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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 at the following brochure

startup austria
Startup Location Austria
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news from the business location Austria

€ 38 Billion Economic Aid Package in Detail

On March 26, the Austrian Federal Government presented details of the previously announced aid package for the Austrian economy. Since March 27, 5 p.m. self-employed persons and small businesses can submit applications for up to € 6,000 in emergency aid. The Emergency Fund will grant loans which do not have to be entirely paid back.

Support Measures for Companies Affected by COVID-19

To stimulate the economy, either new programs may be established as a result of the draft law or existing support programs (e.g. aws, ÖHT) will be expanded. All measures introduced are intended to be applicable immediately and will be in force until the end of 2020. The measures currently introduced include the following areas:

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