IEV was founded in 1884 and formed a bandy hockey section in 1908. It played in some friendly matches during the 1908-09 and 1909-10 seasons. The club began playing ice hockey in 1925. It joined the Austrian Ice Hockey Federation (OEHV) as a temporary member in December 1925, before securing full membership on April 8, 1926. Another club from Innsbruck, EC Pradl, played alongside IEV in the Austrian Hockey League in 1969-70. The two clubs merged in 1973, forming EC Innsbruck. Innsbruck won their last national championship in 1988-89.