By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Where Your Profits Grow Sky High.

More funds allocated for startup programs in Austria

Margarete Schramböck © Christian Lendl

The GIN program has been luring international investors to Austria since 2015 and assists startups with the various steps needed to enter international markets. GIN, which stands for Global Incubator Network, will be extended and its budget increased to EUR 4 million for the period 2019-2021. “In this way we can further develop the network and press ahead with our dialogue with new regions such as China”, says Margarete Schramböck, Federal Minister of Digital and Economic Affairs.

In addition to extending the GIN program, the Ministry of Digital and Economic Affairs has ensured funding from the National Foundation for Research, Technology and Development for further startup and digitalization promotion measures. The funding institution aws will receive EUR 3 million for its Digital Innovation Initiative and thus provide financial support of up to EUR 200,000 per project for as many as 20 startups in the founding and early growth phase. An additional EUR 3 million will be granted to aws for its “Impulse Program for Knowledge and Technology Transfer in the Economy”.

The Venture Capital Initiative will also be endowed with another EUR 3 million. This fund has invested EUR 34 million in 50 Austrian startups, or a total volume of about EUR 90 million in cooperation with co-investors. The Austrian Research Promotion Agency FFG will be provided with EUR 2-3 million in funds for each of the following programs: “Digital Innovation Workshops” (SMEs), “Impact Innovation”, “Ideas Lab 4.0” and “Laura Bassi Center 4.0” (digitalization projects of women).

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

Testimonials

Events

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

  • Life Sciences Wien - Ein Markt mit vielen Chancen

    28.01.2021, 10:00 - 11:30 (CET), Online Conference

  • Meet us @ HTH Styria!

    28.1.2021, 10:00 - 16:15 (CET) , Online Conference

Austria Map

Find the perfect location for your company

The "mental closeness" of Austria to its neighbours is an important advantage for establishing new business contacts.

Ericsson Austria

Logo
More testimonials

news from the business location Austria

Austrian government creates investment premium for investors

The economic and financial consequences of the COVID-19 crisis pose major challenges to companies. In order to strengthen the Austrian business location, the Austrian Federal Government has resolved upon a new investment promotion program for companies with a total volume of EUR 3 billion, which will be further increased, if necessary.

Support measures for companies affected by COVID-19

To stimulate the economy, either new programs may be established as a result of the draft law or existing support programs (e.g. aws, ÖHT) will be expanded. All measures introduced are intended to be applicable immediately and will be in force until the end of 2020. The measures currently introduced include the following areas:

More news All blog posts