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UNIV.-PROF.DR. KARL-HEINZ LEITNER
Markus Raunig
Dr. Rudolf Dömötör
Where in Austria are startups founded?
By creating innovative products and services startups build new markets that are of crucial for economic growth and structural development. Over the past few years, a vibrant startup scene has emerged in Austria. A number of private and public initiatives support startups, creating a breeding ground for successful ventures.
The Austrian Startup Monitor (ASM) provides information about the development of the Austrian startup ecosystem and will be continuously updated and monitored. The data behind the Monitor comes from 1,500 Austrian startups that were identified as such and invited to participate in an online-survey. Of those, 512 founders and CEOs participated in the ASM survey conducted in spring 2018 and provided information and insights about the the status quo, outlook and ecosystem surrounding startups in Austria.
Download the Austrian Startup Monitor 2018
ABOUT
Highly innovative new ventures are crucial for creating new jobs, growing and structurally transforming the economy. In the past few years a vivid startup community has developed in Austria. Moreover, policy makers have launched a number of initiatives to create framework conditions favouring startup founders and providing financial support for startups.
Austrian Startup Monitor
Despite the growing awareness within the community, the media and the public at large, there is little in the way of empirical insights about the status quo, development and dynamics within the startup sector in Austria.
Startups
are companies that not only realize an innovative business idea but also have the ambition and willingness to grow internationally. Therefore, startups bear a higher risk than other new ventures which, in turn, requires them to raise risk capital.
The Austrian Startup Monitor survey is conducted by the AIT Austrian Institute of Technology, the startup interest association AustrianStartups und the Entrepreneurship Center of the Vienna University of Economics and Business.
FACTS FROM THE
AUSTRIAN STARTUP MONITOR 2019
FACTS FROM THE
AUSTRIAN STARTUP MONITOR 2019
95
REVENUE GROWTH IN THE LAST YEAR
34
HAVE AT LEAST ONE FEMALE FOUNDER
74
GENERATE SALES ABROAD
86
INTEND TO HIRE NEW EMPLOYEES IN THE NEXT YEAR
AIMS
The Austrian Startup Monitor aims to identify and track startups founded in Austria over an extended time period. Startups are analysed by collecting data about their development and by conducting surveys addressing selected research questions. The insights gathered and published in the ASM will provide information for the startup community, academic entrepreneurship research and for policy makers.
The specific aims are as follows:
Continually identifying Austrian startups
Analyzing the economic development of startups and their success factors
Analyzing developments in the Austria's startup ecosystem
Comparing the development of Austrian startups on the international level
Providing information to Austrian policy makers in the areas of research, technology, innovation and entrepreneurship
Using the processed empirical data, the Monitor addresses a number of questions of great importance to the whole community.
Questions addressed by the Austrian Startup Monitor:
What characterizes the founders in terms of education, experience and gender?
Do startups achieve higher growth compared to more traditional and less innovative new ventures?
What is the share of fast-growing startups and what characterizes them in terms of technology, sectors, markets and location?
How are startups financed (i.e. savings, loans, business angels, venture capital)?
What role do mentors, business angels, intermediaries and other partners play for internationalisation and business development?
How do university spinoffs develop compared to other startups?
What business models do startups use in the various sectors?
To what extent do startups collaborate with large corporations?
How do startups perceive their current business situation and the support provided by the government?
Startups
METHOD
Definition of startups
There is no common international definition of startups. However, most definitions depend on how innovative the company is, in terms of technology, products, services and business models as well as its growth potential.
According to the European Startup Monitor, startups are defined as new ventures that meet the following criteria:
< 10 years
Innovative
Growth
Startups are younger than 10 years
Startups have innovative technologies and/or business models
Startups aim to grow their team and revenue
The Austrian Startup Monitor identifies startups in Austria based on different sources (e.g. startup contests, media screening, databases, incubators) and monitors their development over the years.
FINANCIERS
The publication of the Austrian Startup Monitor 2018 was financially supported by the following organisations:
Austria Wirtschaftsservice Gesellschaft mbH
Federal Ministry for Digital and Economic Affairs
Federal Ministry for Transport, Innovation and Technology
Austrian Council for Research and Technology Development
Austrian Economic Chambers (WKÖ)
Vienna Chamber of Commerce (WKW)
Federation of Austrian Industries (IV)
Austrian Research Promotion Agency (FFG)
Vienna Business Agency
PARTNER
PUBLICATIONS
Here you can view and download the Austrian Startup Monitor 2018 and other publications by the project team about Austrian startups and the startup ecosystem.
Keep up to date
about Austria’s Startup scene
about Austria’s Startup scene
CONTACT
UNIV.-PROF.DR. KARL-HEINZ LEITNER
Center for Innovation Systems & Policy
AIT Austrian Institute of Technology GmbH
Giefinggasse 4
1220 Wien
T +43(0) 50550-4567
karl-heinz.leitner@ait.ac.at
Markus Raunig
Austrian Startups
Lindengasse 56/18-19
1070 Wien
markus.raunig@austrianstartups.com
Dr. Rudolf Dömötör
Entrepreneurship Center
Vienna University of Economics and Business
Welthandelsplatz 1
Gebäude D5, 4. Stock
1020 Wien
Rudolf.Doemoetoer@wu.ac.at