Observed Signal · Jun 13, 2024 · Policy Update · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Austria to Grant €10M to New Business Angel Consortia
Austria Wirtschaftsservice (aws) plans to allocate up to €10 million to three business angel consortia through the new 'Start-up Invest – Boosting Scaling Potentials' program. The funds, provided by the Fonds Zukunft Österreich, aim to mobilize private risk capital for tech startups. Investments must be co-investments of 40% of the total sum, rising to 50% with female investors. VC funds and alternative investment funds are excluded. Aws targets at least €1 million in trust funds per investor.
New Austrian government program to fund business angel consortia for early-stage tech startups; indirect relevance to AdTech ecosystem.
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Key Takeaways & Evidence Grounding
- aws will allocate up to €10 million to business angel consortia.
- The funding comes from the Fonds Zukunft Österreich.
- Co-investment quote is 40%, rising to 50% for consortia with significant female participation.
- VC funds and alternative investment funds are excluded.
- The program is designed to mobilize private risk capital for Austrian tech startups.
Connected Companies & Entities
2 Entities mapped“vergebe die Austria Wirtschaftsservice (aws) aktuell ein Gesamtvolumen bis zu 10 Mio. Euro...”
“was Speedinvest und viele andere Startup-Fonds in Österreich ausschließt....”
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