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28% 15% Tourism Industry Austria is a strong industrial location As a

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Presentation on theme: "28% 15% Tourism Industry Austria is a strong industrial location As a"— Presentation transcript:

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2 28% 15% Tourism Industry Austria is a strong industrial location As a
percentage of GDP 2016

3 Austria: Strong Industrial Basis
Contribution of productive sector to GDP in %, 2017 Source: OECD, Eurostat 2018

4 „New“ Austrians Largest foreign communities
Source: Statistik Austria 2018

5 Top Industries Life Science Automotive Electronics Machinery

6 Austria Invests in Innovation
Increase of R&D expenditures EU: +16% Austria: +66%

7 Austria‘s R&D Expenditures Grow
Above Average, As percentage of GDP 3,19 Forecast 2018 Germany Austria EU-28 Source: Eurostat

8 Austrian Investments rank #2
Change of investment quotas between 2007 and 2017 in % Source: Eurostat 2018

9 Comet Zentren und Comet Projekte
in Österreich FFG | Österreichische Forschungsförderungsgesellschaft | Juli 2018

10 Academia meets Business
AplusB – Academia plus Business INiTS tech2b accent ZAT CAST SPG build!

11 Austria supports researchers
Spin-off Austria Tax privileges for migrant scientists fellowship initiative up to 500,000 € support to convert research results into business ideas tax credit of 30 % (limited for 5 years) returning scientists eligible (period abroad reduced to 5 years)

12 Investor-friendly Tax System
Corporate tax rate: 25% Modern group taxation Tax premium for R&D: 14% No trade tax Double taxation treaties

13 Financing: Venture Capital

14 Funding: Unique! 55% of startups get subsidies
Inkubator / Company Builder / Accelerator 19,3 % Erspartes (Finanzielle Mittel der GründerInnen) 81,2% Öffentliche Förderungen und Unterstützungen 55,0% Venture Capital (VC) 13,8% Crowdfunding / Crowdinvesting 9,9% Business Angels 33,4% Weitere Finanzquellen 6,9% Interne Finanzierung (Cash Flow) 29,3% Sonstige Kredite 2,8% Bankkredit 21,8% Initial Coin Offering (ICO) 1,1%

15 Funding for R&D: Unique!
Direct incentives Indirect incentive: Research Premium Mixture between cash grants and subsidized low interest rate loans Tax credit: 14% Costs of staff and material for in-house research or outsourced to Austrian research institutes Expert opinion by FFG required For SME and large companies!

16 Subsidies for R&D Projects are Available
Via Two Main Program Lines „Top Down“ Thematic calls „Bottom-up“ Any topic Any time „Basic programme“ „Special programs“

17 Comprehensive Funding System
AWS FFG FWF VBA Austria Wirtschaftsservice funding bank for corporate business development Austrian Research Promotion Agency promotes R&D by companies along the entire innovation chain Austrian Science Fund promotion of basic research At the regional level: additional funding and support Vienna Business Agency

18 Startup Funding System – FFG

19 Early Stage Funding – AWS

20 What We Can Do for You Cost free consulting services
Company foundation Legal and tax aspects Location search Incentives Regulations Business contacts … making your entry in Austria easy

21 ABA Offers Fast, Non-bureaucratic
Consulting and Services – Free of Charge First Contact Evaluation Implementation General information on Austria Market data Legal and fiscal framework Fact-finding missions Regulations and labor costs Site selection Real estate Consulting on subsidies Trade licence Useful contacts Assistance in obtaining federal subsidies Assistance with permits …for all sectors and types of business from commercial to R&D!

22 ABA – Your Personal Guide to the Business Location Austria


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