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Austria.
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Record for startup investments in Austria

man in front of laptop, head in hands © EY

According to the new EY Start-up-Barometer, a total of 6,700 rounds of financing were held, an increase of 58 percent from the previous year. Financing volume rose 17 percent to about € 36.5 billion. The report concluded that the rounds of financing were up 65 percent in Austria in 2020 to the record level of 212 million. Austria is ranked 16th in financing volume in a European comparison. In Vienna, investment volumes increased from € 140 million to about € 177 million compared to the prior-year level. As a result, Vienna rose in the rankings and is now in the group of the top 20 locations in Europe, improving from 23rd to 16th place.

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Thanks to a fantastic mindset, our employees at the Villach site have built up a unique expertise which helps us to further strengthen our position on the global market. We fuse high-performance manufacturing with research and development in the field of power electronics. In addition to a very good cooperation with partners and networks, a well-developed landscape of 'talent factories' ranging from higher technical colleges to universities, we as a company also value the outstanding model of research promotion which exists in Austria.

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