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).

Have a look at our startup-video

For more information about the Startup Hotspot Austria, have a look into our brochure!

whitepaper startups
Click here to download!
PDF, 1 MB
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.

  • Meet us @ ARIT — Austrian Research & Innovation Talk

    18.09.2021/ 9.00am - 4.00pm EDT, Convene 600 14th St NW Washington, DC 20005 or via livestream

  • TECHNOLOGY CAMPUS TIROL

    22.09.2021/ 11.30 Uhr, LA Villa Starnberger See/ Ferdinand-von-Miller-Straße 39-41, 82343 Niederpöcking

Austria Map

Find the perfect location for your company

The new Amazon distribution center in Großebersdorf is our first logistics site in Austria It will enable us to create additional and more flexible delivery capacities for the benefit of customers. We feel that we are in good hands, also thanks to the support of ABA – Invest in Austria.

Amazon

amazon.de
More testimonials

news from the business location Austria

Smurfit Kappa launches district heat project

Just under a year after the new energy systems went into operation, the next major sustainability project relating to the facility in Upper Austria is already in the starting blocks for the Irish group Smurfit Kappa Nettingsdorf.

Corona Tracking: New Encryption Technology Ensures Data Protection

The “Corona Heatmap” developed by the Know-Center and the Graz University of Technology shows where people who tested positive for the coronavirus were before the diagnosis i.e., the precise location where they got infected. In this way, conclusions can be drawn about coronavirus hotspots. An innovative process the interface between cryptography and data analysis ensures the necessary data protection.

More news All blog posts