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Reasons to Start Your Startup
in Austria
Birgit Reiter – Braunwieser
October, 2020
What About the Startup and Tech Scene in Austria?
Did you know…
… that Europe‘s leading retail exchange
for cryptocurrencies comes from Austria?
…that Vienna is known as ChatBot Hotspot?
… that research on AI has a very long tradition in
Austria. Traditional focus topics include logical
systems and knowledge-based approaches, neural
networks, robotics and language-understanding
systems.
50% of internet videos are based on Bitmovin technology
Bitmovin
April 2018: secured 30 m. € in Series B funding
2013: relocation to Berlin
N262019:
Back in Vienna with technology and innovation centre
Vibrant and Dynamically Developing
Austrian Startup Ecosystem
Market& Clients
Access to DACH market, 100 mill. People with high purchasing power; central location- hub between East and West
Talent
Truly international talent hub
Financing
Growing VC and business angel scene
Funding
Austria – one of the strongest countries in Europe for public pre-seed funding
Support
We are rolling out the red carpet!
Reasons to Start Your Startup
in Austria
Your Ideal Access to
German-speaking Markets
100 m.
German
speaking
consumers
Financing: Venture Capital
At the regional level
additional funding and support
Comprehensive Funding System
Austria Wirtschafts-service
funding bank for corporate business development
www.aws.at
Austrian Research Promotion Agency
promotes R&D by companies along the entire innovation chain
www.ffg.at
Austrian Science Fund
promotion of basic research
Red-White-Red Card
for startup founders
Residence and Work Permit for Startup Founders
If you establish a company in order to develop innovative products, services, processing methods or technologies.
Condition: personally exert controlling influence on the management of the newly set-up company.
Prove capital for the company to be founded amounting to € 50.000.
Needed:Business plan
Relevant Programs to „Taste“ the Startup Location Austria (1)
• Vienna Startup Package, https://viennabusinessagency.at/start-up-city-
vienna/vienna-start-up-package/
• GIN Go Austria Program for Asian and Israeli startups, https://www.gin-austria.com/
• WeXelerate, Vienna, https://www.wexelerate.com/
• ESA Incubator, Graz & Wiener Neustadt, http://www.esa-bic.at/
• Pier4, Linz, http://www.pier4.tech/en/
• NextFloor Accelerator for Tourism, Salzburg, http://tacc.next-floor.at/
• Grow F for female founders, https://www.femalefounders.global/accelerator
• 360 lab, Graz, https://www.360-lab.com/accelerator/
Relevant Programs to „Taste“ the Startup Location Austria (2)
• A1 Startup Campus, https://www.a1startup.net/en/
• AgroInnovationLab, https://www.agroinnovationlab.com/
• Raiffeisen Elevator Lab, http://www.elevator-lab.com/
• Elevate (The Ventury), https://theventury.com/elevate/program-details/
• Factory1 (Kapsch), https://factory1.net/
• AplusB (Academia Plus Business) in all regions, e.g.:
• Build, Carinthia
https://www.build.or.at/en/start-ups/
• INITS Startup Camp Vienna
http://www.inits.at/en/startup-camp/
• Science Park, Graz
https://sciencepark.at/
Medicus AI2015: founded in Vienna
2020: 5 m. € Series A financinground plus 1.2 m. € from Chinese VC Sunhope
Etihad Airways uses its Corona virus risk tool