Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Austria hails 'brain gain' in luring 25 academics away from US after cuts
    Headlines

    Austria hails 'brain gain' in luring 25 academics away from US after cuts

    Published by Global Banking and Finance Review

    Posted on September 25, 2025

    2 min read

    Last updated: January 21, 2026

    Austria hails 'brain gain' in luring 25 academics away from US after cuts - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:researchinnovationFunding

    Quick Summary

    Austria attracts 25 US academics with grants amid US funding cuts, enhancing its research landscape. This move is part of a broader European strategy.

    Table of Contents

    • Austria's Strategy to Attract Academics
    • Details of the Grants
    • Impact on Research and Teaching

    Austria Celebrates 'Brain Gain' by Attracting 25 US Academics

    Austria's Strategy to Attract Academics

    VIENNA (Reuters) -Austria has lured what it calls 25 "top researchers" away from U.S. institutions including Harvard, the Massachusetts Institute of Technology and Princeton with grants set up in response to the Trump administration's funding cuts targeting universities.

    Recipients of the grants of 500,000 euros ($587,000) each over two years range from post-doctoral researchers to professors and work in fields such as physics, chemistry and life sciences, the Austrian Academy of Sciences said in a statement on Thursday.

    "Thank Trump for this brain gain," the academy's president Heinz Fassmann said.

    Details of the Grants

    "We have succeeded in bringing these outstanding individuals from the United States to Austria. They bring with them new ideas, new perspectives and international networks. That is a big win for Austrian science," he added, without naming them.

    U.S. President Donald Trump has cracked down on universities over a range of issues like pro-Palestinian protests against U.S. ally Israel's assault on Gaza, transgender policies, climate initiatives and diversity, equity and inclusion programs.

    The White House has said even with the cuts, the U.S. would still account for the most global research funding

    Austria is among the countries that have responded by seeking to lure away academics currently working at universities in the United States. In March, 13 European countries including France, Germany and Spain, urged the EU Commission to move fast to attract academic talent.

    While Austria is better known for the intellectuals it produced in the 19th and early 20th centuries, such as psychoanalyst Sigmund Freud or quantum physicist Erwin Schroedinger, it currently has four universities in the global Shanghai ranking's top 300.

    Impact on Research and Teaching

    Recipients of the grants will start work this year at Austrian universities or research institutions.

    "At a time when political interference and authoritarian tendencies are encroaching on research and teaching, we are taking a strong stand against them," Austria's minister for science and research, Eva-Maria Holzleitner of the Social Democrats, said.

    ($1 = 0.8519 euros)

    (Reporting by Francois Murphy; editing by Alexandra Hudson)

    Key Takeaways

    • •Austria attracts 25 top US academics with grants.
    • •Grants offered in response to US funding cuts.
    • •Fields include physics, chemistry, and life sciences.
    • •Austria aims to enhance its research landscape.
    • •European countries seek to lure US academic talent.

    Frequently Asked Questions about Austria hails 'brain gain' in luring 25 academics away from US after cuts

    1How many academics has Austria attracted from the US?

    Austria has attracted 25 top researchers from U.S. institutions.

    2What is the value of the grants offered to these researchers?

    Each researcher receives grants of 500,000 euros ($587,000) over two years.

    3What fields do the recipients of the grants work in?

    The recipients work in various fields including physics, chemistry, and life sciences.

    4What has prompted Austria to attract US academics?

    Austria's initiative is a response to political interference and cuts in research funding in the US.

    5What historical figures are associated with Austrian academia?

    Austria is known for intellectuals like Sigmund Freud and Erwin Schroedinger from the 19th and early 20th centuries.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Russia's pipeline gas exports to Europe jump 10% in January on year
    Russia's pipeline gas exports to Europe jump 10% in January on year
    Image for Gaza border reopening long awaited by stranded Palestinians
    Gaza border reopening long awaited by stranded Palestinians
    Image for Explainer-What's next for Trump's Gaza plan after Rafah reopening?
    Explainer-What's next for Trump's Gaza plan after Rafah reopening?
    Image for Tens of thousands of transport workers walk off job in Germany
    Tens of thousands of transport workers walk off job in Germany
    Image for Israel reopens Gaza's Rafah border crossing to Egypt, with limits
    Israel reopens Gaza's Rafah border crossing to Egypt, with limits
    Image for Iran warns of regional conflict if US attacks, designates EU armies 'terrorists'
    Iran warns of regional conflict if US attacks, designates EU armies 'terrorists'
    Image for Analysis-Europe's $955 billion recovery fund struggles to transform economy
    Analysis-Europe's $955 billion recovery fund struggles to transform economy
    Image for Russia's Medvedev says expiry of New START should alarm the world
    Russia's Medvedev says expiry of New START should alarm the world
    Image for Germany closer to US than China despite recent tensions, foreign minister says
    Germany closer to US than China despite recent tensions, foreign minister says
    Image for Supply snags, political turmoil undercut aviation growth
    Supply snags, political turmoil undercut aviation growth
    Image for Russia does not want a global conflict, Medvedev says
    Russia does not want a global conflict, Medvedev says
    Image for UK Treasury offers up to 100,000-pound exit packages to cut hundreds of jobs, FT reports
    UK Treasury offers up to 100,000-pound exit packages to cut hundreds of jobs, FT reports
    View All Headlines Posts
    Previous Headlines PostFrench model and singer Carla Bruni stands by her man after Sarkozy jail sentence
    Next Headlines PostPalestinian leader pledges to work with Trump, others on UN-backed Gaza plan