industry at the top of Austria's industrial sectors. Austria has a long tradition in the automobile and rail industries. However, the country is also an important driver of innovative mobility concepts🛞💡 The manufacturers and component suppliers of vehicles and vehicle technologies play a key role in shaping the future of both private and public #transport. Its vibrant and diverse ecosystem is a decisive factor underlying the strength of the business location.   ▶️You can find more information in our brochure “Mobility in Austria”, which you can download on our website: https://lnkd.in/diX-_A65

This was The Autonomous 2024 ✨ Yesterday's event in the Hofburg Vienna brought together the world’s major mobility stakeholders to shape the future of safe autonomous vehicles. Initiated by TTTech Auto, the 5th edition of The Autonomous was dedicated to fostering collaboration, sharing ideas, and networking with leading experts and world-class speakers in the #autonomousmobility industry. It was a pleasure to attend! ▶️ Read more about what Austrias mobility sector has to offer: https://lnkd.in/eY6zKu6u Birgit Reiter-Braunwieser I Matthias Adelwöhrer I Verena Gruber

Check out my latest thoughts on AI in Austria, and how we are cracking the code 💡📝 ABA – INVEST in AUSTRIA #AI #Austria #WhereInnovationMovesMountains

WorldSkills 2024 in Lyon: Austria becomes the sixth most successful nation in the world Did you know... ...that there are more than 200 apprenticeship professions in Austria? “Coding” is one of them! The training of apprentices takes place in a practice-oriented manner, both in the company and at the accompanying vocational school (“dual training”). The 47th WorldSkills Championships held in Lyon, France, from September 10 to 15, 2024 have shown again why #investors highly value the specialised expertise and comprehensive knowledge of Austrian employees. Three Austrians were crowned world champions in front of more than 30,000 fans in the French Groupama Arena. In addition to the three gold medals, the professional national team also won one silver and three bronze medals as well as 22 medals for excellence, which are awarded directly after the podium places for particularly good performances. 🥇🥈🥉🏅 (c) skillsaustria Hashtag#WorldSkillsAustria Hashtag#WorldSkills Hashtag#Training Hashtag#Vocational training

Meet us at Italian Tech Week 2024! 💻   The Italian Tech Week Torino is a tech conference for #founders, #investors and #industryleaders to network and learn.   ABA and the Vienna Business Agency will hold a masterclass on Sept 26th titled ‘The AI Austrian Ecosystem: 5 Reasons Why Vienna, Austria is the AI Hotspot You've Never Heard Of’. In this masterclass, AI experts Clemens Wasner and Sophie-Carolin Wagner will uncover Vienna, Austria, as a hidden gem in the European AI landscape and give an insight into the Viennese and Austrian AI Ecosystem.   Often overshadowed by larger tech hubs, Vienna has rapidly emerged as a leading centre for artificial intelligence innovation seamlessly blending its rich historical heritage with cutting-edge technology. Join us to discover why Vienna is a rising star in the AI sector and how it offers unique opportunities for collaboration, investment, and innovation in this rapidly evolving landscape! #ITWT #TechWeek Wirtschaftsagentur Wien I Clemens Wasner I Birgit Reiter-Braunwieser I Susanne Mayr

Vienna receives new institute for AI in biomedicine🔬🧪 Vienna has been chosen to host #Aithyra, Europe's first Institute for #AI and #Biomedicine, marking a major step forward in the fight against incurable diseases. With the support of the Boehringer Ingelheim Foundation, the Austrian Academy of Sciences (ÖAW) is strengthening its activities in the field of life sciences and establishing the new Institute for Artificial Intelligence (AI). Unique in Europe: researchers from the field of AI and researchers from biomedical research will combine their expertise here. This groundbreaking institute will bring together top academic researchers, innovative startups, and industry leaders to revolutionize the fields of healthcare and biomedicine. Led by the renowned AI expert and Oxford professor Michael Bronstein, Aithyra aims to harness the power of artificial intelligence to advance diagnostics and therapy development, creating new hope for millions. LISAvienna I Birgit Reiter-Braunwieser #AI #Biomedicine #Innovation #Healthcare #Vienna #Research #FutureOfMedicine #ArtificialIntelligence (c) ÖAW/ Natascha Unkart From left to right: Heinz Faßmann (President of the Austrian Academy of Sciences), Michael Bronstein (Director of the Institute), Anita Ender (Managing Director of the Institute).

Another success story: Reinova 🚗🌍 Having started in Italy and arriving in Graz at the beginning of 2024, Reinova has taken the leap towards internationalization. With a strong focus on sustainable technologies and forward-thinking solutions for e-mobility, this innovative company is shaping the future of transportation. Thanks to the support from ABA, including its extensive network, targeted funding, and assistance with financial matters, Reinova is now set to better serve the German-speaking market and international clients from its Austrian base. Want to learn more? Discover the full interview with Michael Harb, Managing Director of Reinova Austria GmbH at: https://lnkd.in/d9JrDnrn.

We were at Slush'D 2024 in Bolzano, Italy! Slush'D 2024 is an event uniting startups, investors, corporate leaders, and institutional representatives. ABA – INVEST in AUSTRIA participated and was showcasing Austria’s investment opportunities, fostering international collaboration in the #startup ecosystem. It was a pleasure to attend and connect with many innovative startups, investors and corporates. Are you planning to set up a company in Austria and looking for support to expand your business successfully? Didn't get the chance to meet us at Slush'D? No problem! ▶️ Reach out to Susanne Mayr and Olga Zocco to learn about business opportunities for Italian companies in Austria!