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Austria.
Where Great Emphasis is Put on Research.

Good ecosystem for startups

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According to the OECD, only five countries invest more, especially Israel. This is only one of the conditions from which startups in Austria benefit, and which makes them successful. Austrian startups have an extremely high rate of survival About 80 percent of the young companies established between 2008 and 2010 are still active today. Only twelve percent of them went bankrupt or filed for insolvency. Six percent were sold or merged. This can also be attributed to the fact that young entrepreneurs learn very early on to assess their ideas in terms of their feasibility. Flagship projects include founder's weeks and idea competitions. Moreover, several schools now offer entrepreneurship as a school subject.

Learn more about startup funding in Austria as well as facts and figures about startups in Austria.

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