Business Location Austria Excellence in Innovation and R ... Startup Ecosystem Financing Pre-Seed Seed

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  • Business Location Austria Excellence in Innovation and R & D The place for startups

    Peter Loeschl, ABA – Invest in Austria February 2016,

  • Strong Economy in the Heart of Europe

     Area: 83,872 km²  People: 8.6 m.  GDP growth: 0.8% (forecast 2015)  GDP / capita: € 36,980  R&D quota: 3.01% (forecast 2015)

    GDP Industry: 28.4 % GDP Services: 70.3 % GDP Agriculture: 1.3 %

  • Invest in an Industrial Country Production sector as percentage of GDP, 2014

    30.7

    28.4

    25.7

    25.6

    24.4

    21.4

    20.3

    19.9

    19.5

    Germany

    Austria

    Switzerland

    Japan

    EU-28

    Netherlands

    USA

    UK

    France

    Source: OECD, Eurostat 2015

  • Research and Development in Austria

     More than EUR 10 billion were invested in R&D in Austria in 2015

     With 3.01 % of GDP Austria is above the EU average of 2.03 percent

     Increase in the research premium from 10% to 12%

  • Comprehensive Funding System

     Austrian Research Promotion Agency (FFG): promotes R&D by companies along the entire innovation chain

     Austrian Science Fund (FWF): promotion of basic research

     Austria Wirtschaftsservice GmbH (AWS): funding bank for corporate business development

  • Via Two Main Program Lines

    Subsidies for R&D Projects are Available

    „Special programs“

    „Top Down“

    Thematic calls „Bottom-up“

    Any topic Any time

    „Basic programme“

  • FFG Structural Programs

     AplusB accent build! CAST INiTS SPG – Science Park Graz tech2b ZAT – Zentrum für angewandte

    Technologie

     COIN – Cooperation and Innovation

     Research Studio  IraSME

  • Company Incentives Stages

    Pre-Seed Early Stage Later Stage Basic

    Research Incubator Seed Start Up First

    Stage Second Stage

    Third Stage

    IPO

    C om

    pa ny

    F ou

    nd in

    g

    Grant

    Grant

    Grant

    Grant

    Grant

    Direct (soft) loans

    Direct (soft) loans

    Guarantees

    Guarantees

  • Innovation Hub Austria

    OPEN INNOVATION

    Excellence in professional Research and Development

    StartUp Hub & Industrial Clusters

    Unique educational system

    and access to Universities

  • Profit from Highly Productive Employees

    263

    132

    130

    128

    124

    124

    108

    107

    107

    100

    Luxembourg

    Ireland

    Netherlands

    Austria

    Sweden

    Germany

    Great Britain

    Euro area

    France

    EU-28

    Source: European Commission, Eurostat (06/2015)

    Labor productivity GDP per person employed in PPS, EU-28 = 100

  • Expert Staff for Sustainable Corporate Sucess in R&D

     Dual educational system  Vocational schools (HAK, HTL

    unique to Austria)

     21 Academies of applied sciences offering approx. 400 courses  22 public universities 12 private universities  Foreign language competencies  More than 1,000 extra-university

    research institutions

  • East-West Business Interface in the Heart of Europe

     Ideal access to EU markets – best connections to West / East Europe

     Excellent traffic connections

     Over 300 CEE headquarters

     Know-how of Austrian service providers

     20 % of Austrians have migration background

  • Attractive for More than 300 Regional Headquarters

    Worldwide HQs

  • Vienna International Airport – The Leading Hub to CEE and SEE

    Austrian Airlines:

    23 countries

    41 destinations

    559 flights per week

    Source: Vienna Airport

  • Economic and Social Stability

     Reliable legal system  Efficient public

    administration  High personal security  Very low strike rate

  • Investor-friendly Tax System

    Corporate tax rate: 25% Modern group taxation

    Tax premium for R&D: 12%

    No trade tax

    No net worth tax

    Double taxation treaties

  • Newly Established Companies

    Source: Austrian Economic Chamber

    14.161

    21.706 21.954

    26.035

    28.322

    31.001 30.304

    32.712

    35.279 36.946

    37.054

  • Factors for the Startup Hotspot Austria

     High educational level for technical jobs  Differentiated funding system  Investment-friendly tax system

