Austria is considered a favorable environment for startups and entrepreneurship, with a strong ecosystem and a supportive government. The country has a thriving tech scene, with a growing number of successful startups and a well-developed ecosystem for support and funding.
In 2020, the Austrian startup ecosystem saw a total investment of €354 million, with more than 100 deals made. The majority of the funding went to startups in the tech and software sectors.
Main Industries:The tech and software sector is the most active in Austria, with fintech, healthtech, and cleantech following closely behind. Some of the most successful startups in these sectors include:
Austria is home to a growing number of startups, with a thriving ecosystem that includes accelerators, incubators, and co-working spaces. The government has taken several initiatives to support the ecosystem, including funding for research and development, tax incentives, and mentorship programs.
Some of the most active business angels and VCs in Austria include: