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Austria.
Hotspot for Startups.

Public Funding for Startups in Austria

Forbes Magazine named Vienna the best place to start a business. And there is a good reason for this, especially if one takes a closer look at the startup scene.

Austria has a relatively high rate of taxes and levies in international comparison. One use of these proceeds is a comprehensive funding system and support measures for startups and innovation projects. The offering of such funding is very diverse and well received by the business community.   

The most important funding sources in Austria are the Austrian Research Promotion Agency (FFG) and Austria Wirtschaftsservice GmbH (aws). They offer non-repayable grants, guarantees or subsidized loans.

However, domestic risk capital firms such as Speedinvest and numerous business angels repeatedly assist startups by providing financing, and invest millions of euros in capital. Detailed information on the extensive funding possibilities for startups in Austria can be found on the startup-sections on the websites of FFG and aws.

The funding activities of the City of Vienna are bundled under the auspices of the Vienna Business Agency, and encompass consulting, services and favorably priced office space in addition to monetary funding.

In case you have any questions, please feel free to contact us. We will be pleased to help you!

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

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Vienna’s unique location at the heart of Europe makes it an important centre and very popular with the global pharmaceutical and biotechnology industry. Vienna is where Eastern Europe meets Western Europe. Businesses located at this international hub benefit from well-established infrastructures and highly-qualified professionals. The significant growth in the Life Sciences sector in Vienna over the last few years is an indicator of the momentum in the industry.

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