Newsletter registration

Austria.
Bridge to New Markets.

Startup Hub for CEE: Vienna among the Top Ten Startup Hotspots in Europe for the First Time

Skyline Wien © Julius Silver

If you could start all over again from scratch, where would you begin? This question was posed to 700 founders by the European Startup Initiative (esi). The resulting Startup Heatmap Europe shows that Berlin is ranked as the top location, but Vienna is also highly sought-after. The Austrian capital is rated tenth among 30 European cities, beating out Paris, which placed 13th.

Talented people are the most important factor

The survey shows that Vienna is considered by the interviewed founders to be a particularly good location for high-tech startups. In general, these entrepreneurs consider talented staff to be especially crucial. 71% would go to another city just because of the talented people there. Vienna scores points in this regard, in light of the fact that it has 200,000 students and 21 universities. Every tenth person in Vienna is studying. In particular, the CEE competence available in Vienna is helpful. About one-quarter of all students are not citizens of Austria. 

Vienna is a convincing location thanks to its infrastructure and costs

According to esi, founders also consider the ecological system (69%), costs (51%) and access to capital (44%) to be key factors underlying their decision in favor of a particular location. Asian startups are excited about Vienna’s advantages. They can reach all European capitals within three hours from Vienna Airport, and can also travel overseas quickly. Other business location factors which stand out internationally are the infrastructure and rental costs.  

Share on Facebook Share on Facebook Share on Twitter Share on Twitter

Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • Meet us at: Family Business Network IFR

    07.03.2018, Katowice, Poland

  • Consultation Day for Slovak Companies

    13.03.2018, Bratislava, Slovakia

Austria Map

Find the perfect location for your company

Austria is well known for its social stability and excellent labor relations where strikes are measured only in seconds. As a global player, reliable deliveries are a top priority for us.

Opel Austria

Logo
More testimonials

news from the business location Austria

Innovative chemistry for the world comes from Linz

ESIM Chemicals is a highly specialized company operating in the field of fine chemistry.

Carnival in Austria

Witches, demons and other spooky creatures populate the streets of Austria up until Ash Wednesday. However, nobody has to be afraid. This period of year is mainly colorful, funny and sometimes a bit crazy.

More news All blog posts