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Austria.
Bridge to New Markets.

Fresh money for good ideas

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The EY Start-up Barometer underlines the dynamic development of the Austrian startup scene, also in the previous year.

In 2018 Austrian startups were given about 25 percent more money in rounds of financing than in the prior year. The total amount of funding climbed from EUR 138 million to EUR 173 million. Accordingly, Austria is ranked 15th in European comparison. At the same time, the number of financing rounds increased, more than doubling from 35 to 71. Here Austria is also ranked 15th. The total value of startup financing in Europe rose to EUR 21.3 billion in 2018, comprising a year-on-year increase of eleven percent. The number of financing rounds also climbed by 15 percent to 4,199.   

Read more here about how companies can profit from startups. 

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Located in the heart of Europe, Austria offers an optimal base for our internationally orientated business. The great funding options as well as the support of institutions such as ABA – Invest in Austria and the Vienna Business Agency have turned out to be real USPs for the business location Austria. More and more skilled workers are drawn to Austria, because of it’s high living standard. This has helped us tremendously finding highly qualified employees for our company. We feel right at home within the steadily growing international ecosystem and easily built a network with local parties. One can feel the spirit and the will to grow into a bigger startup hub like Germany or Sweden. We hope, that by sharing our positive experiences, we can help attract more global talent to come to Austria.

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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:

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