Austria: From Imperial Country to Startup Hotspot

Photo: Harry Pammer/ Flickr

In recent years Austria has gone from sleeping beauty to innovation and progress. The country welcomes startups and its founders with open arms by providing support through a governmental agency.

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.

In order to found your startup as easy and efficient as possible, there are different initiatives you can turn to. One of them is called ABA – Invest in Austria; they offer comprehensive services – from funding to market opportunities and tax laws. Their team of 25 experienced investment consultants will advise and support you quickly regarding your startup questions. Unlike some other services in Austria the process is unbureaucratic and – perhaps the most important part – free of charge.

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