The Mission Statement of the Institute for Entrepreneurship & Innovation

Entrepreneurship is the driving force for business start-ups and innovation processes. These dynamic activities are of particular importance for the economy as a whole. New ideas can be successfully implemented by new companies, but existing organizations also have to reinvent themselves through innovations in order to be successful in international competition.

In teaching, our goal is to provide our students with first-class knowledge in the fields of entrepreneurship and innovation. In doing so, we are guided by the leading international universities and business schools.

We teach theories, methods and scientific knowledge in our courses. However, we do not stop with the knowledge transfer, but rather shape the entrepreneurial thinking and behavior of our students in real innovation and start-up projects.

Through their entrepreneurial profile, our graduates qualify for various career paths. In addition to owning or acquiring an existing company, occupations such as innovation managers, assistants in management, analysts in venture capital companies or company consultants are typical starting positions. In research, we are working on open problems in the fields of entrepreneurship and innovation. Due to the dynamism and the goal of entrepreneurial processes, this research field is challenging, but there are laws and patterns that can be discovered. Our scientific approach is real-theoretical. This means that we focus on problems of general relevance, structure them by economic and behavioral theories, and empirically test them against reality. We publish the results of our research activities in international scientific journals and make them accessible to corporate practice.

In teaching and research, we work closely with practice as well as national and international research institutions.

In 1999, the Federal Ministry of Science and Transport of the Vienna University of Economics and Business Administration approved the setting up of a foundation professor. The founder of the WU Vienna, Prof. Hans Robert Hansen, the Austrian National Bank, Bank Austria, the Austrian Economic Chamber, the Vienna Economic Chamber and Berndorf AG were able to win the prize. Promotors of this promotion were among others. General Secretary Christian Domany, Dr. Rene Alfons Haiden, Governor Dr. Klaus Liebscher, President Dr. Christoph Leitl, Federal Chancellor Leopold Maderthaner, Senator h.c. Komm. Advice Walter Nettig, KR Dkfm. Gerhard Randa, Vice Governor Gertrude Tumpel-Gugerell, KR Adolf Wala and Mag. Norbert Zimmermann.