Observed Signal · Mar 28, 2023 · Policy Update · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Austria Launches €72M Startup Fund Leveraged to €500M
Austria's Economics and Labour Minister Martin Kocher announced a new state-backed startup fund ('Gründungs-Fonds') with up to €72 million in public funding. The fund will be implemented by Austria Wirtschaftsservice (aws) and is expected to leverage up to €500 million in total through private co-investments. Investment tickets per startup range from €1.5 million to €5 million, with participations beginning in the second quarter of 2023. The announcement came during the presentation of the Austrian Startup Monitor 2022, which shows roughly 360 new startups founded per year since 2017, employing about 25,000 people, with plans for 10,000 additional jobs. The new fund succeeds the previous aws Gründer-Fonds, which was endowed with €68 million. The initiative responds to declining venture capital financing in Austria and internationally since the second half of 2022.
Austrian government launches a €72M startup fund (leveraged to €500M), strengthening early-stage financing for the Austrian tech/startup ecosystem, but it is not a global AdTech/MarTech industry-shifting event.
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Key Takeaways & Evidence Grounding
- Austrian Economics Minister Martin Kocher announced a new 'Gründungs-Fonds' with up to €72 million in public funding.
- Austria Wirtschaftsservice (aws) will implement the fund, with private co-investments potentially leveraging total volume to up to €500 million.
- Investment tickets per startup range from €1.5 million to €5 million, starting in Q2 2023.
- The previous aws Gründer-Fonds was endowed with €68 million.
- The Austrian Startup Monitor 2022 reports around 360 startup foundations per year, employing about 25,000 people.
Connected Companies & Entities
1 Entity mapped“The Austria Wirtschaftsservice (aws) is again entrusted with implementing the new fund....”
Ontology Mapping & Concepts
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