Department for Science, Innovation and Technology’s Post

🚀 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

Virtualtech Frontier GOES TO BEIJING!⭐ We commence the year with exciting news – VTF (Virtualtech Frontier) has achieved recognition as one of the top 35 winners in an international business competition hosted by the Beijing government. Our visit to Beijing was not only a celebration of this accomplishment but also an insightful exploration of cutting-edge tech enterprises specializing in VR, spatial computing, AI, and other groundbreaking domains. The vibrant and dynamic technological landscape of China has left an indelible impression on us, fostering an eagerness to establish a significant presence in this burgeoning market. I extend sincere appreciation for the gracious hospitality extended by the locals, and our immersion in invaluable insights from industry luminaries and esteemed professors at Tsinghua University has enriched our perspective and fortified our commitment to technological advancement on a global scale. I look forward to witnessing VTF's expansion as a prominent regional presence in the immersive technology sector in the upcoming years! Do we have plans to establish an office in Beijing? Keep following us to stay updated on our journey to the east! #technology #startup #immersive #vr #metaverse #entrepreneurship #beijing #china #malaysia #tech

XR technology has become central to the European vision. In this regard, we find XR4Europe "a Pan-European association that federates all XR professionals, organisations and initiatives to support the development, promote and represent XR innovation, industry and creativity made in Europe." The Proxima project - funded by the European Union's Horizon Europe research and innovation program, through Open Call #1 - XR2Learn - aims to promote industrial training by developing a kit for companies. Follow the project's developments on this page. https://lnkd.in/dP6G4_Ji #XR2Learn #XR #XReducation #ExtendedReality #HMI #design #Proxima

Here is a recent interview I did with The VR Report. Special thanks to David Gene Oh for the wonderful opportunity. "Had a fantastic chat with Alan Smithson, Co-Founder of METAVRSE, a company that's reshaping the way we learn, work, and engage with the world through immersive technology. Here are some insights from our conversation: * Early Enterprise XR Adoption: We delved into how Fortune 100 companies are leveraging XR technologies. Alan shared valuable perspectives on what enterprises are looking for and how XR is transforming their operations. * Startup Funding: Alan provided some invaluable insights into securing funding for startups in the spatial computing and XR space. It's all about navigating the right channels and connecting with investors who share the vision. * Ethics in XR: A crucial topic we explored was the importance of ethics in the XR industry. XR technologies are powerful, and we discussed how responsible use and development are paramount for the industry's growth and positive impact." Learn more about METAVRSE and the amazing work they're doing in the XR space: METAVRSE.com #VR #XR #SpatialComputing #Innovation #EthicsInTech #METAVRSE

Good Morning World. Now you can visit ONE Digital Consulting YouTube channel with videos, uses cases, references and more. Over the years, we’ve participated in hundreds of projects, and from the most representative ones, we’ve created a setlist to share with the #XR ecosystem. Some of these experiences are used as resources in classrooms at schools and institutions. You can choose yours: #Education, #DigitalTwins and #Training, #Entertainment, #Tourism, #CulturalHeritage, #Aging... What do you think? ONE Digital Consulting, #ONEXRStudio, #XR, #VRARA, #ImmersiveWorlds, #XR4Edu, #VRARAEduCommittee, #Metaverse, #VirtualEvents, #VirtualReality

Developing solutions that catch the eye of investors is often the ultimate goal for startups. Yet, the path from concept to investment can be intricate and time-consuming. Finding the expertise and talent required to navigate this journey can be challenging. For OxfordVR's Head of Clinical Platform, finding the right digital partner was crucial. That's where Fluent (Cambridge) Ltd stepped in. Our team brought a wealth of experience and skill to the table, propelling Oxford VR's vision forward. The result? A remarkable $12.5 million investment, a testament to the power of strategic partnership and product development. Curious about the journey that led to this milestone? Dive into the case study to uncover the phases of work involved: https://lnkd.in/eP9m3kyM

