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Research and development

Life sciences are a major research and development sector in Vienna. The Vienna Life Science Cluster is Austria's major hub for life science research, education and business. Throughout Vienna, five universities and several basic research institutes form the academic core of the hub with more than 12,600 employees and 34,700 students. Here, more than 480 medical device, biotechnology and pharmaceutical companies with almost 23,000 employees generate around 12 billion euros in revenue (2017). This corresponds to more than 50% of the revenue generated by life science companies in Austria (22.4 billion euros).

Vienna is home to Boehringer Ingelheim, Octapharma, Ottobock and Takeda Pharmaceutical Company. However, there is also a growing number of start-up companies in the life sciences and Vienna was ranked first in the 2019 PeoplePerHour Startup Cities Index. Companies such as Apeiron Biologics, Hookipa Pharma, Marinomed, mySugr, Themis Bioscience and Valneva operate a presence in Vienna and regularly hit the headlines internationally. Vienna also houses the headquarters of the Central European Diabetes Association, a cooperative international medical research association.

To facilitate tapping the economic potential of the multiple facettes of the life sciences at Austria's capital, the Austrian Federal Ministry for Digital and Economic Affairs and the local government of City of Vienna have joined forces. Since 2002, the LISAvienna platform is available as a central contact point. It provides free business support services at the interface of the Austrian federal promotional bank, Austria Wirtschaftsservice and the Vienna Business Agency and collects data that inform policy making. The main academic hot spots in Vienna are the Life Science Center Muthgasse with the University of Natural Resources and Life Sciences (BOKU), the Austrian Institute of Technology, the University of Veterinary Medicine, the AKH Vienna with the MedUni Vienna and the Vienna Biocenter. Central European University, a graduate institution expelled from Budapest in the midst of a Hungarian government steps to take control of academic and research organizations, welcomes the first class of students to its new Vienna campus in 2019.