By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Bridge to New Markets.

Every fourth startup working on COVID-19 solutions

cover Startup Monitor © Startup Monitor

Every fourth startup working actively last year on the development of solutions for the COVID-19 crisis. A further seven percent are planning to implement specific solutions in the future. More than 90 percent of Austrian startups are already generating revenue abroad or plan to actively operate on international markets in the near future. Every fifth startup is already making a profit. These were the conclusions of the annual Austrian Startup Monitor of the Austrian Institute of Technology (AIT), the startup platform AustrianStartups and the Vienna University of Economics and Business startup centre.

IT and software development remain the most important sectors for startups, with a share of 29 percent. Growth has been generated in the fields of consumer goods (ten percent), life sciences (ten percent), creative industries (nine percent) and education (six percent). Achieving ecological targets comprises a top priority for 27 percent of all startups.

More than half of the startups (52 percent) has already benefitted from external capital. The level of valuations substantially rose in the last round of financing. On balance, the Austrian startup sector has more than 20,000 employees.

Continue reading and learn more about the four reasons why Austria is the perfect first step for the internationalisation of your startup!

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin



Meet us at events, seminars and trade shows - worldwide.

  • Meet us @ BIO-Europe

    25.10.2021 - 28.10.2021/ 07.30am - 06.00pm, Virtual Event

Austria Map

Find the perfect location for your company

Austria stands out due to its long-term reliable and stable conditions. These features are particularly important for a research-based company such as Boehringer Ingelheim. Furthermore, Vienna is a city with a good research infrastructure and a high quality of life, and is thus also an interesting place for highly qualified employees from Austria and abroad.

Boehringer Ingelheim

More testimonials

news from the business location Austria

Austria stands out due to its tax incentives for research

You want to know why companies such as Infineon, Siemens and Bosch have been carrying out research in Austria for decades? Contact us.

Lynus – the software for the enegery-optimized building of the future.

The business location Austria offers innovative businesses such as Lynus the right platform, a modern environment, and highly skilled workforce in order to use complex IOT solutions with ease. Additionally the desire of a lot of Austrian companies to minimize their CO2 footprint in a sustainable way, appeals very much to our business model.

More news All blog posts