Graduates Master of Science in Information Systems

As in every summer in recent years, the International Media Academy brought life to the University of Liechtenstein campus this August. This year, however, it was time to say goodbye to a long-standing member.

Elisabeth Neumann had been with the International Media Academy for Journalism and PR at the University for eleven years, sharing her wealth of experience and constructive feedback with many young media talents. The German journalist spent her very last working day in Vaduz and celebrated her retirement on August 6 with students, course director Claudia Schanza, and program secretary Kirsten Steinhofer.

The four-week program is a practical introduction to the world of media and PR, teaching the ABCs of journalism. Students learn how to find exciting topics, ask critical questions, conduct interviews, and write press releases. They gain insights into both traditional and modern media sectors and write their own articles. www.uni.li/journalismus

The University of Liechtenstein can look back on a successful 2023. One particular highlight was the successful accreditation of the Liechtenstein Business School and the Liechtenstein Business Law School in accordance with AACSB standards. There were also positive developments in other areas, such as student numbers and research performance.

Organizational developments

Since January 1, 2023, the university has been divided into three subject-related and two teaching-related schools. This completed a long transformation process. The new organizational structure was further consolidated in the reporting year. However, 2023 was also characterized by two personnel changes at the top of the university. In April, Lothar Ritter succeeded Klaus Tschütscher as President of the University Council and in August 2023, Christian Frommelt took over from Markus Jäger as Rector of the University of Liechtenstein.
Following the completion of the transformation process and under the new leadership, the university will once again focus more on its concrete achievements and impact. The focus will be on consecutive teaching, continuing education and research. However, knowledge and technology transfer as well as knowledge dissemination and thus dialog with the public are also important areas of activity for the University of Liechtenstein.

Internationally recognized quality strategy

The University of Liechtenstein attaches great importance to high quality teaching and research. Every six years, the quality of the entire University of Liechtenstein is reviewed by the Swiss Accreditation Council. In addition, the subject-related schools each undergo an internationally recognized accreditation tailored to the respective subject area.
A particular success in 2023 was the award of the internationally highly respected AACSB accreditation to the Liechtenstein Business School and the Liechtenstein Business Law School. After the Liechtenstein School of Architecture had already received accreditation from the renowned Royal Institute of British Architects (RIBA) for all programme levels (BSc, MSc and PhD) several years ago, all three specialist schools now have internationally recognized proof of quality.
In 2023, researchers at the University of Liechtenstein produced over 170 publications and scientific presentations. These included numerous publications in internationally top-ranked journals. Third-party funded projects are also of particular importance. In addition to numerous funding commitments for new Erasmus+ projects, the University of Liechtenstein received a positive funding commitment for an Innosuisse project in 2023. In line with the new performance orientation, work has also begun on various applications that will be submitted to the various funding instruments in 2024.

Attractive environment for students and staff

The university celebrated numerous other successes last year. In consecutive teaching, 214 people began their studies at the University of Liechtenstein in 2023. This represents an increase of 26 percent compared to the previous year. 175 students successfully completed their studies. Fortunately, the majority of graduates remain in demand as employees in Liechtenstein or the region.
In continuing education, the university recorded 196 students in four Master's degree programs, one diploma program and seven certificate programs, as well as over 2,700 participants in events. After the last few years marked by the coronavirus pandemic, the University of Liechtenstein was able to increase the number of events on offer again in 2023.
The increase in new students in the consecutive areas and the relatively stable student numbers in the area of continuing education confirm the attractiveness of the University of Liechtenstein as an educational institution. However, in view of the increasing competition between regional educational institutions, the University of Liechtenstein will also need to actively communicate its strengths in the future. In addition to the quality of teaching and research, which has been confirmed by international accreditation, the university is particularly convincing with its good student support. Various curricula have been revised for 2024 in order to adapt teaching content even more closely to current challenges in business and society and thus further increase the practical relevance of teaching.

