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They can now participate in an accelerator programme taking place in the world's most influential innovation region for a period of up to three months. They can refine their business plans and models and directly network with strategic partners, potential customers and investors in Silicon Valley. Up until now about 150 startups and spinoffs based in Austria have used the programme as a springboard to the USA

The startups selected this year are Audvice, ContextFlow, FoodNotify, Greenwell Energy, Hello again, HeroSphere, Kontrol, Liland IT, Memory of Mankind, Own3d Media, Pocketcoach, Senseforce, sms Data Systems, Stryme, TeamEcho and zerolens.

A dense programme at partner organisations such as US Market Access in San Francisco, the Plug & Play Tech Centre in Sunnyvale and SkyDeck in Berkeley await the 16 winners. This programme ranges from a multi-day boot camp with experts on issues such as Silicon Valley business practices, marketing, sales and pitch trainings, tips and tricks on fundraising etc. to a pitch to investors and Silicon Valley experts within the context of a Demo Day.

Read more here about successful startups from Austria.

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news from the business location Austria

€ 38 Billion Economic Aid Package in Detail

On March 26, the Austrian Federal Government presented details of the previously announced aid package for the Austrian economy. Since March 27, 5 p.m. self-employed persons and small businesses can submit applications for up to € 6,000 in emergency aid. The Emergency Fund will grant loans which do not have to be entirely paid back.

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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