Vienna supports startups
Financing is one of the most important aspects of establishing a startup. Vienna is top of the class in the pre-seed and seed phases as well as in ongoing support for startups.
The Vienna Business Agency supports local and international companies in all phases of their development with around 14 funding programmes, providing advice on all corporate issues and helping expats get up and running in Vienna. If you’re looking for funding, business premises, an office, free advice or workshops and want to establish new partnerships, the Vienna Business Agency are the best people to speak to!
Other major sources of funding in Vienna include the Vienna Employment Promotion Fund (also known as waff), the Austrian Economic Chamber (WKO), Wiener Kreditbürgschafts- und Beteiligungsbank (WKBG), the Austrian Research Promotion Agency (FFG) and the Austrian federal government’s promotional bank (aws). These institutions offer non-repayable subsidies, guarantees and loans.
Local venture-capital enterprises, such as Speedinvest, and a host of business angels frequently help startups to access financing and invest many millions of euro in businesses that appeal to them.
For an overview of the funding and financing on offer, click here.