Result from ordinary business activities

As part of its ordinary activities, the University of Liechtenstein generated a profit of CHF 230,212 in the 2023 calendar year, including the strategic Liechtenstein Executive School project, which is CHF 210,812 above the budgeted profit of CHF 19,400 and CHF 404,812 above the budgeted loss of CHF 174,600, including the planned start-up financing for the Executive School.
The positive business result is due to several one-off special effects. In addition, three professorships were not filled at the end of the year, which reduced personnel costs. Personnel costs are the most important area and the largest cost factor for the university. As at December 31, 2023, the university had 135 full-time equivalent employees. In addition, 328 external lecturers worked for the university.

The annual report can be downloaded from the uni.li website: https://www.uni.li/de/universitaet/medienportal/publikationen/jahresberichte 

As part of the Token Summit Liechtenstein, the 7th session of the "MiCAR Expert Roundtable Series" took place at the University of Liechtenstein in early October.

The roundtable was organized by the CCA Trustless Technologies Association e.V. in collaboration with the European Commission, the Office for Financial Market Innovation & Digitalization, NÄGELE Attorneys at Law LLC, CCA-Token Summit Liechtenstein, the University of Liechtenstein, and Bitpanda.
Professor Konstantina Papathanasiou opened the event with a welcome address, followed by a keynote by Dr. Clara Guerra. Presentations included topics such as capital requirements by Dr. Christian Steiner, gas fee stations by Nina Gartmann, and outsourcing by Dr. Thomas Nägele.

Insightful discussions with a diverse group of participants—industry experts, regulators, and practitioners—rounded off the roundtable.

The Dies Academicus is the university’s academic celebration day and offers an opportunity to pause and look ahead to the future.

"It is my pleasure to welcome you today to our Dies Academicus – a special day on which we pause to celebrate our academic community, our achievements, and our shared goals. Dies Academicus is not only an opportunity to reflect on the past year but also a moment of coming together, of exchange, and of inspiration. Today, we focus not only on the accomplishments of our researchers and students, but also on the values that define our university," said Carmen Dahl, Head of Communications and Marketing at the University of Liechtenstein, at the beginning of her moderation.

Opening Speech

In his opening speech, Rector Christian Frommelt emphasized:
"2024 was a year marked by major successes, such as the RIBA reaccreditation of our School of Architecture, the appointments of Benjamin van Giffen and Sebastian Stöckl as new professors, and prestigious awards received by members of the university – notably the 'Outstanding Artist Award 2024' from the Republic of Austria for Martin Mackowitz, in recognition of his significant contribution to societal transformation and support for sustainable building.
With the founding of the Earth Hub in autumn – the new Competence Center for Earthen Construction at the University of Liechtenstein – the university has taken another step toward becoming a sustainability-focused university, which we aim to achieve through strategic alignment in our five fields of activity: research, teaching, continuing education, knowledge transfer, and dialogue."

Government Greeting

Rachel Guerra, Head of the Office of Education, delivered the greetings of the government and stated:
"The University of Liechtenstein continues its efforts to improve access and break down barriers. This is what has allowed it to develop into a modern educational institution. The university once again ranks at the top as an entrepreneurial university. In the recently published GUESSS Report 2023 (Global University Entrepreneurial Spirit Student’s Survey), it was among the leaders in the DACHL region and achieved impressive results in international comparison.
It also received another international accreditation in the past year. The University of Liechtenstein places great importance on high-quality teaching and research. A highlight was certainly the successful accreditation of the Liechtenstein Business School and the Liechtenstein Business Law School according to AACSB standards. Other areas such as student numbers and research performance also showed positive developments.
Furthermore, continuing education at the University of Liechtenstein was strengthened. The part-time programs offer new opportunities for career advancement and network expansion in Liechtenstein, Eastern Switzerland, the Rhine Valley, and the DACH region as a whole. This marks another milestone and has created a modern learning environment.
All of these developments clearly show that, after a turbulent phase, a period of consolidation is beginning for the University of Liechtenstein. I congratulate the university on its successful development and valuable work."

Keynote Speech

In her keynote address, Prof. Dr. Konstantina Papathanasiou spoke about the connections between sustainability, ethics, and white-collar crime law:
"At the heart of business ethics lies the challenge of how companies can align economic goals with social responsibility and moral principles. The goal is to find a balance between economic success and ethical behavior – a balance that not only maximizes profit but also ensures long-term benefits for society and the environment.
The relevance of business ethics is especially evident in the digital sphere. Digitalization is changing the responsibility patterns of companies in terms of ethical obligations. Often, the focus is placed on the economic benefits of digital business models, while ethical consequences for various stakeholders are overlooked. A deep understanding of Corporate Digital Responsibility is becoming increasingly important – it's about fulfilling legal standards (e.g., data protection) and subjecting digital business models to ethical reflection."

