More innovation at Austria's universities: “Spin-off Austria” initiative launched
Published
Austria aims to play a stronger role in the founding of innovative companies in the future. Renowned entrepreneurs Hermann Hauser and Herbert Gartner have therefore launched the “Spin-off Austria” initiative. The goal of the project is to significantly promote academic entrepreneurship at domestic universities and universities of applied sciences.
Many scientific ideas originate at Austrian universities but often fail to reach the market. The founders of the initiative see great potential here for the domestic economy. Through better framework conditions, scientists are to be motivated to transform their research results into their own companies.
Among other things, the “Spin-off Austria” initiative is calling for simpler rules for the commercialization of intellectual property. In addition, the exchange between research and private investors is to be improved. If academic ideas become products faster, the entire Austrian business location will benefit from new jobs and technological progress.
The project is supported by various experts from business and science. Together, they want to create an environment in which entrepreneurship at universities becomes the norm. In the coming months, concrete proposals are to be developed to further reduce bureaucratic hurdles for founders.
In summary, it can be said that Austria wants to take a step toward a stronger culture of innovation through this initiative. If the cooperation between universities and the economy succeeds, this could secure the country's competitiveness in the long term.
Sources: DiePresse.com
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