Startups, sustainability, and investment: Austria’s innovation engine

Backed by strong R&D, top rankings, and major investments in digital and green industries, Austria is rising as one of Europe’s most exciting tech powerhouses.

Austria’s tech ecosystem is rapidly emerging as a dynamic hub for innovation, sustainability, and deep-tech development in Europe.

Vienna stands at the forefront as the central innovation hub, with Graz and Linz quickly gaining traction in fields such as AI, healthtech, and advanced manufacturing.

The Austrian Research and Technology Report 2024 underscores the country’s significant advancements in research, technology, and innovation (RTI). Austria continues to perform exceptionally well in international rankings, having moved up in the European Innovation Scoreboard to become a "Strong Innovator," securing the 6th position in the EU in 2023. The country also leads in areas like quantum technologies, scientific publications, and STEM education.

The government’s Climate and Transformation Initiative is boosting investment in sustainable energy and digital technologies. Additionally, Austria is increasingly focused on life sciences and health, with these sectors benefiting from extensive funding programs, including the Future Austria Fund.

Austria’s strategic emphasis on sustainability and digital transformation solidifies its position as a rising European tech powerhouse, offering strong infrastructure, talent, and funding for ventures that are shaping the future.

Here are 10 Austrian tech companies to keep an eye on in 2025.

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