Life Science Report Austria 2024     Dear Reader, did you know that Austria’s life sciences sector is reaching new record highs? According to the Life Science Report Austria 2024 the dynamic industry encompasses more than 1,170 companies, employing approximately 73,400 people and generating nearly €40 billion in total revenue. Of these, around 45,500 individuals are directly engaged in life sciences activities, which account for roughly €27 billion in revenue. Between 2021 and 2023 alone, 146 new companies were established – many of them spin-offs from universities. During this period, existing companies increased their workforce by about 13% and boosted their revenues by 20%. Austria’s specialized biotechnology companies recently invested approximately €480 million in research and development. Over the past decade, domestic R&D spending has grown at a rate 1.5 times higher than the OECD average.   The Life Sciences Sector at a Glance Austria’s life sciences sector encompasses medical technology, biotechnology, and the pharmaceutical industry. Medical Technology: Austria is home to 642…