Rescue operation - strengthening the Austrian start-up scene

Rescuing the Austrian startup scene requires targeted measures, as the scene is stagnating despite dedicated female entrepreneurs. According to analyses by the Austrian Startup Monitor, there is a lack of sufficient venture capital availability, regulatory flexibility and an entrepreneur-friendly environment. In order to revitalize the startup scene, subsidies for early-stage financing, tax incentives and improved access to markets are crucial. Although the government has launched a 150 million euro aid package for start-ups during the coronavirus crisis, experts are calling for further rescue measures. In an international comparison, Austria lags behind in terms of startup support, while countries such as the USA have built up more successful ecosystems. According to articles from Trending Topics and Der Standard, a holistic approach with a focus on financing, regulation and innovation is needed to make the Austrian startup scene competitive, otherwise Vienna risks losing touch with leading startup locations. The panel sheds light on a strong, desirable outlook for the future, opportunities and levers that urgently need to be set in motion. Eva Czernohorszky, Director Technology Services Vienna Business Agency, Oliver Holle, Co-Founder & CEO Speedinvest, Anna Greil, Founder & CEO uptraded, Travis Pittman, CEO TourRadar, and Eirini Rapti, Founder & CEO Inne.

14.05.2024