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Business Location AustriaExcellence in Innovation and R & DThe place for startups
Peter Loeschl, ABA – Invest in AustriaFebruary 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 CountryProduction 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 andDevelopment 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 basicresearch
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 topicAny time
„Basic programme“
FFG StructuralPrograms
AplusBaccentbuild!CASTINiTSSPG – Science Park Graztech2bZAT – Zentrum für angewandte
Technologie
COIN – Cooperation andInnovation
Research Studio IraSME
Company Incentives Stages
Pre-Seed Early Stage Later StageBasic
ResearchIncubator Seed Start Up First
StageSecond Stage
ThirdStage
IPO
Com
pany
Fou
ndin
g
Grant
Grant
Grant
Grant
Grant
Direct (soft) loans
Direct (soft) loans
Guarantees
Guarantees
Innovation Hub Austria
OPEN INNOVATION
Excellencein professional Research and Development
StartUp Hub & Industrial Clusters
Uniqueeducational 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 productivityGDP per person employed in PPS, EU-28 = 100
Expert Staff forSustainable 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 universities12 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 – bestconnections 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
35.27936.946
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 EcosystemFinancing
Pre-Seed Seed Series A / Growth• Pioneers Ventures• Austrian Angel Investors
Association (AAIA)• i2 Business Angels Austria• Up2Eleven• AplusB centers (Accent Lower
Austria, Business CreationCenter Salzburg, build! Carinthia, CAST Tyrol, INiTSVienna, 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 EcosystemIncubators / 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 / Heatsupply
Mineral oil
From Startup to Global Player
Bwin: founded in 1997, now3,100 staff, biggest online gaming provider
Jajah: supplier of web-basedtelephony, 2009 acquired byTelefonica for 145 m. €
Runtastic: launched by 4 students in 2009, world leaderin fitness tracking, bought byAdidas for 220 m. (2015)
From Startup to Global Player
Paysafecard: European marketleader, first online means ofpayment approved by bankinglaw
UBIMET: fastest growingprivate European supplier ofmeteorological services, stakeholder Red Bull (2012)
AFFiRiS: launching the firstclinical 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 forInternational Investors
Cost free consulting services :
Company foundation
Legal and tax aspects
Location search
Incentives
Regulations
Business contacts
… making your entry in Austria easy
