Top 10 Startup Incubators in Austria: Programs, Funding, and Success Stories
Austria’s startup ecosystem is thriving, thanks to its robust network of incubators that provide mentorship, funding, and resources to early-stage startups.
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Here’s a detailed look at the top 10 startup incubators in Austria, their programs, funding opportunities, and success stories.
1. INiTS
Program: INiTS offers a 12-month incubation program for high-tech startups, focusing on transforming innovative ideas into market-ready products.
Funding: Up to €100,000 in funding, along with access to investor networks.
Success Story: INiTS has supported over 250 startups, including successful ventures in healthcare and AI.
Apply Here: INiTS Application
2. aws First Incubator
Program: A 12-month program offering financial support, workshops, and mentorship for early-stage startups.
Funding: Monthly personnel cost subsidies and grants for project expenses.
Success Story: Redeem Solar Technologies, a startup developing photocatalytic reactors for hydrogen production, credits the program for refining its business model.
Apply Here: aws First Incubator Application
3. Science Park Graz
Program: Focused on tech-based startups, this incubator provides mentorship, workshops, and access to a network of alumni and investors.
Funding: Leverages public funding and private investment opportunities.
Success Story: Supported startups in space-related technologies and high-tech innovations.
Apply Here: Science Park Graz Application
4. Elevator Lab
Program: A 4-month accelerator program for fintech startups, offering mentorship and Proof-of-Concept (POC) development support.
Funding: Funding is discretionary, with costs covered for POC development.
Success Story: Helped fintech startups scale and secure partnerships with Raiffeisen Bank.
Apply Here: Elevator Lab Application
5. Female Founders (Grow F)
Program: A 3-month accelerator for female-led startups, offering mentorship, workshops, and networking opportunities.
Funding: Up to €50,000 in seed funding for 5% equity.
Success Story: Accelerated 54 startups, including innovative digital and scalable businesses.
Apply Here: Grow F Application
6. weXelerate
Program: A multi-corporate accelerator offering mentorship, office space, and access to a network of industry experts.
Funding: No direct funding, but startups gain access to corporate partnerships.
Success Story: Supported startups in mobility, AI, and IoT sectors.
Apply Here: weXelerate Application
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7. Tech2b
Program: A comprehensive incubator providing training, mentorship, and market analysis for tech startups.
Funding: Access to investor networks and free office space.
Success Story: Helped startups refine their ideas and secure funding.
Apply Here: Tech2b Application
8. Startup.Tirol
Program: Focused on tech-based startups in Tyrol, offering mentorship, business plan development, and networking opportunities.
Funding: Access to funding through partnerships with universities and investors.
Success Story: Supported startups in sustainable tourism and tech innovations.
Apply Here: Startup.Tirol Application
9. Agro Innovation Lab
Program: A program for agri-tech startups, offering mentorship and access to industry networks.
Funding: Provides funding and resources for sustainable farming innovations.
Success Story: Supported startups in precision agriculture and agri-tech solutions.
Apply Here: Agro Innovation Lab Application
10. Impact Hub Vienna
Program: A co-working space and accelerator offering programs focused on social impact and sustainability.
Funding: Funding opportunities through partnerships with corporates.
Success Story: Helped startups in fashion, transportation, and social impact sectors.
Apply Here: Impact Hub Vienna Application
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Conclusion
Austria’s startup incubators and accelerators provide a fertile ground for innovation, offering a mix of funding, mentorship, and networking opportunities.
Whether you’re in the ideation stage or ready to scale, these programs can help turn your startup dreams into reality.
Don’t miss the chance to apply and join Austria’s vibrant entrepreneurial ecosystem.
Whether you’re in the ideation stage or ready to scale, these programs can help turn your startup dreams into reality.
Don’t miss the chance to apply and join Austria’s vibrant entrepreneurial ecosystem.
