Bild © Land OÖ/ Max Mayrhofer

30 years of Business Upper Austria – From start-up to innovation driver

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by Oxana Schmidt

Success factor for regional economic policy

Founded in 1991, in the aftermath of the nationalisation crisis and in times of high unemployment, the Technology and Marketing Company (TMG) was intended as a contact point for companies to promote the establishment of businesses and new technologies. “Today, the ‘start-up’ TMG has become the Upper Austrian location agency Business Upper Austria, which, with its holdings, is the central hub in Upper Austria’s innovation network. The core tasks have remained, but the major challenges such as climate change, structural change, demographics and the digital transformation demand more than ever the role of an innovation engine that provides comprehensive support to companies at the location,” explained Governor Thomas Stelzer and Provincial Councillor for Economic Affairs Markus Achleitner on the occasion of the 30th anniversary of the Upper Austrian Business Upper Austria Location Agency.

30 years of the Upper Austrian Business Location Agency in figures

  • 1,500 company relocations or expansions with an investment volume of 8.6 billion euros – more than 32,000 jobs were created or secured through these investments
  • 965 cooperation projects with more than 3,500 participating companies
  • 1,000 successful projects in TIM – Technology and Innovation Management
  • 3,000 customer consultations per year
  • 1,400 projects from science, business and industry in the eleven research centres of the UAR Innovation Network annually

Congratulations to our consortium member of the NEFI Innovation Network.

Further information about Business Upper Austria.