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Austria.
Hotspot for Startups.

Startup Ecosystem Austria

Austria has emerged as a startup hub, especially in the fields of information technology, media and life sciences as well as creative industries. The American business magazine Forbes selected Austria as one of seven startup hotspots in Europe, not least due to projects such as the Pioneers Festival, where 1,600 startups from more than 90 countries meet with 400 investors from all over the world in Vienna’s Hofburg Palace.

What’s In It For Your Startup?

The interaction of several factors comprises the basis for this dynamic development, giving the business location a good reputation and enhancing its attractiveness:

  • The very high educational level from a technical perspective, guaranteed by the universities of technology and many universities of applied sciences.

  • The differentiated funding system, in which financial startup assistance is provided to high-tech founders based on specific programs and startup funds implemented by the Austrian Research Promotion Agency (FFG) and Austria Wirtschaftsservice GmbH (AWS).

  • The self-organization of the startup scene in startup clusters and coworking spaces, and its promotion through activities and large events such as the Pioneers Festival.

  • The supporting network of early-stage investors, incubators and accelerators, business angels and VC´s , organized in the organisations of Austrian StartUps (AS), Austrian Angel Investors Association (AAIA) and Austrian Venture Capital and Private Equity Organisation (AVCO).

  • The “public limited company with a privileged amount of share capital“, facilitating the setting up of companies by requiring only EUR 5,000 as a minimum cash contribution instead of EUR 17,500.

  • The investment-friendly tax system featuring a twelve percent tax credit for investments in research and a unified corporate tax rate of 25 percent.

First point of contact for foreign companies

We are the national investment promotion company and the first point of contact for foreign companies aiming to establish their own business in Austria. The company is owned and operated by the Republic of Austria and we directly report to the Austrian Federal Ministry for Digital and Economic Affairs – hence you can get all relevant info at one place.

We also consult international investors on all location-related issues, provide information about Austria as a business location and proactively target potential investors, which is how we have established a broad pool of contacts including investors, accelerators and incubators – and this pool is ready for you to jump into it: Read more about our Services for international Startups in Austria or contact us.

Find here detailed information about the funding system for startups in Austria. For general information regarding the "Startup Hotspot Austria" visit our blog or the Global Incubator Network (GIN) - platform.

Detailed information can be found in our download area

whitepaper startups
Startup Location Austria
> go to download area
whitepaper venture capital
Venture Capital and Private Equity: Legal and Tax Aspects
> go to download area

Infographic: Startup Ecosystem Austria (JPG, 145 kB)

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  • Doing Business in Austria

    20.3.2020, Manchester, UK

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Find the perfect location for your company

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.

ABF Pharmaceutical Services

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