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 Austria’s startup economy is focused on information technology, media, life sciences, and the creative industries. The country has the potential to become a powerful European startup hub, with two of its startups—GoStudent and Bitpanda—achieving unicorn status and attracting international attention. These success stories have helped put Austria on the map for global investors. 
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 To support the emergence of high-quality startups, Austria offers an investment-friendly tax system and a strong support network for acquiring funding. For instance, the Ministry of Economics has been working to simplify the process of starting a business through the New Companies Promotion Act (NeuFöG), which aims to ease company formation by exempting new businesses from certain taxes, contributions, and fees. In addition, organizations like ABA – Invest in Austria actively promote the country as an ideal location for early-stage funding and government support. Austria’s long-term vision is further reinforced through the Digital Austria 2040–2050 agenda and the Digital Action Plan, which include investments in infrastructure, emerging technologies, and digital skills—enhancing Austria’s appeal as a competitive location for startups. 
 Austria also boasts a vast support network of early-stage investors, incubators, accelerators, angel investors, and venture capital firms. As an NGO, Austrian Startups plays a crucial role in uniting these stakeholders and advocating for startup-friendly policies. Notably, Speedinvest, one of Europe’s most active VC funds, is headquartered in Vienna. On the public funding side, the most important institutions are the Austrian Research Promotion Agency (FFG) and Austria Wirtschaftsservice (AWS), both of which offer non-repayable grants, guarantees, and subsidized loans. 
 Beyond national programs, Vienna has built a robust city-level innovation support infrastructure. The Vienna Business Agency deserves special mention for strengthening the local ecosystem through initiatives like the Vienna Startup Package and Startup Grant. The agency also organizes ViennaUp, a high-profile startup event that plays an important role in attracting international talent and branding Austria’s startup ecosystem globally. 
 These recent public sector initiatives—particularly those focused on promotion and branding—are a welcome shift. In the past, Austria relied heavily on its R&amp;D capabilities, but without adequate marketing, this resulted in missed opportunities, such as the discontinuation of the iconic Pioneers startup event after 2019. Since then, Austrian Startups has been tracking progress on the 37 recommendations it made to the government to help the ecosystem reach its full potential. 
 All in all, Austria enjoys a central location at the heart of Europe, serving as a natural bridge between key Western markets (like Germany and Switzerland, with whom it shares a language) and Eastern neighbors (such as Slovakia, Slovenia, and Croatia—all just an hour away). Foreign talent is well within reach. Furthermore, the Austria Golden Visa Program offers immigration through investment, further increasing the country’s attractiveness. Looking ahead, Austria is well-positioned to capitalize on its strategic advantages and take its startup ecosystem to the next level. 

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![people walking on pedestrian lane during daytime](https://images.unsplash.com/photo-1590253198910-1683b35ba5bf?q=80&w=1000&auto=format&fit=crop&ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D)
 Austria's startup economy is focused on information technology, media, life sciences, and the creative industries. The country has the potential to become a powerful European startup hub, with two of its startups—GoStudent and Bitpanda—achieving unicorn status and attracting international attention. These success stories have helped put Austria on the map for global investors. 

==read-more==

 To support the emergence of high-quality startups, Austria offers an investment-friendly tax system and a strong support network for acquiring funding. For instance, the Ministry of Economics has been working to simplify the process of starting a business through the New Companies Promotion Act (NeuFöG), which aims to ease company formation by exempting new businesses from certain taxes, contributions, and fees. In addition, organizations like ABA – Invest in Austria actively promote the country as an ideal location for early-stage funding and government support. Austria’s long-term vision is further reinforced through the Digital Austria 2040–2050 agenda and the Digital Action Plan, which include investments in infrastructure, emerging technologies, and digital skills—enhancing Austria’s appeal as a competitive location for startups. 

 Austria also boasts a vast support network of early-stage investors, incubators, accelerators, angel investors, and venture capital firms. As an NGO, Austrian Startups plays a crucial role in uniting these stakeholders and advocating for startup-friendly policies. Notably, Speedinvest, one of Europe’s most active VC funds, is headquartered in Vienna. On the public funding side, the most important institutions are the Austrian Research Promotion Agency (FFG) and Austria Wirtschaftsservice (AWS), both of which offer non-repayable grants, guarantees, and subsidized loans. 

 Beyond national programs, Vienna has built a robust city-level innovation support infrastructure. The Vienna Business Agency deserves special mention for strengthening the local ecosystem through initiatives like the Vienna Startup Package and Startup Grant. The agency also organizes ViennaUp, a high-profile startup event that plays an important role in attracting international talent and branding Austria's startup ecosystem globally. 

 These recent public sector initiatives—particularly those focused on promotion and branding—are a welcome shift. In the past, Austria relied heavily on its R&D capabilities, but without adequate marketing, this resulted in missed opportunities, such as the discontinuation of the iconic Pioneers startup event after 2019. Since then, Austrian Startups has been tracking progress on the 37 recommendations it made to the government to help the ecosystem reach its full potential. 

 All in all, Austria enjoys a central location at the heart of Europe, serving as a natural bridge between key Western markets (like Germany and Switzerland, with whom it shares a language) and Eastern neighbors (such as Slovakia, Slovenia, and Croatia—all just an hour away). Foreign talent is well within reach. Furthermore, the Austria Golden Visa Program offers immigration through investment, further increasing the country’s attractiveness. Looking ahead, Austria is well-positioned to capitalize on its strategic advantages and take its startup ecosystem to the next level.

Storyblok

Tractive

Adverity

LimeWire

TourRadar

The country has some notable startup success stories including , Storyblok.

Austria has 7 cities in the
      top 1000 and has a vibrant startup scene that ranks  26th
      within the competitive global top 30.

Austria’s startup scene remains stable in 2025 on the
      26th position, having kept 7 cities
      in the global top 1000.

Austria’s startup ecosystem ranks 13th in Western Europe and 26th globally. Austria’s startups raised 5548179 US dollars on average. Find the most promising startups, unicorns, and notable exits in Austria.

Startup Ecosystem of Austria | Startupblink

Our startup ecosystem map for Austria includes a sample of 747
      tech companies. We have identified as unicorns 2 startups that have passed the USD 1 billion valuations.

With a large variety of accelerator programs and initiatives, Austria's startup scene stands out from that of other countries in Western Europe. Austria offers a number of funding
opportunities for entrepreneurs and startups. Below is a list of some of Austria's most prominent support initiatives:

An inspiring ecosystem that is steadily due to its growing use of digital technologies, rapid urbanization and planned investments

WADAAG TECHNOLOGIES

Sostec

FGS Bill Tracker

Zaad

Wadaag Investment

A growing regional and global startup leader 

bitget.com

AscendEX

DeBank

Trip.com

Viki

A vibrant and strong startup hub attracting international recognition and investment

Cámara de Comercio de Bogotá

Founder Institute (FI) Bogota

RockStart Latam 

Calle 26 # 92-32

Carrera 7 #116-50

Carrera 19 # 100 - 45

Toastmasters Bogota

Picap

Autolab

Cubbo

Rappi

Addi

Bold

Carrera 12a #78-40

A leading regional startup hub owing its succes to the creative and innovative spirit of its people 