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Austria – an international hotspot for startups

17. December 2015

Austria’s dynamic and innovative founder scene is one of the youngest worldwide (average age of 32.3 years) and steadily attracts more international attention. Forbes Magazine has counted Austria already among the startup-hotspots in Europe for 2014.

From 110 business formations a year 73% are startups and the share is still rising.

The highly skilled young entrepreneurs focus on the European and global market. Shining examples of worldwide successful Austrian startups are runtastic - a standard fitness-app of the new Apple watch, shpock - an app which enables direct sales and purchases within a network of 10 million users, as well as Fastlane - a project which was recently acquired by Twitter.

The Pioneers Festival - a yearly highlight of the startup community which takes place in the stunning historic Hofburg palace in Vienna – brings together 1,600 startups from 90 countries and 400 international investors.

Austria´s high quality of life (Vienna has been dubbed the city with the world’s best quality of life by Mercer), a good funding structure and a dynamically growing startup-community attract young entrepreneurs from all over the world.