भारत austria

Startup Bridge

Strengthening the India-Austria Innovation Ties

अभारभिउ

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Through mutual respect, shared expertise, and a commitment to innovation, the collaboration between Austria and India promises to pave the way for continued success and prosperity for both nations.

गोख्रै नंथारगौफोर |

  • 1.4+ Bn population
  • 3rd largest startup ecosystem globally
  • 126668+ startups recognised with Startup India
  • 825.3 Mn internet users
  • E-Commerce, FinTech, Enterprise Tech, Consumer Services and Media & Entertainment are the top unicorn sectors
  • 9 Mn Population
  • Ranked 13th globally in terms of GDP per capita
  • 3000+ startups in Austria (as of Dec. 2023)
  • 95% of Austrian Households had internet access
  • 6 Unicorn Startups in sectors like fintech, edtech, Automation and Enterprise technology
  • Bn population
  • largest startup ecosystem globally
  • startups recognized with Startup India
  • Mn internet users
  • E-Commerce, FinTech, Enterprise Tech, Consumer Services and Media & Entertainment are the top unicorn sectors
  • 9 Mn Population
  • Ranked 13th globally in terms of GDP per capita
  • 3000+ startups in Austria (as of Dec. 2023)
  • 95% of Austrian Households had internet access
  • 6 Unicorn Startups in sectors like fintech, edtech, Automation and Enterprise technology

Go-to-Market Guide

India & Austria

Upcoming

Events and Activities

Discover Vienna workshops Thu, 22.08.2024 - Sun, 29.09.2024

Discover Vienna - Sustainable Technologies & Finance

Testimonials

“The Austrian Trade Commission has facilitated the visit of 4 Indian Start-up delegations to Austria in 2022 and 2023. In these visits, more than 75 Startup companies and stakeholders from India visited different cities in Austria and held fruitful interaction with various institutions in the Austrian Start-up ecosystem.”

“A high-level Austrian Startups and investors delegation participated in Bangalore tech Summit 23, MSME Connect Lucknow and Startup India, IIT Delhi in New Delhi”

Recent Collaboration

Startup India, in collaboration with Advantage Austria, launched its 21st bilateral startup bridge with Austria, aimed at fostering entrepreneurship and innovation across borders! This collaboration opens doors for startups to explore new opportunities, share knowledge, and drive global change

The launch also featured a Panel Discussion on Startup’s – Innovation and digitalisation, focussing on key trends, challenges, and opportunities facing startups as they navigate the digital age.

Recent Collaboration

Startup India, in collaboration with Advantage Austria, launched its 21st bilateral startup bridge with Austria, aimed at fostering entrepreneurship and innovation across borders! This collaboration opens doors for startups to explore new opportunities, share knowledge, and drive global change

The launch also featured a Panel Discussion on Startup’s – Innovation and digitalisation, focussing on key trends, challenges, and opportunities facing startups as they navigate the digital age.

Recent Collaboration

Startup India, in collaboration with Advantage Austria, launched its 21st bilateral startup bridge with Austria, aimed at fostering entrepreneurship and innovation across borders! This collaboration opens doors for startups to explore new opportunities, share knowledge, and drive global change

The launch also featured a Panel Discussion on Startup’s – Innovation and digitalisation, focussing on key trends, challenges, and opportunities facing startups as they navigate the digital age.

Recent Collaboration

Startup India, in collaboration with Advantage Austria, launched its 21st bilateral startup bridge with Austria, aimed at fostering entrepreneurship and innovation across borders! This collaboration opens doors for startups to explore new opportunities, share knowledge, and drive global change

The launch also featured a Panel Discussion on Startup’s – Innovation and digitalisation, focussing on key trends, challenges, and opportunities facing startups as they navigate the digital age.

Recent Collaboration

Startup India, in collaboration with Advantage Austria, launched its 21st bilateral startup bridge with Austria, aimed at fostering entrepreneurship and innovation across borders! This collaboration opens doors for startups to explore new opportunities, share knowledge, and drive global change

The launch also featured a Panel Discussion on Startup’s – Innovation and digitalisation, focussing on key trends, challenges, and opportunities facing startups as they navigate the digital age.

Recent Collaboration

ViennaUP is an annual event that showcases the dynamic startup and innovation ecosystem in Vienna, Austria. The event features a wide range of activities, including conferences, workshops, pitch competitions, networking sessions, and startup exhibitions. The fourth edition, ViennaUP 2024, is a decentralised, community-driven festival designed to bring together key players from the ecosystem. As part of this prestigious engagement, Startup India led a delegation of five DPIIT-recognised startups to ViennaUP 2024, held from June 3rd to June 8th, fostering international collaboration and exposure for Indian startups.

