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🚀 Could Austria Be Europe’s Next XR and VR Hub? 🇦🇹 Austria is emerging as a key player in the XR (Extended Reality) and VR (Virtual Reality) sectors, thanks to government funding, enterprise adoption, and a strong academic foundation as reported in the article on Sifted here 👇https://lnkd.in/dE75n_ef. With over 3,200 startups and €596 Million raised in 2023 alone, Austria’s tech ecosystem is booming. 🌟 Here are a few startups driving XR/VR innovation in Austria: 🔴 Innerspace - The Simulator Company: Specializes in plug-and-play VR training solutions. Recently raised €5.7 Million from international VCs, a strong signal of growing confidence in Austria’s VR potential. 💡 🔴 NXRT - Automotive: A mixed reality automotive solutions company, raised €5 Million this year. NXRT is at the forefront of integrating XR into the automotive sector, reshaping how industries use immersive technology. 🚗 🔴 blackshark.ai: Partnered with Microsoft to create detailed digital twins for Microsoft Flight Simulator. Their expertise in high-fidelity simulations highlights Austria’s leadership in AR/VR. ✈️ 🇦🇹 Moreover, Austria is home to major players like Qualcomm and Snap Inc., both of which have established R&D centers in Vienna, attracted by the country’s talent pool and thriving research landscape. With over 100 XR-focused R&D projects spanning sectors like healthcare, mobility, and education, Austria is well on its way to becoming a European XR and VR hub. As Matthias Grabner from AI Austria says, "The real strength of Austria lies in the in-depth use case knowledge our ecosystem has developed over the years." Austria’s unique collaboration between startups, research institutions, and enterprises is accelerating innovation and market readiness. 🌍 Is Austria the next XR/VR hotspot in Europe? Time will tell, but the momentum is undeniable. 🚀 #tech #XR #Innovation #VR #Leadership #AustriaTech #Startups #InnovationHub #DigitalTwins #Funding #AutomotiveTech #Research #Development #EnterpriseTech #Healthcare #MobilityTech #AugmentedReality #VirtualReality #Collaboration #entrepreneurship #investment Austrian Business Agency österreichische Industrieansiedlungs- und WirtschaftswerbungsgmbH