Since 2011, the Austrian starting scene has been booming and has contributed to the creation of many works over the years. In 2024, the starting ecosystem saw a record investment of 1,200 million euros. Innovations are creative and substantial, particularly in industries such as quantum computing and sustainable technology. Many new companies work exceptionally, with companies such as Bitpanda and Gosudent that already reach the State of Unicorn. There are numerous new companies in a variety of fields, from medical care to AI and education.
Why do people throw startups in Austria?
A very attractive reason why businessmen choose certain countries to launch new companies is the support of the government they could receive. Austria sacrifices many investment opportunities, either through private channels or public subsidies. In 2023, the Austrian Research Promotion Agency allocated around € 100 million in funds to new companies in the initial stage, showing the wealth of opportunities available in the country.
Legal processes in Austria are relatively simple, which means that it is not exaggeratedly complicated to establish a startup. In addition, there are important tax incentives available, which makes this an attractive perspective for new new companies.
Austria Activey encourages innovation, an obvious fact by the many new companies that have formed as spin-off of academic institutions. This also encourages a stronger relationship between universities, research organizations and companies. Beyond the spin-offs, Austria is home to first-level universities that the attractions of substantial talent, an important factor for new companies that seek to recruit qualified employees.
The country is also strategically located in the heart of Europe, which makes expansion throughout the continent and international markets such as South America or Africa much more accessible.
Moreover, Austria is a beautiful country with much to offer, which makes it an ideal location not only to do business but also to establish itself in the long term.
10 new companies in Austria
Here are 10 new promising companies that promote innovation in Austria:
1. Arkon
Arkeon was established in 2021 by Gregor Tegl and Simon Rittmann in Vienna, Austria. The company promotes sustainability through the use of co₂ liberated from industrial processes and turning it into organic foods through gas fermentation and Arcaa microorganisms.
The company’s avant -garde technology offers a novel method to produce amino acids for food and lifestyle products. Take advantage of the unique capacities of ancient microbes to transform carbon dioxide directly into protein ingredients, offering a sustainable way to feed people worldwide.
Based in Tulln, Arkeon has assured € 10.5 million in initial funds of investors such as Synthesis Capital and Rain Ventures. This financing is helping them expand the operations in their pilot facilities in Vienna.
2. Daiki
Daiki was founded in 2023 in Vienna by Artur itsorf, Felix Famira, Jona Buddinghaus, Kevin Michael Gibney, Mark Coeckelbergh, Mauritz Kop, Sandra Dernbach and Wolfgang Gross. The startup provides a SaaS platform focused on the AI government and the fulfillment of ISO.
Daiki helps organizations to launch AI projects while guaranteeing compliance with local and specific industry regulations. Its mission is to allow the development and deployment of responsible and ethical.
3. Jentis
Jentis was founded in 2020 in Vienna by Thomas Touchner, Christian Kletzander and Walter Parigger, along with businessmen Klaus Müller and Robert Nachbargauer. The beginning sacrifices a monitoring solution on the server side that allows companies to generate more precise web data and remain complying with privacy laws.
Their innovative tools allow companies to maintain ownership of their data and comply with GDPR through user level monitoring without violating privacy. The company has raised 14.7 million euros to improve its platform, particularly in overcoming challenges such as cookies advertisement blockers.
4. Shopstory
Shoptory is a marketing software startup based in IA founded in 2020 in Vienna by Robert Böhm, Roman Schweiger and Sebastian Schwelle. They have developed a SAAS platform that improves the performance of electronic commerce using AI and a central data center.
The platform integrates the essential data and marketing of search engines, ultimately, improves yield and advertising income while reducing marketing costs for electronic commerce companies.
5. Despire
Designed is a Austrian energy startup launched in 2020 in Vienna by Juergen Mayerhofer, Mario Schmoltzi and Wolfgang Eichberger. The company is behind an avant -garde negotiation platform designed to accelerate the energy transition.
The platform has real -time market data, advanced graphics tools and orders without problems, equipping retail merchants with the tools they need for efficient and informed decision making.
Duration A Round of Financing of Series B, the successful company raised more than 33 million euros.
6. Fermify
Fermify, a Startup of Biotechnology and Food Technology, was founded in 2021 in Vienna. Its platform focuses on domesticating microorgranisms to produce alternatives to traditional cheese.
Technology addresses the challenge of large -scale milk protein production, allowing cheese manufacturers to create dairy products without involving animals.
To date, Fermify has raised € 7.5 million to further develop its innovative processes.
7. Deepopinion
Founded in 2020 in Innsbruck, Austria, by Stefan English and Stefan Ramershoven, Depopinion provides a cognitive B2B platform without code and easy to use that simplifies the processes involved.
The platform combines the digitalization of the commercial process, the development low or not without code, and the Agent AI. This allows companies to authorize the workflows of documents and text messages, such as responding to requests for proposals that postpone the extraction of advanced data, reasoning and understanding.
8. Single Diagnostics
Single Diagnostics is an early startup detection and prevention of Innsbruck -based cancer. It was founded in 2020 by Chiara Maria Herzog, James Barrett, Martin Widschwendter and Peter Kayatz. The company focuses on epigenetic tests for the prevention of precision of women’s cans.
Your flagship product, WID-TEST alone, translates the prevention of avant-garde cancer in practical diagnostic tools. In 2022, the company obtained € 1,355 million in initial funds.
9. Inoqo
Inoqo is a startup based in AI founded in Vienna in 2020 by Bernhard Sterl, Doris Wimmer, Elisa Gramlich, Helene Saurais, Markus Linder and Simon Haberfellner. The company has developed a SAAS platform that uses AI to evaluate the environmental impact of food and beverage products.
Its software takes advantage of intelligent algorithms to evaluate the climate impact, optimize ingredient supply and produce detailed reports. This allows retailers to strengthen their sustainability initiatives and meet the demand for transparency consumers in food production.
10. Fynk
FYNK is a contract management startup in 2022 in Vienna by Constantin Winoniak, Dominik Hackl and Markus Presle. The company provides an intelligent platform with AI designed for users without legal history.
The FYNK solution optimizes the entire life cycle of the contract, from the creation and editing to electronic signature and management. Its intuitive system offers customers visibility and total control over legal documentation, improving governance and operational efficiency.
