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Product Innovation Project

7 months, 7 ECTS, up to 10.000 Euro budget – at the Product Innovation Project (PIP) teams consisting of innovation-hungry students from various study fields and nationalities face a real-life challenge, posed by industry partners. The aim is to develop a product concept, a functioning prototype and a business plan and to present them to a broad audience from industry and research during a closing event.

Students will have access to the premises of the "Schumpeter Laboratory for Innovation" opened in 2019. With its digital production machines for prototype construction, meeting rooms with touch screens and conference systems and the Design Lab with state-of-the-art communication and media technology it provides the perfect support for this project.

Patrick Herstätter
Patrick HERSTÄTTER, Head of the Product Innovation Project 2019/2020

The Product Innovation Project is a unique course that offers students the opportunity to solve real problems through creative methods, professional support and a budget in an interdisciplinary and international environment!

Cheering participants of the Product Innovation Project


  • Name: Product Innovation Project (PIP)  
  • Tasks: Internationally-oriented innovation project on solving real-life challenges from industry
  • Address:
     Inffeldgasse 11/III
    8010 Graz  
  • Contact:

  • Target group: interested and motivated students of all fields

Services for Students

  • Professional Coaches: Mentors from industry and research share knowledge from innovation and project management, design thinking and team building
  • Up to 10,000 Euro budget to solve real challenges of industry partners
  • Interdisciplinary and intercultural cooperation with students worldwide
  • Access to the modern Schumpeter Laboratory for Innovation and thus to digital production machines (3D printers, waterjet cutters, laser cutters, ...) and state-of-the-art presentation infrastructure (30 m2 LED wall, video conferencing systems, 7.1. sound system, ...)
  • Final presentation of the results to an audience from industry and research
  • 7 ECTS credits
  • Establishment of private and business networks


  • Over 13 years of experience with more than 50 projects and over 35 industrial partners
  • More than 400 students from over 50 nations, 40 universities and 50 fields of study
  • Multiple filing of patents
  • Numerous job offers from the partner companies to students from the project teams
  • Steadily increasing popularity with both industry and students
  • Cooperation with international companies such as Google, University of Oxford, Magna, Andritz, Porsche Holding, LogicData and many more
  • Cooperation with international universities, including New York, Marburg and Helsinki


Are you tired of just sitting in frontal lectures? Are you ready for a 7-month real challenge with a focus on innovation and product development? Then apply now for PIP, a course where we do not only teach but live innovation!