The top choice are healthcare startups, favoured by 91 percent of the companies interviewed, followed by telecommunications with 71 percent and business services/human resources with 29 percent. The pressure of digitalisation will also lead to many investments. With respect to cross-industry areas, private investors want to primarily invest in the fields of big data/analytics, platforms/marketplaces and cybersecurity.
The public sector is also involved in supporting young companies. "With the EUR 150 million Startup Aid Package, the government has taken a necessary step to support the Austrian startup scene. Startups generate potentially high macroeconomic impacts with respect to jobs, innovations and investments. Accordingly, they are a key driving force and pacemaker for the future", states Harald Mahrer, President of the Austrian Federal Economic Chamber (WKO).
Continue reading and learn more about the startup scene in Austria.