🚀 Could Austria Be Europe’s Next XR and VR Hub? 🇦🇹
Austria is emerging as a key player in the XR (Extended Reality) and VR (Virtual Reality) sectors, thanks to government funding, enterprise adoption, and a strong academic foundation as reported in the article on Sifted here 👇https://lnkd.in/dE75n_ef.
With over 3,200 startups and €596 Million raised in 2023 alone, Austria’s tech ecosystem is booming. 🌟
Here are a few startups driving XR/VR innovation in Austria:
🔴 Innerspace - The Simulator Company: Specializes in plug-and-play VR training solutions. Recently raised €5.7 Million from international VCs, a strong signal of growing confidence in Austria’s VR potential. 💡
🔴 NXRT - Automotive: A mixed reality automotive solutions company, raised €5 Million this year. NXRT is at the forefront of integrating XR into the automotive sector, reshaping how industries use immersive technology. 🚗
🔴 blackshark.ai: Partnered with Microsoft to create detailed digital twins for Microsoft Flight Simulator. Their expertise in high-fidelity simulations highlights Austria’s leadership in AR/VR. ✈️
🇦🇹 Moreover, Austria is home to major players like Qualcomm and Snap Inc., both of which have established R&D centers in Vienna, attracted by the country’s talent pool and thriving research landscape.
With over 100 XR-focused R&D projects spanning sectors like healthcare, mobility, and education, Austria is well on its way to becoming a European XR and VR hub.
As Matthias Grabner from AI Austria says, "The real strength of Austria lies in the in-depth use case knowledge our ecosystem has developed over the years."
Austria’s unique collaboration between startups, research institutions, and enterprises is accelerating innovation and market readiness.
🌍 Is Austria the next XR/VR hotspot in Europe?
Time will tell, but the momentum is undeniable. 🚀
#tech #XR #Innovation #VR #Leadership #AustriaTech #Startups #InnovationHub #DigitalTwins #Funding #AutomotiveTech #Research #Development #EnterpriseTech #Healthcare #MobilityTech #AugmentedReality #VirtualReality #Collaboration #entrepreneurship #investment Austrian Business Agency österreichische Industrieansiedlungs- und WirtschaftswerbungsgmbH
Top Creativity & Innovation Voice | Award-winning VR Director | SXSW Advisory Board Member | People Connector | AI-curious | Forbes Top 20 EU women founders | Momtrepreneur | gabsplaining creative tech since … uff… 😁
2moYou see? This is what I have kept saying all these years since 2015 when Axel Dietrich and I founded vrisch and XRVienna :) I can testify that this is absolutely true! One small thing, though. It would be great to mention some of the startups with the research institutions and unicorns that have also helped the ecosystem grow. VR many of them in Austria! :D