austrian startup report 2013 by speedinvest [english]
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AUSTRIAN
STARTUP
REPORT
2013
The Austrian Startup Report is an ongoingjoint research project to structure dataabout the development of the growingstartup community in Austria.
The Austrian Startup Report providesdetailed information about a nationwide, representative selection of startups, investors and public institutions.
Goals» raise public awareness for activities regarding the
founding and growth process of startups
» determine critical success factors for Austrian startups
» gain information about the influence of public andprivate support initiatives for startups in Austria
» make Austrias startup community internationallycompareable und therefore more noted in Europe ...
The Analysis
Qualitativesurvey
Quantitative survey
» By e-mail
» 50 intervieweeswithin ecosystem
» Questionnaire
» End of May –end of July
» 575 interviewees
Befragt von
7%6%
87%
Private investors
Public funding agency
Founders & startupemployees
The majority of the 575 interviewees arefounders or work in a startup, aged 32 yearsand male.
Average age
32,3years
88%
12%
Male Female
Gender
Region Age Gender
Silicon Valley
34,12 90/10
Tel Aviv 36,16 91/9
LA 31,55 88/12
London 35,98 91/9
Berlin 31,86 97/3
Comparison
The Results
The broad majority of founders holds a university degree, mostly business
administration.
81%
13%
3% 3%
Highest degree
University High school Apprenticeship Compulsory School
45%
31%
24%
Field of study
Business administration Engineering Other
The Startup Report shows thatmost Austrian startups arefounded by first-time foundersand are still in the ideageneration phase.
30 %Growth phase
70 %Idea / early stage phase
14%
17%
69%
Not having towork for otherpeople
Financialfreedom
Self-realisation& fun
Motives
73% First-time founders
27% Serial founders
Most founders havealready been
around for threeyears
The broad majority of founders pursue international market perspectives, one half considers the global market a goal.
14 %
20 %
17 %
48 %
The majority of startups is financedby private investors. The size of theinvestment ist growing, but still remains clearly below international levels.
Amount ofinvestment
How does establishing contact with Austrian VCs workcompared to contacting international VCs?
70 % Private
Investors
30 %Other
76% harder16% not specified11% easier
30% 36% 34%
<100.000 100-500.000 >500.000
76 % find it hard to connect with Austrian Business Angels
Subsidies?
65%find the subsidy jungle confusing
67%think that approaching public funding agencies works well
60%received subsidies from a public funding agency
Amount of subsidies
45% 35% 20%
<100.000 100-500.000 >500.000
50% of founders never attended a course or a lecture about entrepreneurship.
80% would have attended such a course if it was offered at educational institutions
Ecosystem Austria
70 %think that entrepreneurship and innovation gained attention over the last two years.
73 % don’t see the value of startups recognized by society, 75 % don’t think startups are valued enough by government.
90 %of interviewees think that our society lacks a “culture of failure”. 90% think that the absence of a culture of failure is the biggest restraint for entrepreneurship.
The
broadmajoritysupports theidea that...
… social security taxes and non-wage labor costs should be lower (93%)
… signing the first employee should beencouraged (93 %)
… the mininum corporate tax should beremoved (88 %)
… the antiquated trade regulation actshould be reformed fundamentally(80 %)
Implications
Developing alternative forms ofinvestment
Creation of tax incentives for private risk investments
Raise awareness for the topic ofstartups, entrepreneurship andfinancial education
ATTENTION!
Liberalisation of corporate andlabour laws
Simplify the information researchfor entrepreneurs
Rethink subsidies
GmbH (LLC) light!
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