The intention of the project is to join research activities in the field of advanced audio processing. The central goal is to strengthen and augment the cooperation between academia and economy. The link between computationally demanding algorithms for audio signal processing and the ability to develop real-time systems is sought after within many innovative application fields that are tackled by the industrial partners, like professional audio and communication technologies, automotive, and entertainment systems. The expected results can be implemented in systems for in-car-communications, dictation and teleconferencing, as well as professional headphones and loudspeakers, and casino gaming machines.