The best funding for startups in Austria Stefan Zangerle 11. January 2022

The best funding for startups in Austria

Funding for startups in Austria
Funding for startups in Austria
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This article contains a brief overview of the best grants for startups in Austria.

Most startups will need a cash injection once in their life cycle. Depending on the industry and the phase of the startup, the capital requirement can range from EUR 10,000 to EUR 2,000,000 or more. In addition to the classic financing options such as own funds and bank loans, investor capital and funding programs are among the most important forms of financing in the startup ecosystem. In today’s article I will present the (in my opinion) currently best grants for a startup in Austria.

AWS Preseed

The AWS Preseed program is primarily aimed at high-tech startups in the pre-founding phase. Projects are eligible in the areas of internet and communication technologies, the physical Sciences and the Life Sciences with a term of between 1.5 and 2 years. the Funding is a non-repayable grant and amounts to a maximum 200,000 EUR and can be submitted at any time.

It should be noted that this funding is usually only Receive startups with high technological requirements and risk. Startups who deal with the topics AI, Blockchain, VR, AR as well as BioTechs and Co. have better chances than pure online platforms or other purely digital solutions.

More information on AWS Preseed funding

AWS impulse XS / XL

Another very attractive funding program for startups is the impulse XS and impulse XL funding from AWS. While promoting XS is primarily dedicated to innovative projects related to the creative industries, whose economic feasibility has yet to be determined, directs, the promotion XL offers above all projects, their market orientation and profitability already presented plausibly and comprehensibly are a possibility of Financing.

Up to 50% (impulse XL) and 70% (impulse XS) the project costs in the form of a non-repayable grant. The funding amount amounts to a maximum of EUR 50,000 for the XS program, the Funding amounts of up to EUR 200,000.

For all startups with innovative ideas in the context of the Creative industries and digitization, these subsidies are ideal for the to evaluate economic feasibility, to make an initial prototype develop or enter the market and implement the idea start.

To aws impulse XS
To aws impulse XL

Further funding programs at aws.at

Further funding programs at www.aws.at

FFG basic program

The basic program of the FFG is aimed primarily at very Research-intensive startups or projects with a high topicality (e.g. Topics such as Industry 4.0, IoT etc.). The criteria are basically the Innovation content, the technical difficulty and the economic one Usability used. In addition, the research activity of the applicant will be increased.

It will usually be between 50 to 70% of the time Project costs funded as a mix of loans and grants. Important A prerequisite for receiving the funding is the guarantee of the Remaining financing of the project.

More details under: FFG basic program

Funding from the federal states / the business location

In addition to the above-mentioned federal subsidies there are for companies In the individual federal states, the state also has its own funding, which the Support and strengthen the business location.

For example, the business agency in Vienna provides support the establishment of startups with a range of different grants or the implementation of innovative ideas. So start-ups and founders should In any case, also check the funding offer of your business location in order to find financial To receive support for their endeavors.

Founding in Vienna
Founding in Lower Austria