Vienna Business Agency

The Vienna Business Agency serves as the primary economic development agency for the city of Vienna, Austria. Its core mission is to support and promote businesses, from startups to established companies, across various sectors. Unlike traditional venture capital firms, the agency operates as a public entity, providing a comprehensive suite of services including funding, consulting, and networking opportunities. Its strategic focus is on fostering innovation, digitalization, and sustainable growth within the Viennese economy, aiming to enhance the city's competitiveness as a business location.

The agency offers diverse financial support mechanisms, primarily through non-repayable grants and, in some cases, equity investments. For early-stage companies, the "Startup Package" is a key offering, providing grants of up to €100,000 (approximately $108,000) to innovative new ventures. Additionally, through its "Seedfinancing Vienna" program, the agency can participate in equity rounds, co-investing with private investors with amounts reaching up to €200,000 (approximately $216,000). These programs are designed to bridge funding gaps and de-risk early-stage investments, encouraging private capital to flow into promising Viennese businesses.

Beyond direct financial aid, the Vienna Business Agency plays a crucial role in the local ecosystem by offering extensive advisory services, facilitating access to international markets, and providing infrastructure support. In 2022 alone, the agency supported approximately 2,800 companies, disbursing a total of €68 million (around $73.4 million) in funding across its various programs. This broad approach underscores its commitment to nurturing a vibrant and resilient business environment, making it a pivotal resource for companies looking to establish or expand their operations in Vienna. Its support is instrumental in translating innovative ideas into sustainable businesses, contributing significantly to job creation and economic prosperity in the region.