    – 12% tax credit for R&D expenditures

  • More Factors for the Startup Hotspot Austria

     Self-organization in startup clusters and coworking spaces  Supporting network (early-

    stage investors, business angles, incubators)  “Limited company” with 5,000

    € as minimum cash contribution

  • Startup Ecosystem Financing

    Pre-Seed Seed Series A / Growth • Pioneers Ventures • Austrian Angel Investors

    Association (AAIA) • i2 Business Angels Austria • Up2Eleven • AplusB centers (Accent Lower

    Austria, Business Creation Center Salzburg, build! Carinthia, CAST Tyrol, INiTS Vienna, SPG-Science Park Graz, tech2b Upper Austria, ZAT Center for Applied Technologies, Styria)

    • SevenVentures • i5invest • Kubator • Constantia New Business • Investment Ready Program

    • Speedinvest • Venionaire Capital • Austrian Angel Investors

    Association (AAIA) • i2 Business Angels Austria • AWS Founder Fund • tecnet equity | • tecnet.co.at • SevenVentures • CISCO EIR • Constantia New Business • Investment Ready Program

    • Speedinvest • 3TS Capital Partners • AWS Founder Fund • ARAX Capital Partners • Venionaire Capital • i5invest • tecnet equity

    New law facilitates crowdinvesting and crowdfunding

  • Startup Ecosystem Incubators / Accelerators

    • Pioneers Festival • A1 Start Up Campus • Frequentis Startup Centre • Cisco “Entrepreneurs in Residence” (EIR) • Erste Bank Go! GründerCenter • I5invest • Impact Hub • AustrianStartups • Founder centers at universities (Vienna University of Economics and Business,

    Vienna University of technology, University of • Natural Resources and Life Sciences, Vienna, Entrepreneurship Center

    Network, etc.) • Numerous others such as Slax (LeitnerLeitner), Blue Minds Company, ORF-

    Accelerator, etc.

  • Top Industries in Austria

    Source: Austrian Economic Chamber

    Production sold in 2014, in billion €

    10,12

    10,62

    13,36

    13,59

    15,01

    33,40Machinery / Metal goods

    Chemicals

    Vehicles

    Electrical / Electronics

    Gas / Heat supply

    Mineral oil

  • From Startup to Global Player

     Bwin: founded in 1997, now 3,100 staff, biggest online gaming provider

     Jajah: supplier of web-based telephony, 2009 acquired by Telefonica for 145 m. €

     Runtastic: launched by 4 students in 2009, world leader in fitness tracking, bought by Adidas for 220 m. (2015)

  • From Startup to Global Player

     Paysafecard: European market leader, first online means of payment approved by banking law

     UBIMET: fastest growing private European supplier of meteorological services, stakeholder Red Bull (2012)

     AFFiRiS: launching the first clinical tests for Parkinson vaccine in 2012

  • 5 Reasons for Companies to Invest in Austria

    Competitive technologies & innovative business environment

    Qualified & flexible employees

    High stability & security

    Central European location

    Huge market potential

  • Who We Are

     Consulting company for international investors

     Owned by the Ministry of Economic Affairs

     25 experienced employees

     International network with offices in Shanghai and Tokyo

     National network

  • Vigorous Support for International Investors

    Cost free consulting services :

     Company foundation

     Legal and tax aspects

     Location search

     Incentives

     Regulations

     Business contacts

    … making your entry in Austria easy

  • ABA – Invest in Austria your contact in Vienna

    Peter Ch. Löschl Tel: +43 1 588 58 52 office-cee@aba.gv.at www.investinaustria.at