Recent Collaboration

ViennaUP is an annual event that showcases the dynamic startup and innovation ecosystem in Vienna, Austria. The event features a wide range of activities, including conferences, workshops, pitch competitions, networking sessions, and startup exhibitions. The fourth edition, ViennaUP 2024, is a decentralised, community-driven festival designed to bring together key players from the ecosystem. As part of this prestigious engagement, Startup India led a delegation of five DPIIT-recognised startups to ViennaUP 2024, held from June 3rd to June 8th, fostering international collaboration and exposure for Indian startups.

Recent Collaboration

ViennaUP is an annual event that showcases the dynamic startup and innovation ecosystem in Vienna, Austria. The event features a wide range of activities, including conferences, workshops, pitch competitions, networking sessions, and startup exhibitions. The fourth edition, ViennaUP 2024, is a decentralised, community-driven festival designed to bring together key players from the ecosystem. As part of this prestigious engagement, Startup India led a delegation of five DPIIT-recognised startups to ViennaUP 2024, held from June 3rd to June 8th, fostering international collaboration and exposure for Indian startups.

Recent Activity

Launch of the India-Kingdom of Saudi Arabia Startup Innovation bridge at the India-Saudi Investment Forum by our Hon'ble Minister of Commerce and Industry Shri Piyush Goyal, and his counterpart Minister of Investment Kingdon of Saudi Arabia, H.E. Khalid A. Al-Falih.

Recent Activity

Launch of the India-Kingdom of Saudi Arabia Startup Innovation bridge at the India-Saudi Investment Forum by our Hon'ble Minister of Commerce and Industry Shri Piyush Goyal, and his counterpart Minister of Investment Kingdon of Saudi Arabia, H.E. Khalid A. Al-Falih.

Recent Activity

Launch of the India-Kingdom of Saudi Arabia Startup Innovation bridge at the India-Saudi Investment Forum by our Hon'ble Minister of Commerce and Industry Shri Piyush Goyal, and his counterpart Minister of Investment Kingdon of Saudi Arabia, H.E. Khalid A. Al-Falih.

Recent Activity

Launch of the India-Kingdom of Saudi Arabia Startup Innovation bridge at the India-Saudi Investment Forum by our Hon'ble Minister of Commerce and Industry Shri Piyush Goyal, and his counterpart Minister of Investment Kingdon of Saudi Arabia, H.E. Khalid A. Al-Falih.

Recent Activity

Launch of the India-Kingdom of Saudi Arabia Startup Innovation bridge at the India-Saudi Investment Forum by our Hon'ble Minister of Commerce and Industry Shri Piyush Goyal, and his counterpart Minister of Investment Kingdon of Saudi Arabia, H.E. Khalid A. Al-Falih.

Frequently Asked Questions

    

1 What are the key industries and sectors with growth potential in Austria?

Austria excels in high-tech fields like AI, fintech, healthcare, and cleantech, along with specialised sectors like tourism, manufacturing, and mechanical engineering.

2 What are the legal and regulatory considerations for foreign businesses entering Austria?

Austria has a transparent and business-friendly environment, but understanding company registration, tax regulations, and specific industry-related regulations is crucial.

3 What kind of government support is available for foreign businesses in Austria?

Austria offers various grants, incentives, and support programs to attract foreign investment, especially in research and development and innovation projects.

4 What are the cultural and business etiquette norms I should be aware of when interacting with Austrian partners and clients?

Understanding Austrian business culture, punctuality, and direct communication style is essential for building successful relationships.

1 What are the current market trends and consumer preferences in Austria?

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2 Who are the major competitors in my industry in Austria?

Researching existing players and identifying potential partners or competitors is essential for developing a successful market entry strategy.

3 What are the typical pricing strategies and distribution channels in Austria?

Pricing should be competitive, and understanding popular distribution channels like online retail and specialised trade is vital.

4 How can I conduct market research and gather data on the Austrian market?

Various market research agencies, government resources, and industry associations can provide valuable data and insights.

1 What are the different types of business entities I can establish in Austria?

Understanding the advantages and disadvantages of different structures like branches, subsidiaries, or joint ventures is essential.

2 What are the typical recruitment processes and labor costs in Austria?

Austria boasts a highly skilled workforce, but navigating recruitment and understanding salary expectations is crucial.

3 What are the logistics and infrastructure factors I should consider when setting up operations in Austria?

Austria has a well-developed infrastructure, but considering transportation costs and supply chain efficiency is important.

4 What are the tax implications of doing business in Austria?

Understanding corporate income tax, value-added tax, and other relevant taxes is necessary for financial planning.

जोंजों फोनांजाब खालाम

SUIPartnership@investindia.org.in

newdelhi@advantageaustria.org

comm.vienna@mea.gov.in