Funding

To realize the establishment of the smartfactory@tugraz approximately 4 Mio. € had to be invested. 50 % of these funds came from BMK (Federal Ministry Republic of Austria,   Climate Action, Environment, Energy, Mobility, Innovation and Technologie - former BMVIT), the contribution of our industry partners amounts to around 45 % (find details in chapter "Founding Partners"), and last but not least 5 % were provided by TU Graz.

FFG (The Austrian Research Promotion Agency) was responsible for funds allocation and project support.

The grantee is the Institute of Production Engineering  (IFT) at TU Graz, which also pursues the project.