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.