Could Austria be Europe's next #XR hub? We believe so. Last year when we first hosted AWE in Vienna, I was amazed to discover how many companies are involved with #immersive #tech there. It's fantastic. Thanks to Kirstie Pickering of Sifted for this article and to Georgeta Bocșe for pointing it out to our team. Also it's cool to note that Martin Herdina, one of our Start-Up Pitch Competition judges is featured. We'll have a lot of great sessions & booths at #awe2024 that highlight Austrian businesses and one in particular comes to mind. For anyone interested in the status of XR in the region, I'd definitely recommend "XR in Europe: Corporate Client Stories from Austria," a panel featuring Matthias Grabner | AI Austria, Dr. Larissa Neuburger | FHWien der WKW, JUNGHWO PARK | Umdasch Group, Sehrschön Harald | Fill, and Alexander Schlager | WienIT GmbH. This is going to be an excellent session. If you don't have a ticket yet, you can use the code SPKR24D for 20% off. We'll see you soon! #VR #AR #MR #emerging #technology #womenintech #enterprise #business https://lnkd.in/eg_6fsNf

🤿メガネをかけて、一緒にＸＲの世界を探検しましょう！🚀 InnoVEXにおいて、抽象的なトレンドを具体的な現実に具現化します！ ハードウェア✖️ソフトウェア スタートアップ✖️投資家 企業✖️買い手 3500億ドルのビジネスチャンス、まさに日本に？🌏 🇯🇵 未来のチャンスへ一番乗り。InnoVEXに！ 🚀Dive into the world of XR applications with InnoVEX! From the trends in InnoVEX over the years, to the latest exploratory research into the Japanese market, it has shown that XR startups can shine when developing professional XR applications compared to conventional entertainment content. 🌟 The resurgence of XR growth opens up more opportunities for international collaboration and allows global companies to leverage each other’s strengths. AR/VR can revolutionize how people work and interact with each other and the world. Check the link for global XR market trend to 2030: https://lnkd.in/g92FNcna #TCA #InnoVEX #COMPUTEX #XR #Startup #Innovation #InvestmentOpportunity #スタートアップ #イノベーション #ビジネスチャンス🌐✨

Magic happens when you bring trailblazers together. What started as a roundtable series last year has quickly evolved into an ever-growing community operating at the intersection of immersive tech (XR) and AI. With people from startups and corporates, from local and national governments and from universities to NGOs, we aim to take our ambitions to the next level in the Netherlands. Under the name ‘Next Reality’, this inspiring collective will work together on essential elements like a grand vision, a flagship project, a talent team and a think tank for the future. Although teams have already been formed, we’re always open to meeting new people who sense that they should be part of this, too. Don’t hesitate to DM me. I’m very much looking forward to the next steps and I’m very grateful for the fact that so many amazing ‘explorers’ are joining me in this exciting (ad)venture! City of Amsterdam | City of Rotterdam | City of The Hague | Province of Zuid-Holland | Ministry of Economic Affairs and Climate Policy | Ministry of the Interior and Kingdom Relations | Rathenau Institute | CLICKNL (CIIC) | Amsterdam University of Applied Sciences | The Hague University of Applied Sciences | Rotterdam University of Applied Sciences | Erasmus University Rotterdam | Mediacollege Amsterdam | TNO | 3EALITY (High Tech Campus Eindhoven) | Meta | Microsoft | DutchXR | 360Fabriek | Studio VRij | Reblika | Reblium | Studio Sentience | Sharing Cities Alliance et al. Picture taken during our third roundtable on 3 April 2024 in The Hague (NL). #nextreality #ai #xr #vr #ar #immersivetech #metaverse #spatialcomputing

HTC is sooooooo good for the industry. I love them. They've been fighting the battle for a decade. They surveyed 400 manufacturing professionals about AR/VR. + Half of the respondents already use XR (177 versus 179 who do not). + XR has achieved clear returns on investment (ROI) for 75% of respondents, with benefits that include reduced material waste, time savings, and cost savings. + Of the 179 respondents who do not use XR, 59% intend to start using it within the next five years. + Overall, 74% of the 400 have intentions to integrate XR within the next decade AR/VR has already changed manufacturing, there are soooo sooooo SOOOO many great startups working in this space. I want to talk to them all!!! - - P.S. We’re organizing a private group for the top VR/AR/3D CEO’s, and would love for you to join in on the fun.  (https://lnkd.in/g89p_7qE).  Or goal is to bring you customers like P&G, Siemens, Pfizer, etc etc So far we have 20 accepted members who have raised $120M in venture capital, they’re doing millions in revenue, and come from companies like Meta, EA, Apple, and Niantic. Going to be the best group ever assembled =) -Don Stein https://lnkd.in/dj3wZCZW