Funding opportunities for innovative business start ups in Vienna
Throughout the year of 2021 the government of Vienna offers various funding possibilities for international companies settling down in Vienna, Austria. Especially, small-sized and medium-sized business ventures operating with innovative services, products, procedures and organisational processes are fundable. This program will last all year with the next application deadline being set on March 31st, 2021.
Funding program for business innovation
Internationally operating small-sized and medium-sized companies are offered financial funding by the government of Vienna when starting a business in Vienna in 2021. This program will last throughout the year with the next application deadline being set on March 31st, 2021. Eligible funding costs are personnel costs, purchased services and project related services with a possible funding amount of € 200.000 maximum. The minimum project value must be € 30.000 and the minimum duration for the project is determined with two years.
Funding rates and female leadership
The funding rate for an innovative business start-up varies, depending on the size of the enterprise. For small companies up to 45% of all funding costs are eligible for funding, whereas medium-sized companies are eligible for up to 35%. Additionally, the Viennese government strives to promote female business leadership and grants business ventures with a proven female management a bonus of additional € 5.000 for the project.
Start up hotspot & high living quality
Vienna is the capital city of Austria and inhabits about 1.9 million people. It is also the economic centre of Austria, as it roughly generates a quarter of the nations gross domestic product (GDP). Further, it was named the best Start Up City by Forbes Magazine in 2019, due to its strong talent pool and many available co-working spaces. Further, the city provides a high quality of living, as the Austrian capital city was named the most liveable city for the tenth year in a row by the international renown Mercer study in 2019.
Get more information
If you are interested in founding a business in Vienna, Austria, PLPG will help you in finding your way. We support clients from all over the world in starting or relocating businesses to Vienna, Austria. Whether you need more information on funding opportunities, business consultancy or local support – we are happy to assist you. Contact us now.