The goal of IMPACT (Isotope and Muon Production using Advanced Cyclotron and Target technologies) is the construction of two new target stations and beamlines at the Paul Scherrer Institute’s (PSI) high-intensity proton accelerator HIPA to increase the available muon rates by up to a factor 100 for much improved experiments in particle physics and materials science (HIMB) and to create radioisotopes suitable for advanced cancer treatments in the required quantities for clinical studies (TATTOOS). As part of the project, complementary infrastructures at the University of Zurich (UZH) and at the University Hospital Zurich (USZ) are planned to fully exploit the potential of these new installations.