Start-up: the path to a successful business
Around 30,000 new businesses are set up in Austria each year. Most of these are classed as small and medium-sized enterprises. These young businesses make an important contribution to the growth of the Austrian economy by helping to enhance the environment for research and innovation and to reduce structural deficits.
At the heart of any successful business venture is a good idea. The Austrian Research Promotion Agency (FFG) is offering targeted and coordinated funding schemes and services to help turn these ideas into successful products and services. It offers young businesses and their founders support in bringing their ideas to fruition with its Start-up Funding initiative as part of the General Programmes and its AplusB centres as part of the Structural Programmes. The FFG bears the majority of the development risk within Start-up Funding. In the academic world the FFG’s AplusB centres provide advice and support to new entrepreneurs as they develop their businesses.