For six days, 100 people from 35 countries will discuss their similarities and differences, anti-Semitism and Islamophobia. As well as young Palestinians and Israelis, Pakistani and British people are also joining the conference.
The programme includes a trip to the site of the Mauthausen concentration camp and visits to local synagogues and mosques.
MJC organizer Ilya Sichrovsky, 31, from Vienna said: "We, the participants, talk to each other instead of about each other."
The MJC is a non-profit organization based in Austria, involving young academics and professionals from all around the world and of various faiths.
The main goal of its annual conference is to provide the next generation with a positive outlook for establishing intercultural relations and sustaining Muslim-Jewish partnerships.
Former US President Bill Clinton has been a consistent supporter of the MJC since its inception, and has sent a letter to the conference every year.