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Vienna startup hub weXelerate has 52 startups at its launch

New Viennese startup hub © G.Menzl / weXelerate

The first 52 startups, including firms from Great Britain, Poland, Czech Republic and the USA, have been selected to participate in the multi-corporate accelerator program and move into the new startup center for a period of four months.

More than 1,000 interested parties from more than 60 countries applied for the right to operate at weXelerate. In the initial round, the focus was on the issues of blockchain, Internet of Things, mobility, cybersecurity and artificial intelligence (AI). weXelerate works together with corporate partners from five industrial sectors at the present time i.e. media, banking, insurance companies, energy and infrastructure as well as Industry 4.0. Thirteen of the startups accepted to the new startup hub are involved in the field of artificial intelligence and bots for banks, whereas nine have similar solutions for the insurance business in their portfolios.  

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Thanks to a fantastic mindset, our employees at the Villach site have built up a unique expertise which helps us to further strengthen our position on the global market. We fuse high-performance manufacturing with research and development in the field of power electronics. In addition to a very good cooperation with partners and networks, a well-developed landscape of 'talent factories' ranging from higher technical colleges to universities, we as a company also value the outstanding model of research promotion which exists in Austria.

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