The Startup Ecosystem of Graz

Graz has 53 startups in our sample database. This represents about 14% of Austria’s startups. Graz is the 2nd best startup ecosystem in Austria.

CITY RANKING

While Graz decreased by 5 spot in its global rank in the Global Startup Ecosystem Index of 2023, its ranking in Austria remained stable at 2 nationally since 2022.

National Ranking

2nd
0
In Austria

Regional Ranking

73rd
+
2
In Western Europe

Global Ranking

256th
-
5
Worldwide

Startups

Graz Top Startup Industries

Hardware & IoT icon
Hardware & IoT
#159 worldwide

4 startups

Marketing & Sales icon
Marketing & Sales
#159 worldwide

5 startups

Software & Data icon
Software & Data
#181 worldwide

24 startups

Ecosystem HealthCheck

Graz Ecosystem Health Check

The health check tables allow you to look at the performance Graz has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
ParameterParameter Global rankParameter rank change since 2022ResultContribution to total scoreRank gain / loss due to parameter
Total Score256-51.849100%0
Quantity Score207-30.37720.37%35
Sample size of startups207-209105218.74%26
Sample size of accelerators121-134-2860%-2
Sample size of coworking spaces193-199-9230%9
Community Score258-632690.031.62%-5

ECOSYSTEM

Browse the startup ecosystem database of Graz

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Ecosystem

The Startup Ecosystem in Graz

Startups in Graz excel in Hardware & IoT, Marketing & Sales, and Software & and Data. There are some notable success stories contributing to the city’s growing Hardware & IoT industry. One of the most promising startups in Graz in 2023 is Nuki, Schrott24, and App Radar.

Global Rank

Graz is ranked within the top 300 startup ecosystems globally.

Top Industries

Graz’s startups excel particularly in Hardware & IoT where it ranks 159 and in Marketing & Sales, and Software & Data. Find out more

Top Cities for Startups in Austria - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2023 National Rank & Change ▲
2023 National Rank & Change City
search leaderboards icon
Global Rank & ChangeTotal Score
Access subscores for 1000 cities and 100 countries
Quantity Score
Quality ScoreBusiness Score
1st
0
70th
+
1
8.802
00.00
00.00
00.00
2nd
0
256th
-
5
1.849
00.00
00.00
00.00
3rd
0
285th
+
35
1.504
00.00
00.00
00.00
4th
0
466th
+
25
0.576
00.00
00.00
00.00
5th
+
2
696th
+
120
0.259
00.00
00.00
00.00
6th
-
1
749th
-
24
0.226
00.00
00.00
00.00
7th
-
1
826th
-
34
0.186
00.00
00.00
00.00
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Startups

Notable Startups in Graz
Nuki startup icon
Nuki
Schrott24 startup icon
Schrott24
App Radar startup icon
App Radar

Startups

Successful Hardware & IoT startups in Graz
Usound startup icon
Usound
Ease-Link GmbH startup icon
Ease-Link GmbH
My thing startup icon
My thing

ECOSYSTEM

Why should you join Graz's Startup Ecosystem?

Overview

Within Graz there is an increased attraction for entrepreneurs to set up their startups in industries such as Hardware & IoT, Marketing & Sales, Software & Data. These three industries represent about 62% of the startups represented on the Startup Ecosystem Map of Graz.

2nd

National Rank

73rd

Regional Rank

Overview

Graz is Austria's 2nd best startup ecosystem and is ranked 73rd in Western Europe. With a population of 0.1M - 0.5M people, Graz is ranked 256th in the world. The city has some notable startup success stories including Nuki.

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