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The Vienna Science and Technology Fund (Wiener Wissenschafts-, Forschungs- und Technologiefonds; WWTF) was set up in 2001 in order to encourage top-performing research work in Vienna and make Vienna attractive for international scientists. Its formation also served to emphasise the importance of basic research to provide an impetus for developing new technologies and insights for the City of Vienna.
The WWTF draws its funding from a private bank foundation and contributes to:
The WWTF identifies focus subjects for its funding in the form of thematic programmes that have a life span of several years each. Within the scope of these programmes, time-limited calls are regularly organised for either of the two funding instruments (project funding or research group funding), which are covered by call-specific guidelines and tenders:
The WWTF provides funding to major scientific projects in basic research which offer the prospect of economic or social benefits in the mid term. Funding is granted towards the cost of staff, investments, networking and management. To be eligible, projects must have a term between two and four years. Funding ranges from a minimum of €200,000 to a maximum of about €1m.
With funding from the the City of Vienna, the WWTF aims at attracting promising young researchers from abroad to build up there first "own" research group here and to give them a long-term perspective at the research location Vienna. The maximum funding sum available per research group is 1.5 mio. € for a period of six to eight years.
Research facilities in Vienna, and in particular universities, are encouraged by WWTF Calls for Science Chairs to hire an excellent researcher from abroad as professor to set up and manage a research group in Vienna. The maximum overall funding granted by the WWTF is €1.5 mio. for a period of four to five years.