Austrian companies in need of capital often resort to bank loans in view of lacking adequate alternatives. In order to provide domestic companies with new and attractive options for equity financing, a more active risk capital market in Austria would be extremely helpful.
For a long time inter alia experts from AVCO are demanding a new venture capital fund law with the primary intent to create a legal framework meeting international standards, too.
Starting with immediate effect, applications for financial support can now be made by Austrian start-ups to the COVID-19 Start-Up Assistance Fund.
The Austrian start-up scene is demanding tailor-made solutions for start-ups, as existing aid measures such as the provision of guarantees do not adequately take into account the specific set of conditions that young, innovative companies on the market are faced with!
Austrian Angel Investors Association (aaia), AustrianStartups and Austrian Venture Capital and Private Equity Organisation (AVCO) have developed visions for a sustainable and digital future for Austria. The joint vision paper contains a series of recommendations to the government in order to ensure Austria develops into a "leading international location for capital markets and start-ups" by 2025.