According to the "Life Science Austria 2013" report, which will be presented at Bio-Europe in Vienna (4-6 November 2013), 723 biotech, pharma plus med-tech companies and suppliers generated revenues of over €17.7bn in 2012 – roughly 5.4% of the country’s GDP– employing more than 50,000 staff. What is more, the number of so-called ‘dedicated’ biotech companies grew during the period from 77 in 2013 to 95 in 2012, a 23% growth compared to the numbers of companies with biotech as a core business in 2010. The OECD-compliant data were collected by BIOCOM, making them internationally comparable. Germany and Switzerland have also recently published such OECD-compliant statistics.
An additional study now describes Austria’s largest life Science cluster LISAvienna. A summary of figures from the Vienna Life Science Report 2013/14 capturing more than 60% of the branch clusters around Austria's capital, 378 companies in the fields of biotechnology, pharmaceuticals and medical technology employ 21,031 staff and generated €9.1bn revenues in 2012. A further 25 research institutions employed an additional workforce of 14,289 publishing 5,733 scientific publications and supervising 38,290 students. This brings the total to 35,320 highly skilled jobs in the fields of life science, biotechnology & pharmaceuticals and medical technology in Vienna.
"The numbers clearly show that the boom in the life sciences in Vienna continues, and the industry continues to play a key role as an employer, with valuable local jobs," commented Renate Brauner, Vice Mayor and Finance Councillor of the City of Vienna. "The successes have motivated more and more people to start-up businesses. In this way, in translational projects, pioneering innovations from basic research are developed into marketable products," said Johannes Sarx, one of the two Managing Directors of LISAvienna. Exclusive reports detailing the Life Science Austria Report as well as the OECD-compliant figures from the Swiss biotech sector are published in European Biotechnology News 10/2013.