Updated on 10/6/2022

Markus Reinfeld
Stefan Steinkogler

Support fund for Start-ups

about us

Aid fund for start-ups

There have been repeated calls for specified aid packages for start-ups in Austria recently, and the government is now taking this into account. Two funds with a total volume of EUR 150 million will be made available. The funds come partly from private investors and partly from the federal budget.

The COVID-19-Startup Hilfsfonds (aws) with a volume of EUR 100 million (EUR 50 million each from private investors and the federal government) is intended to support innovative start-ups founded in Austria, which have financing and liquidity problems due to the crisis. In concrete terms, investments by private (domestic or foreign) investors (from EUR 10,000 to EUR 800,000) are to be doubled by the federal government. The settlement agency is the aws.

The VC fund with a volume of EUR 50 million targets technology-based start-ups that could complete a financing round without the crisis. In concrete terms, private venture capital is to be secured by a 50% state guarantee. The possible financing framework ranges between EUR 200.00 and EUR 1 million. aws is tendering the fund management and administering the guarantee agreements.

Further details on the two funds should be announced in due course. Of course we will keep you informed about new developments as soon as possible.

You need support? We help.

Your DWP team will advise you comprehensively and competently on all legal aspects - via telephone, video call, e-mail or, if you prefer, in person using nose-mouth protection.

If you have any questions, please do not hesitate to contact us at any time!

Your DWP Team

E-Mail: wien@daxundpartner.at

Tel.: +43 5 9004 300

Related Articles

The Future of Data Protection Management

It is almost a miracle that "data protection" has not yet been declared the no-go word of the year among entrepreneurs. Most people think at first of the "GDPR", effort, costs and frighteningly high fines.

Austrian Trade Licence

Austrian GmbHs can only operate after a specific trade has been registered with the relevant trade authority. The requirements for obtaining a trade license are sometimes very different.

5 tips for successfully setting up a company in Austria

In order to get off to a good start in Austria with a newly founded company, there are a few things to consider. Not only on a bureaucratic level, but also on a human level.

Can’t find what you're looking for?

Please send us a message and we will get back to you.


digital law


Subscribe to our newsletter to get notified about our updates.

© kontractory by DWP 2024