CERCLE DIPLOMATIQUE - issue 02/2016

PROMOTION
PHOTOS: COLOURBOX • ENTGELTLICHE EINSCHALTUNG
Join the Start-up Hotspot Austria
INFO
Global Incubator
Network
GIN is managed by the
public agencies aws
(Austrian Federal
Development Bank) and
FFG (Austrian Research
Promotion Agency) both
100% owned by the
Republic of Austria. The
program is supported with
EUR 4 Million over 3 years
by the National Foundation
of Science, Technology and
Development.
The existing start-up
promotion schemes and
networks of aws and FFG
are complemented by new
instruments and
international cooperation
measures and partnerships.
Be part of the Global Incubator
Network (GIN) and „go international“
connecting international investors,
start-ups and incubators with the
Austrian start-up-ecosystem.
Start-up Hotspot Austria
On top of its central location in the heart of Europe and
its outstanding quality of living, the start-up hotspot
Austria can offer excellent infrastructure as a country
of advanced technology, a blossoming start-up scene
and a large network of business angels, early stage investors,
incubators and co-working spaces as well as
active support for start-ups by the Austrian government.
How does GIN work?
Core of GIN is a single point of contact offering easy
access to information and contacts between start-ups
and incubators, business angels, venture capital funds,
supporting measures of public agencies and technology
transfer facilities, both in Austria and on an international
level.
Supporting incoming start-ups and investors
GIN offers a variety of different support schemes, local
infrastructure and relevant networks for international
start-ups and investors to enter the Austrian and European
market. Two co-investment events a year for national
and up to 20 international venture capital funds
and investors per event promote better access to Austrian
and international start-up-investment opportunities.
An incubator and mentorship programme promotes
the internationalisation efforts of selected
international start-ups on the Austrian, European and
CEE markets.
The network presents funded welcome packages for
international start-ups, pitching events for national
and international investors and topic oriented expert
meetings to start international R&D cooperation. The
„goAustria“ initiative will give up to 10 innovative international
start-ups the opportunity to participate in
an incubator programme in Austria. It enables participants
to gain valuable insights, experiences and contacts
in the Austrian start-up scene. Participants are
also nominated for taking part at the biggest start-up
event in Europe - the Pioneers Festival in Vienna.
The Austrian Business Agency (ABA), one of the main
GIN partners, supports the selected international
start-ups and investors in all questions related to starting
business in Austria.
Austrian start-ups going global
GIN also provides international expertise and a network
for Austrian start-ups who want to enter international
markets. Bilateral cooperation measures and
partnerships in target cities and regions like Tel Aviv,
Hong Kong, Singapore, Tokyo and Seoul will support
outgoing Austrian start-ups. An international start-up
Academy, funding for travel costs for stays in international
incubators and co-working spaces are offered.
BMWFW and the Austrian Federal Economic Chamber/
ADVANTAGE AUSTRIA also support Austrian
start-ups in their internationalization activities under
the export promotion scheme „go international“.
„Go Tel Aviv“, a joint pilot program by ADVANTAGE
AUSTRIA and GIN starting in May 2016, offers 8 selected
Austrian start-ups an incubator program and
insights in the Israeli market.
Since 2010, 90 Austrian ICT start-ups had the opportunity
to spend up to three months in a US partner
incubator under the ADVANTAGE AUSTRIA „Go
Silicon Valley“ program to work on their business
plans and to gain access to partner companies, venture
capitalists, business angels and mentors.
In addition, pitching events and start-up ecosystems
trips to European, US and Asian hotspots like NYC,
London, Japan and South Korea under the Innovation
Bridge Asia are organised. „go international“ also supports
participation at international events like Slush
Helsinki, Dublin Web Summit and Mobile World
Congress in Barcelona.
More information available online under
http://www.gin-austria.com
http://www.advantageaustria.org/international
L'AUTRICHE
DER NAME IST
PROGRAMM. IN
L’AUTRICHE DREHT SICH
ALLES UM DEN STANDORT
ÖSTERREICH, SEINE
WIRTSCHAFT UND SEINE
BEDEUTUNG AUF DEM
INTERNATIONALEN
PARKETT.
THE NAME SAYS IT ALL.
IN L’AUTRICHE THE FOCUS IS
ON AUSTRIA, ITS ECONOMY
AND ITS ROLE ON THE
INTERNATIONAL STAGE.