According to the Austrian Minister of Education, Heinz Faßmann, although the details have not yet been finalized, the goal is to have the first set of students "enroll" before the end of this legislative period. Austrian Chancellor Sebastian Kurz emphasized that the budget would not be allocated at the expense of the other universities. As the goal is to attract international students and researchers from all over the world, English will most likely be the working language. Accordingly, Faßmann answered questions regarding the budget with "money follows structure". His plan: "We will first draft the design, then we will calculate the resources." The next step involves creating a preparation group involving members of the government, academia, the local business community, and Ars Electronica to determine the location, capacity and financing, decide on a name, but also take the curriculars and legal framework into consideration. The group will present its findings to a founding commission that could become active during the 2021 Winter Semester. JKU Rector Meinhard Lukas will be a member of this group.

Faßman remarked that the fact that sections of existing universities - such as the JKU’s Faculty of Engineering & Natural Sciences - could form the nucleus of the new university is "… an interesting option". JKU Rector Meinhard Lukas added: "Digital technologies are changing the way we live, work, and do business. This is why we created the Linz Institute of Technology (LIT) at the JKU 5 years ago and this is why it’s important to take an even bigger step right now. The new Technical University is the visionary answer to particularly challenging times. Now it is up to all of us to turn it into something big and something radically new that can build on existing strengths. To have the new TU specialize in digital technologies would be a step backwards. Digital innovation is part of a creative process that involves engineers just as much as it does innovation managers and artists. We have to finally grasp that digitalization in the 21st century is more than just accelerating automation; it’s about making creative digital value simultaneously limited by digital humanism. We do not want to create a miniature version of Silicon Valley, but instead the new TU must aim to create an independent European vision. The JKU can - and wants to - make significant contributions to this idea."