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Where in Austria are startups founded?
How are startups financed?
How is Austria’s startup ecosystem developing?
These and similar questions are addressed
by this comprehensive study.

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 almost 3,000 Austrian startups that were identified as such and invited to participate in an annual online-survey. Of those, 1,169 founders and CEOs participated in at least on of the ASM surveys conducted from 2018 to 2021 and provided information and insights about the status quo, outlook and ecosystem surrounding startups in Austria.

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ABOUT
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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.
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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 2023

FACTS FROM THE

AUSTRIAN STARTUP MONITOR 2022

38
GREEN & SOCIAL IMPACT STARTUPS
33
HAVE AT LEAST ONE FEMALE FOUNDER
12
EMPLOYEES PER STARTUP
24
ACADEMIC SPIN-OFFS
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 was financially supported by the following organisations:

Federal Ministry of Labour and Economics

Federal Ministry of Education, Science and Research

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Austrian Economic Chambers (WKÖ)

FFG_Logo_DE_RGB_1500px

Austrian Research Promotion Agency (FFG)

aws logo

Austria Wirtschaftsservice Gesellschaft mbH (aws)

EIT Manufacturing

Regional partners:

Vienna Business Agency

Screenshot 2020-02-03 17.12.42

Hub,ert

Screenshot 2020-02-03 17.11.44

Science Park Graz

Screenshot 2020-02-03 17.12.16

Tecnet Equity

START UP TIROL

Tecnet Equity

Innovation Salzburg

build! Gründerzentrum Kärnten

Wirtschaftsagentur Burgenland

PARTNERS
Hier geht es zur Befragung 2021
PUBLICATIONS

Here you can view and download the Austrian Startup Monitor and other publications by the project team about Austrian startups and the startup ecosystem.

Cover 2023

Keep up to date
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
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