Transcript up in Austria, the Startup Hotspot

Birgit Reiter-Braunwieser, ABA – Invest in Austria
Vienna, 28.02.2017
Business Location Austria
You Know Austria Like
This…
… or Like That…
… or Like That…
… but Best Like That
Welcome to the „real“ Austria!
Strong Economy in the
Heart of Europe
# 4 purchasing power in the EU
GDP / capita: € 36,608
Highly developed industrial country
Production sector: 27.9% of GDP
Export-oriented economy
Export quota: 53.4% of GDP
High-tech location
R&D quota: 3.07% of GDP (forecast 2016)
Startups Building on Old
Strengths
Austria – Country of Inventors
 Kaplan Turbine
 Basic oxygen steelmaking (LD)
 PH-stable penicillin (Kundl)
 First Porsche was produced in
Gmünd (Carinthia)
 Birth-control pill
Startups Building on Old
Strengths
Austria – country of hidden
champions
 Doka
 Doppelmayr
 Emco
 Pewag
 Plansee
 Remus
Austria – Startup Hotspot
 Competitive technologies & innovative business environment
 Access to talents: High educational level; multi-linguistic; diverse background
 Market access: Central European location
 Investment-friendly tax system – 12% tax credit for R&D expenses
 Differentiated funding system
 Incubators, accelerators, coworking spaces
 Access to Finance (early-stage investors, business angels, venture capital etc.)
 Reliable legal system, efficient public administration
 High personal security
Interested?
Birgit Reiter-Braunwieser
For further information
please contact
Tel: +43 1 588 58 52
[email protected]
www.investinaustria.at