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