About

The Spin-off Austria Initiative has been initiated by Hermann Hauser and Herbert Gartner – two renowned Austrian investors – and their respective companies Hermann Hauser Investment GmbH, I.E.C.T. – Hermann Hauser and eQventure GmbH. The long-term goal of the initiative is to raise the awareness that entrepreneurship must be a third mission of Austrian universities, universities of applied sciences and research institutions next to research and teaching. The direction of the Spin-off Austria Initiative is set by its committee which is composed of internationally successful entrepreneurs as well as university leaders and experts.

343.984
Students

The number of students in the academic year 2020/2021 in Austria (reference date February 2021). In 2017, Austria invested 45% more per student from primary to tertiary education than the OECD average.

€ 12,1 BILL.
RTI

The volume that the Austrian government and Austrian companies have invested in research and development in 2020. This corresponds to 3.23% of the GDP. In 2019 only Sweden has invested a higher proportion of its GDP in R&D within the EU.

16
University
Spin–Offs

According to the annual reports, this is the number of newly founded university spin-offs at public universities (without universities of applied sciences and non-university research institutions) in Austria in 2020. The output seems rather low when compared to the investment in students and R&D.

Hermann Hauser

Mission

The Spin-off Austria Initiative supports the third mission in Austria with:

The Spin-off Austria Conference which builds the culmination of its activities in each calendar year by highlighting  the developments in Austria and connecting the Austrian ecosystem with international best-practice.

The Spin-off Austria Dashboard which will create transparency about the yearly figures in the Austrian spin-off ecosystem by recording the efforts of the higher education institutions in a standardized manner.

A combination of training, networking and lobbying activities to ensure the embedment of the accurate incentive systems and procedures within the spin-off community in accordance with relevant stakeholders and institutions.

Vision

The Spin-off Austria Initiative wants to create a flourishing spin-off ecosystem with a significant number of additional university spin-offs and academic start-ups  –  at least 1.000 newly founded companies  –  by 2030. This goal shall be reflected by future performance agreements between the Austrian Federal Ministry of Education, Science and Research and individual higher education institutions. The Spin-off Austria Initiative and its supporters will facilitate the establishment of the third mission as a sparring partner with role models, know-how and international benchmarking.

Dr. Alexander Van der Bellen
Dr. Alexander Van der Bellen
Statement of the Federal President
of the Republic of Austria

"I welcome the Spin-off Austria Initiative and its efforts to promote the “Third Mission” in addition to Teaching and Research at Austrian Universities and Technical Colleges. The Third Mission deals with the Translation of Research to the benefit of society. This should not end with the publication of great research papers but must include the application of the findings to real world problems like climate change, electrification of transport, and making our industry more efficient and producing less waste. A key part of the translation process are Spin-offs and I hope this initiative can contribute to a rapid acceleration of the formation of Spin-off Companies from Austrian research institutions."

Dr. Alexander
Van der Bellen
Source: Peter Provaznik
Statement of Christoph Huber

"As a medical doctor, it has always been central for me to transfer the knowledge from science to business. This is the only way to create new treatments and medications. Since 1990, I have been working at the University of Mainz, where I found an excellent environment that enabled me to found several spin-offs. The most well-known is BioNTech, which launched the first vaccine against Covid-19 in cooperation with Pfizer. I joined the Spin-off Austria Initiative committee because I am convinced that Austria needs sustainable structures to provide founders with the opportunity to create interesting companies. In this context, I am happy to offer my international expertise."

Christoph Huber
Spin-off Austria Committee
DI Herbert Gartner
Statement of DI Herbert Gartner

"Austria’s universities, research institutions and enterprises are investing 12.1 billion euros in the field of research and development each year. This shows that Austria is amongst the most innovative countries with thousands of scientists, researchers and engineers. Therefore it is surprising that our country does not have more university spin-offs and startups dealing with science and deep tech. All we need is political will and business drive to launch these socially and economically beneficial companies."

DI Herbert Gartner
Initiator & Spin-off Austria Committee
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Committee & Team

Herbert Gartner (Commitee)
DI Herbert Gartner
Co-Founder & CEO eQventure
Hermann Hauser (Committee)
Dr. Hermann Hauser
Co-Founder Amadeus Capital Partners, Vice-Chair EIC Pilot Advisory Board
Harald Kainz (Committee)
Prof. DI Dr. Harald Kainz, Ph.D.
Rector of Graz University of Technology
Ludovit Garzik
DI Dr. Ludovit Garzik
Managing Director of the Austrian Council for Research and Technology Development
Giulio Superti-Furga (Committee)
Prof. Giulio Superti-Furga
Scientific Director CeMM, Professor for Medical Systems Biology, Medical University of Vienna
Jasmin Güngör (Committee)
Mag. Jasmin Güngör
Investment Manager and Authorised Signatory of Hermann Hauser Investment GmbH
Christoph Huber
Christoph Huber
Co-Founder of BioNTech
Lucas Hauser (Team)
Lucas Hauser
Investment Manager of Hermann Hauser Investment GmbH
Klara Brandstätter (Team)
Klara Brandstätter
Managing Director of I.E.C.T. Hermann Hauser Management GmbH

In cooperation with

Austrian Angels Investors Association
AplusB
Austrian Council for Research and Technology Development
Austrian Private Equity and Venture Capital Organisation
Austria Wirtschaftsservice
Federal Ministry Republic of Austria Education, Science and Research
Federal Ministry Republic of Austria Digital and Economic Affairs
Federal Ministry Republic of Austria Climate Action, Environment, Energy, Mobility, Innovation and Technology
eQventure
Österreichische Forschungsförderungsgesellschaft
Hermann Hauser Investment GmBH
IECT Hermann Hauser
Industriellen-Vereinigung
Austrian Universities of Technology
Österreichische Universitätenkonferenz
Wirtschaftskammer Österreich
Wissenstransferzentrum
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