ABA – INVEST in AUSTRIA

AI for the simulation of biological processes 🔬 A research team of the Institute of Artificial Intelligence at the Medical University of Vienna and CeMM has been able to demonstrate that a large language model such as GPT-4 can be effectively applied as a simulator for biological systems. The team developed a knowledge-based simulation method based on structured inputs in GPT-4. ▶️Interested? Read more in our article!

Austria is making great strides towards achieving its goal of becoming the EU country with the highest research and development rate⬆ Two-thirds of R&D investments are made by industry, with around 16% coming from foreign companies. Two current examples of investments in Austria from the life sciences sector are Novartis and Ligand Pharmaceuticals.

November Event Overview 🗓️ This month, highlights include the BIO Europe, the premier event for the global biopharma community, the MEDICA in Düsseldorf, one of the largest B2B medical trade fairs worldwide, and Austria Goes Slush in Helsinki, a key tech event for start-ups and investors. And that's not all! Many more exciting events await you. For complete details on each event, head over to our website: https://lnkd.in/erTwagDP #ABAEvents #InvestInAustria #StartUps

First insights from AWE (Augmented World Expo) Europe, the world's #1 XR & AI community event! 👁️ Today we already had the pleasure to attend the panel of our collaboration partners on "XR in Europe: Corporate Client Stories from Austria"— a look into how XR is actually being used by Austrian companies in construction, manufacturing, tourism, and public IT. Moderated by Matthias Grabner, the panelists were Dr. Larissa Neuburger (FHW), JUNGHWO PARK (Umdasch Group Ventures), Alexander Schlager (WienIT), and Mario Zeppetzauer (formquadrat). International companies and start-ups value the modern infrastructure and favourable conditions for international business location projects in Austria, especially compared to other large European cities. Because #Vienna is one of the most liveable cities in the world, this naturally helps to attract international employees. ▶️ Visit us tomorrow at our booth to learn more about business opportunities for your XR/VR solutions in Austria! Birgit Reiter-Braunwieser I Jakob Cencic I Shari Bangsow I Matthäus Schweisgut I Elisabeth Palfner I Matthias Grabner #AWE2024 #XR #Austria #XRLandscapeAustria

Websummit Lisbon is calling!☎ In two weeks, Europe’s tech community will come together to discuss the latest trends. As the Austrian Business Agency we will showcase the benefits of Austria as an innovative business location: find us at the Austria Booth (Pavillon 4, E414)! Interested in Deep Tech? There will be a panel discussion with our colleague Jan Bruckner on Wednesday 13.11. at 13:30pm together with Claus Zeppelzauer, Johannes Heizer and Sophie-Carolin Wagner on why you should have Austria on the radar.  Looking for funding opportunities? Follow the talk with Jakob Cencic and Bianca Kahr on Tuesday 12.11. at 12:30pm.  Not convinced about Austria yet? Bruno Pritsch from ABA - WORK in AUSTRIA will tell you why Austria is not only the best place to work, but also the best place to live on Wednesday 13.11. at 11:30am. Link below! ⬇️ Matthäus Schweisgut I Paul Pfaffelhuber I Aleksandra Izdebska

One highlight for us this month was the International Machinery Forum 2024 at the Austrian Federal Economic Chamber ⚙️ Over 500 experts and companies from 50+ nations took part to explore new business opportunities and connections and talk about innovation driving topics such as: Competitive Manufacturing in a Global World CO2 Reduction Technologies in Production Industrial AI & AR/VR Additive Manufacturing Sustainable Manufacturing Technologies Automation & Robotics The EU Supply Chain Act Global Business Development ...and much more! The forum was organised by the Wirtschaftskammer Österreich, ADVANTAGE AUSTRIA, Enterprise Europe Network Austria and its partner. ▶️Contact us now and find out about our services if you too would like to expand your company to Austria! Photo credits: © MARKO's PHOTOGRAPHY Marion Biber I Bernhard Bachleitner I Susanne Mayr I Josef Diermaier

The #CultTech Summit is a Vienna-based event that gathers forward-thinkers to shape the future of creative industries. From VC investors and Web3 experts to musicians, architects, and art curators, it’s a must-attend for those driving #change. The event features panel talks, debates, workshops, exhibitions, and case studies, with companies like Soundcloud, Ars Electronica, Speedinvest, and Endel represented. Nataliya Kyrychenko is looking forward to meeting you in Vienna, MuseumsQuartier, 5–6th November to talk about business opportunities in Austria! 📧 : n.kyrychenko@aba.gv.at CultTech Association I Birgit Reiter-Braunwieser

This was TEDAI Vienna! Europe's first TED conference for a deep dive into the future of Artificial Intelligence. 🤖 One of our highlights on Oct 19th was our Executive Lunch: selected #TEDAI participants, consisting of international CEOs and founders of tech companies talked about the advantages of the AI research and business location Austria! Austrian companies are not only developers but also users of innovative #AI technologies. The country has pitted itself against international competition for decades, both in terms of production and service. For this reason, it has always relied extensively on #digitalisation. This is now also paying off in the field of artificial intelligence. Birgit Reiter-Braunwieser I Marion Biber I FFG Österreichische Forschungsförderungsgesellschaft mbH I BOLD Community

What a day at AAIC - Applied AI Conference 2024! ✨ Thanks to everyone stopping by our booth, we had many insightful conversations and new connections interested in #Austria as a business location and an excellent place to work and do research! AAIC in Vienna is an international business symposium, bringing together #AI innovators from the corporate & startup world as well as venture capitalists. The event´s program included keynotes of international experts, panel discussions, in-depth sessions, and prearranged virtual 1:1 meetings with 1000+ participants from all over the world. Birgit Reiter-Braunwieser I Jakob Cencic I Elisabeth Palfner

Austria is driving the future of mobility through innovative partnerships between research institutions and industry leaders. By fostering dynamic industry clusters, the country accelerates advancements in rail technology and infrastructure, paving the way for groundbreaking developments. 🔬 Educational institutions are not just shaping the next generation of talent, they're collaborating with businesses on cutting-edge research projects. 🙌🏼 With strong public funding programs fueling research and development, Austria is positioned as a vibrant hub for mobility innovation. Together, these elements create a powerful ecosystem that propels Austria forward in the mobility landscape. 🚗✈️ Find out more here: https://lnkd.in/d_G-EC5c.