Pro Bono Award 2024

For the first time, the Pro Bono Award of the University of Liechtenstein and the Foundation "Lebenswertes Liechtenstein" was presented during this year's Dies Academicus.

Cornelia Faisst, mentor for Pro Bono Architecture and project coordinator, introduced the program:
"This award honors the commitment and passion students invest in projects that benefit society – in the spirit of ‘pro bono publico’, for the public good.
Through the 'Pro Bono' learning format, the university bundles activities to contribute to achieving the UN’s 17 Sustainable Development Goals of Agenda 2030. Students are encouraged to translate their knowledge into sustainable actions that create value for society and the environment.
There were eight nominated projects in architecture and seven in business administration. The jury selected the two winning projects about three weeks ago."

Daniel Haselsberger, mentor for Pro Bono Architecture, added:
"The Pro Bono Award is not only a recognition but also a call for all of us to actively engage in the community, take responsibility, and contribute to positive change. Each of us has the potential to make a difference. Since 2020, we’ve already had implemented Pro Bono projects in architecture, and awards are considered over two years – this year, for 2020 and 2024."

Architecture Awardees

Students Sophie Breitruck, Michelle Bösch, and Ramon Kobras were honored for their project Kaplan Bonneti Connect, setting standards for social responsibility in architecture.

Business Awardees

Representing mentor Florian Rieder (unable to attend due to teaching commitments), Bernd Schenk presented the award in Business Administration:
"Unlike in architecture, only projects from the respective year are awarded in business administration. This year’s Pro Bono Award went to Luca Banzer, Laurin Diem, and Timo Volenter. Their project 'Digital Fit 50+' is marked by an inclusive approach aimed at empowering people over 50 to confidently use digital media and promote digital inclusion. Follow-up events are already planned for the coming year."

Liechtenstein Young Researchers Award 2024

At Dies Academicus, research prizes were also awarded. The CHF 10,000 prize is awarded annually to motivate promising young researchers, promote research in areas relevant to Liechtenstein, and strengthen Liechtenstein as a research location.

Stephan Jäger, Secretary General of the Ministry, and Prof. Dr. Konstantina Papathanasiou presented the diplomas to:

• Dr. Djordje Zivkovic for his dissertation “Top Management Team Incentives and Paradox”
• Assoc. Prof. Dr. Johannes Schneider for his publication “Understanding and Leveraging the Learning Phases of Neural Networks”
• Dr. Simon Liegl for his project “Affective Signalling in the Digital Workplace”

Student Speech and Best Teaching Awards

Student representative Sophie Breitruck reflected on the year:
"What do we take with us from 2024? I believe it is the realization that the world presents both great challenges and new opportunities. We’ve seen people come together worldwide to strive for a better future – and we’ve experienced how small, heartwarming moments can offer hope. It is up to us to carry these insights into our studies and lives and actively shape the future."

Maximilian Haage presented the Best Teaching Awards on behalf of the student association USLV:

• Best Teaching Award: Wolfgang Schadner
• Best Junior Teaching Award: Jeffrey Lee Brüstle
  "Both prizes, awarded by students, honor outstanding commitment, innovative teaching methods, and the ability to motivate students sustainably. Schadner and Brüstle set new standards in academic teaching and are role models for combining expertise with personal support."

Closing Remarks

Lothar Ritter, President of the University Council, concluded:
"When I took office in April 2023, I was surprised and impressed by what I found at the university. The manageable size, the personal interaction among members, the focus on Liechtenstein’s specific needs, and at the same time, internationally oriented teaching and research with students from around the world deeply impressed me.
Given our accreditation as perhaps the only foreign university in the Swiss Intercantonal University Agreement, it is only logical for the University Council to examine the Swiss higher education system more closely and adopt some 'good practices' – without giving up the unique strengths of the public University of Liechtenstein. Together with all university members, we can develop a motivated and successful future."