Business Location Vienna

 

Economic Center

Vienna is the capital city and the economic center of Austria, as it grossly generated about 25 % of the nation’s gross domestic product (GDP) in 2018. Today, it is home to 1.9 million people, making it the fifth largest city in Europe.

Business Hub

Located in the heart of Europe, the city has become an important business hub for surrounding countries, with many European capitals reachable within a few hours of travel, especially the Central Eastern European (CEE) region.

Best Start Up City

In 2019 Vienna was named the best Startup City by Forbes Magazine. The stated reasons for this nomination are the various funding opportunities by its government, a strong talent pool and many available co-working spaces.

Most Liveable City

Additionally, the yearly published Mercer study, ranked Vienna as the most livable city in the world for the tenth time in a row in 2019, as well as ranking it as one of the safest cities in the world.

 

 

Governmental Business Funding

 

Funding Areas

The Austrian Government offers a wide selection of funding possibilities. Funding is offered in the areas of research, technology, development and innovation, whereas all areas are encompassing both the business and science sector.

Funding Possibilities

The Austrian Government supports international companies in the process of settling down by offering soft loans, grants and guarantees. Further financial support is available especially for medium-sized companies and business founders.

 

 

Important Funding Institutions

 

Austrian Government

FFG

Funding for business ventures in research and development.

FWF

Funding for business ventures in the science sector.

AWS

Funding for business ventures of variouse sectors.

ABC Research

Funding for projects dedicated to blockchain research.

 

Viennese Government

Vienna Business Agency

Funding of business ventures in variouse sectors.

WKBG

Funding for small and medium sized companies by company participations.

WWTF

Funding for business ventures in the sectors science, research & technology.

Viennese Growth Fund

Funding of small and medium-sized companies by company participations.