iconannual 2018

Innovation
*These projects have received funding from the
European Union’s Horizon 2020 research and innovation
programme under the Marie Skłodowska-
Curie grant agreements Nos 754411 and 665385.
Fotos: IST Austria/Nadine Poncioni
Investing in innovative ideas
In 2017, IST Austria and an external investor took a significant
step towards improving the situation in Austria
for young tech-based founders by partnering to set up
IST CUBE, a new investment platform that will support
the creation and development of tech startups. With an
initial investment of EUR 5 million, IST CUBE will support
advanced technology companies, many of which
are derived from academic research, and will help
founders develop their ventures with the goal of becoming
global leaders in their fields.
the IST Park—a future technology park across the road
from IST Austria which is currently under development.
As an institute of technology as well as science, IST
Austria invests in new facilities and instruments to
increase its research capabilities and remain at the state
of the art. Recent developments include the opening of a
nanofabrication facility for semiconductor physics, and
the Institute will also invest in a cryo-electron microscopy
setup on campus.
IST Austria was established by the federal government of
Austria and the state government of Lower Austria, and the
campus opened in 2009. Following the implementation of
an ambitious development plan, around 90 research groups
and over 1000 employees will be working in a state-of-theart,
interdisciplinary environment by 2026, modeled after
international examples such as the Max Planck Institutes,
ETH Zurich, and the Weizmann Institute of Science. The
president of IST Austria is Thomas A. Henzinger, a leading
computer scientist and AAAS, ACM, and IEEE Fellow. More
information at www.ist.ac.at.
The European Business and Investment Magazine iconannual 71