Newsletter registration

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.
Austria.
Hotspot for Startups.

Startups: Austrian Success Stories

The Austrian startup scene is particularly dynamic in the fields of information technologies, media and life sciences as well as in creative industries. Above all, there is a boom in startups focusing on the creation of Web platforms and mobile applications and there is a growing interest of investors.

A successful exit from the incubation phase is one of the most important drivers of growth in the startup scene. The early phase financier exits from the investment and new corporate partners acquire strategic stakes. Many young companies have succeeded in achieving a valuation exceeding the million euro threshold, attracting increasing amounts of capital, especially from abroad.

  • Runtastic: Established by four students at the University of Applied Sciences in Hagenberg, it was acquired by Adidas in 2015 for EUR 220 million.

  • Shpock: Flea market App with ten million users. It was launched by Katharina Klausberger and Armin Strbac in 2012 before being taken over by the Norwegian media group Schibsted in 2015.

  • Bwin: Founded in 1997 with 12 employees, the company now has a global workforce 3,100 people and is the biggest online gaming provider with annual revenue of USD 760 million.

  • Jajah: The supplier of Web-based telephony was established in 2005 and acquired by the Spanish company Telefonica in 2009 for EUR 145 million.

  • Paysafecard: The company was set up in 2000, and has emerged as the European market leader today with its development of the first online mean of payment approved by banking law.

  • UBIMET: Established in 2004, the two-man company is now the fastest growing private European supplier of meterological services. Red Bull has held a stake in the company since 2012.

  • AFFiRiS: The biotech startup founded in 2003 develops vaccines against Alzheimer’s, Parkinsons’s and diabetes, launching the world’s first clinical tests for a Parkinson vaccine in 2012.  

These companies are beacons of light in a diversified startup landscape, from the Robo miracle cube programmed by children to the diabetes App developed by MySugr, from the analysis App targeting skin diseases from Scarletred to the 3D ceramic printers of Lithoz, a spin-off of the University of Technology.

For detailed information about the funding system for startups in Austria, please have a look at the website of the Austrian Research Promotion Agency (FFG) as well as the Austria Wirtschaftsservice GmbH  (aws).

For more information about the startup hotspot Austria have a look at the following brochure

startups austria
Startup Location Austria
> go to download area

Have a look at our startup-video:

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

Testimonials

Events

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

  • China Outbound Investment Roadshow

    25.10.2019, Shanghai, China

Austria Map

Find the perfect location for your company

Austria offers the comfort and infrastracture of a western industrial nation. The high quality of life is an advantage when it comes to attracting top executives from around the world to our headquarters here.

Coca-Cola Austria

Logo
More testimonials

news from the business location Austria

A smartphone keyboard for the blind

A special mobile phone keyboard developed by the Vienna University of Technology enables blind people to type in texts on their smartphones.

Austria: Pacesetter for the Fourth Industrial Revolution

Intelligent production, cyber-physical production systems and more are only just a few of the many facets of the industrial future. The notorious reality of assembly line work in production is a relic of the past. Industry 4.0 and the Industrial Internet of Things (IIoT) are characterised by a high level of automation and a continuous exchange of data. Large mechanical engineering companies and automobile manufacturers are already relying on highly interconnected production lines with industrial robots and smart control systems along the entire value chain. Austrian companies and research institutions are intensively working on developing such concepts and ultimately making them suitable for broad-based use on the part of small and medium-sized firms.

More news All blog posts