Magna Steyr will produce the new BMW 5 Series in Graz
BMW vehicles will be manufactured in the Styrian capital of Graz again following a break of six years.
Magna Steyr will produce BMW 5 Series cars starting at the beginning of 2017. Graz will serve as the second location for manufacturing the vehicles in addition to Dingolfing in Germany. The contract with Magna to assemble the BMW 5 Series will extend over the entire cycle of the car model.
By outsourcing production, BMW hopes to ensure a high level of flexibility. BMW considers Magna Steyr to be a long-term strategic partner.
OECD: Austria is a country for vocational education
Austria is a country of (vocational) education. Seven out of ten pupils at the upper secondary level are in a vocational training program (apprenticeship, vocational secondary school or vocational college).
This is the second highest rate in the OECD ex aequo with Finland, surpassed only by the Czech Republic at 73%. The average is 44% as concluded by the latest OECD study “Education at a Glance”.
37% of pupils in Austria at the upper secondary level attend a vocational school (OECD: 31%), 33% are involved in apprenticeship training (OECD: 13%). The remaining 30% (OECD: 56%) are getting a general education in the upper grades of an academic secondary school.
Austria spends a considerable amount on vocational education. Expenditures total USD 16,554 per pupil for apprenticeships and vocational schools.
Austrian wants to land on the moon with the first private vehicle
"First we were considered to be crazy boys working in a garage.” In the meantime, the Berlin-based company PT Scientists is negotiating a rocket launch with NASA and the company SpaceX, according to the company’s technical manager Jürgen Brandner, who was born in Austria.
At the end of 2017, the “part time scientists” want the first private vehicle to operate on the moon, and also succeed in the marketplace.
The underlying reason for the well-developed plans for the first private moon mission was a competition organized by Google in 2007. The Google Lunar X-Prize (GLXP) endowed to the sum of USD 30 million. At least 90% of this amount will go to the privately-funded team whose lunar vehicle (rover) travels 500 meters on the moon.
In the meantime, the “leisure-time” researchers have established a company with the objective of developing promising, future-oriented technologies for aspiring companies involved in private spaceflight beyond the horizon of the Google competition.
Subsidiary planned in Austria
In the following years, the company was given two GLXP intermediate prizes. A team of twelve employees is working on the project, but there are a larger number still of “part-time researchers”. The company plans to set up a subsidiary in Austria due to the strong Austrian involvement in the project, comprising about 50% of the people working as researchers and technicians.
In fact, Brandner is convinced that some ten years after the Google tender, the Autonomous Landing and Navigation Module ("Alina") (with a weight of 210 kilograms), transporting the two “Audi lunar quattro” rovers (each with a weight of 30 kilograms, length of one meter, height of about 60 centimeters and width of 75 centimeters), will actually land on the moon.
The name of the partner shows that the company has attracted a potent industrial partner. The company has also learned a lot from research partners such as the German Aerospace Center (DLR) and cooperation agreements with German and Austrian universities.
The start of the moon mission is within a time frame of the end of 2017 to the middle of 2018. There are four to five serious competitors.
15 highly endowed EU research grants for young Austrian researchers
The European Research Council (ERC) is distributing a total of EUR 485 million in funding. The money will be given to 325 researchers, including 15 Austrians and ten who are working in Austria.
The money will be given to 325 researchers, including 15 Austrians and ten who are working in Austria.
The young and talented researchers will receive a so-called ERC Starting Grant for five-year basic research projects. The funding for each grant totals up to EUR 1.5 million. Most of these ERC Starting Grants were allocated to scientists working in research facilities in Germany (61), followed by Great Britain (59), France (46), Netherlands (29) and Switzerland (20).
Successful round of financing for the wireless technology provider endiio
The startup endiio based in Innsbruck is pleased to have attracted the aws Founder Fund and Situlus Holding as its new shareholders.
The six-digit euro funding will primarily serve to further develop the energy self-sufficient wireless technology as well as to finance the market launch of the company. Since endiio was established in 2015, it has already furnished the proof-of-concept on the basis of partnerships with prominent industrial companies.
endiio is a spin-off company from the University of Freiburg. When it was founded in February 2015, it decided, with the assistance of the Tyrol Business Promotion Agency.
The innovation of the startup located in Innsbruck is based on a new, patented wireless technology. Thanks to the technology developed by endiio, tens of thousands of sensors can wirelessly communicate in an individual, robust, simple and energy-saving manner with just one single central device. Large sensor networks in different areas of application of the industrial Internet of Things can thus be efficiently operated without requiring maintenance.
[Event] Private Capital: Leap To Performance
Date: 7 Oct 2016
EURUS is the foremost private capital forum bringing together leading asset managers, institutional investors, top-tier consultants and entrepreneurs from across Europe, Russia/CIS.
A forward-looking and performance-driven initiative, EURUS 2016 offers a highly engaging and interactive platform for leaders in private equity, venture capital and real estate to share key insights into cross-border, cross-sector investment opportunities and to explore cutting-edge solutions to emerging market challenges.
Delegates will reap value, substance and foresight in critical issues shaping private capital markets as they hear from and interact with world-class speakers and peers from a dozen countries, availing of exceptional networking, benchmarking and deal-making opportunities. Keynotes include Mark O’Hare, Founder and Chief Executive at Preqin and world renowned innovator, entrepreneur and investor Dr. Alexander (Sasha) Galitsky, Co-Founder and Managing Partner at Almaz Capital.
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