Startup Location Austria: Facts and Figures

Startups are defined as newly founded companies which create innovative products, services or business models which did not previously exist on the market. They pursue a clear international perspective, boast high growth potential and play an important role in the innovative strength and competitiveness of national economies. In the meantime, innovative startups comprise close to eight percent of the total of newly established companies in Vienna. The Austrian capital has also shown itself to be a dynamic startup pool in Central Europe.

Austria is a dynamic country with newly established companies:

  2010 2014 2018
Newly established companies 37.125 37.054 38.327

Source: WKÖ Statistic 2018

 

Especially Vienna is a booming startup-hub:

  2010 2011 2012 2013
Vienna: Newly established companies 9.253 8.325 8.279 8.403
Startups 484 478 532 638
Share of startups 5,20% 5,70% 6,40% 7,60%

Source: Startup-Location Vienna 2014, PGM Consulting


The Austrian Research Promotion Agency (FFG) offers a comprehensive funding system. Also, the Austria Wirtschaftsservice GmbH (aws) provides extensive financing.

Have a look at our startup-video:

For more information have a look at our startup-brochure:

Brochure: Startup Location Austria (PDF, 1 MB)