„Scientific research has always been a rewarding intellectual activity. But in the last few decades, scientific knowledge has also become a leading economic asset. Today, sustainable human development depends on a successful research program, starting with a top quality effort in basic science. Current developments in European science policy, proposed increases in Austrian research spending and other global trends, including the eastward expansion of the European Union, create a golden opportunity for the establishment of a new leading Austrian institute of basic research, engaged in a variety of scientific fields.” (Report of the International Committee, Haim Harari, Olaf Kübler, Hubert Markl, June 2006)
IST Austria is a post-graduate academic institution. It will perform basic research at a world-leading standard and shall open up and develop new areas of research. At the 2002 Technology Forum in Alpbach, Anton Zeilinger suggested establishing a new outstanding institute for basic research. A draft concept was presented in the year 2005. The legal basis for the institute is the Federal Law on the Establishment of the Institute of Science and Technology Austria (IST Austria). An International Committee consisting of Haim Harari, Olaf Kübler and Hubert Markl published a report on the setting-up of the Institute in June 2006. The Board of Trustees was formed in December 2006.
