As a new key technology, artificial intelligence (AI) has enormous potential to significantly change the economy and society. Turnover in the AI sector is expected to increase by up to 40% by 2027.
To leverage this potential and create added value for Austria as a business and research location, the three research funding agencies aws, FFG, and FWF have launched a joint funding initiative called AI Mission Austria (AIM AT). Through comprehensive funding for basic research, applied research, and business applications, this initiative is making a valuable contribution to creating a sustainable ecosystem around the key technology of artificial intelligence. The initiative is being funded by the Fonds Zukunft Österreich.
A total of €12 million was approved by the Fonds Zukunft Österreich this year, and the FWF has been allotted a funding volume of €1.9 million for AI Mission Austria projects. Applications can be submitted under several programmes starting 3 November 2022.