Vienna, May 3rd – TU Wien Academy (ACE) and the prestigious California Institute of Technology (Caltech) have forged a groundbreaking partnership aimed at addressing the needs of European and U.S. companies and their executives in today’s demanding global markets. This collaboration seeks to provide companies with a competitive edge by helping them realign their supply chains, enhance production systems, and drive the adoption of deep technologies.

This partnership combines the world-class expertise of both institutions in technology, management, and leadership. By pooling their resources and knowledge, Caltech and ACE are committed to providing comprehensive solutions to the challenges companies face in the fast-evolving business environment.

As part of this collaboration, a new Executive MBA in Engineering Management has been developed. Offered jointly by TU Wien and Caltech, the program merges the strengths of both institutions to deliver a unique educational experience. Participants will gain insights into cutting-edge technologies, acquire management and leadership skills, and learn how to navigate the complexities of global markets.

Key Program Highlights

The focus of this collaboration is on the Executive Engineering MBA, which is hosted by TU Wien and includes a semester at Caltech’s prestigious campus in the United States. The program offers aspiring professionals a transformative educational journey, equipping them with the skills, knowledge, and entrepreneurial mindset required to tackle the complex challenges of the 21st-century engineering world.

Central to this partnership is a shared vision to strengthen ties between the United States and Austria and promote global collaboration in education and innovation.

"We are thrilled to partner with TU Wien in this transformative collaboration," said Rick Hefner, Director of the Graduate Unit CTME at Caltech. "Together, we will shape the future of education by integrating cutting-edge research, fostering interdisciplinary collaboration, and nurturing a new generation of leaders who will drive innovation and push the boundaries of what is possible."

"We firmly believe that education is the foundation for progress and prosperity," stated Prof. Wolfgang Güttel. "By merging Caltech's academic excellence and forward-thinking spirit with the rich heritage and innovative power of TU Wien, we are creating a platform that empowers our students to become the shapers of tomorrow."

The collaboration will offer students an unparalleled educational experience and facilitate a seamless exchange of ideas, fostering a vibrant environment of innovation and entrepreneurship. Leveraging the intellectual capital and educational expertise of both institutions, this partnership aims to drive industry-wide progress and enable graduates to make a tangible impact on society.

Empowering Professionals for Global Leadership

The Engineering Management program is designed to equip professionals with the skills needed to lead international teams in a rapidly evolving, technology-driven environment. It empowers individuals to tackle global challenges, make strategic decisions, and achieve long-term success in today's dynamic business world.

Participants will benefit from the combined expertise and practical insights of distinguished faculty members from both TU Wien and Caltech, ensuring a top-tier educational experience that blends theoretical rigor with real-world application. The program offers specializations in Operations & Supply Chain Management, Deep Tech, and Systems Engineering, allowing participants to tailor their studies to their specific interests and career goals.

"We are excited to introduce this transformative Engineering Management program in collaboration with Caltech," said Prof. Kurt Matyas, Vice-Rector for Teaching and Learning at TU Wien. "By combining the strengths of our institutions, we aim to provide professionals with the essential skills and knowledge to excel in leadership roles and tackle the challenges of a fast-paced, technology-driven world."

This partnership reflects TU Wien and Caltech's commitment to equipping individuals with the expertise needed to lead in a globalized economy. The Engineering Management program provides professionals in Austria with a unique opportunity to gain a competitive advantage and unlock their potential for success.

Formal Announcement

The formal announcement of this collaboration took place on May 3rd at the main building of TU Wien. A distinguished panel, including Jens Schneider, the future Rector of TUW, and Wolfgang Petritsch, President of the Marshall Plan Foundation, shared their insights on the significance of this partnership and its potential to reshape the educational landscape.

"Our USP is the fusion of more than 200 years of developing 'technology for people' with modern deep-tech research and education," explained Jens Schneider. "Embedded in Vienna's unique and diverse cultural environment, TU Wien is the place to be. Studying in the world's most livable city, in the heart of Europe, is an enticing option. For centuries, society, economy, and industry have sought solutions to global future challenges, and TUW has always contributed to them."

"The collaboration between TU Wien and Caltech’s postgraduate institutions represents a profound commitment to fostering global academic exchange," added Wolfgang Petritsch, President of the Marshall Plan Foundation. "By combining our strengths in engineering and business education, we can address the complex challenges of modern society and drive technological advancements that will benefit not just Austria but the entire world."

About Caltech

Caltech is a world-renowned institution dedicated to advancing the frontiers of scientific knowledge and technological innovation. With a rich heritage of groundbreaking research and a commitment to interdisciplinary collaboration, Caltech has established itself as a global leader in scientific and technical education.