Being the birthplace of mp3 and AAC, Erlangen has a long history in audio coding research. Initiated in the late 1970s by Friedrich-Alexander-Universität Erlangen-Nürnberg (FAU) professor Dieter Seitzer, the coding research was continued by scientists from both the university and the Fraunhofer Institute for Integrated Circuits IIS. Fraunhofer IIS also took care of the product development and the successful market introduction of the resulting audio codecs that have become indispensable nowadays. The AudioLabs® mark a new era of this fruitful collaboration between both institutions. FAU provides six professorship positions while Fraunhofer IIS fuels the AudioLabs® with its undisputed know-how in audio engineering and its world-class multimedia infrastructure, including sound labs, digital cinema lab etc. and also provides funding. Today, a team of 50 globally-renowned scientists, post docs and PhD students from Fraunhofer IIS and FAU conducts cutting-edge research and shapes the future of audio and multimedia. They bring together scientific ingenuity and the know-how to make new ideas a commercial success.