Start-up Package – 12 Points for the Austrian Start-up Scene

The start-up package comprises measures worth €185 million over a period of 3 years and is part of the economic policy programme for the federal government for the coming years. Although no uniform Definition provided by the start-up for these points, it can generally be assumed that start-ups jung are, with their Technology or their business model innovative and that they also a significant Staff or turnover growth show.

Specifically, the following 12 points to Grant foreseen by local start-ups:

Reduction in ancillary wage costs

Ab January 2017 Should the first three employees of innovative start-ups for three years of the Employer's social security contributions relieves will be. The „subsidised“ non-wage labour costs include, for example. Pension insurance, health insurance, municipal tax, contribution to the family equalisation fund (FLAF) and total 30,9% ancillary wage costs. To avoid threshold effects, the subsidy should melt by 1/3 annually, so that in the first year, 100% of the employer’s contributions (non-wage labour costs) are reimbursed; in the second year, two-thirds; and in the third year, one-third.

New venture capital premium for investors

To ensure participation Private investors To support young entrepreneurs, cumulative investment amounts of up to €250,000 per year are to be subsidised. The subsidy is in the form of Refund maximal 20% of the investment amount. Settlement is handled by Austria Wirtschaftsservice (aws).

Strengthening AWS Guarantees

The guarantees from the Development bank AWS are to be increased from around €200 million per year to around €300 million per year. The expected Labour market effect amounts to approximately 9,000 new or secured jobs.

Renewal of the AWS Business Angels Fund

The business angels fund is to be increased by a total of €5 million for 2016 and 2017. increased become.

Top-up of €20 million in AWS seed funding

The background to this measure is the provision of more funding for early-stage companies.

New legal form for medium-sized finance companies (MiFiG)

Several measures are intended to make it for Private investors make more attractive, Venture capital for SMEs to provide. On the investor side, this requires a Tax exemption up to €15,000 for distributions. Furthermore, the Maximum participation amount per target company and investment period from €1.5 million to €15 million increased. For the SME financing company, the Tax neutrality of capital gains and losses in the Finance sector as well as a Fee waiver foreseen.

Business Services Portal for Founders

Using the portal under https://www.foerderpilot.at/ start-ups can bypass bureaucratic procedures, making the founding process quicker and cheaper.

Start-up Fellowship for Academic Spin-offs

to enable scientists and students to more easily set up their own companies with innovative ideas, this funding is intended Staff costs funded and facilitates access to academic institutions.

New Start-up Visa as part of the Red-White-Red Card

The existing regulation for Independent key personnel should also for Start-ups valid. A residence and work permit for self-employment is granted for 1 year with the option for extension for a further year. The Further extension The Red-White-Red Card however, should be to a specific Annual turnoveror rather Funding notificationcan be crocheted.

Programmers added to list of shortage occupations

This measure is intended to address the increased demand for programmers in various economic sectors.

24h Quick Check for FFG and aws funding applications

The 24h Quick Check helps to quickly determine if government funding is available for a specific start-up through the Amazon Web Servicesor through FFG is debatable.

Patent checks for start-ups

Start-ups receiving a Credit for the services of the patent offices (for Austria or, if applicable, also for Germany and Switzerland). So that start-ups can as quickly as possible Intellectual property It should also be possible to deposit ideas at the patent office in the early stages of development, to ensure they are protected.

We will inform you about the further Legislative process Inform.

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