Austria has change into an more and more vital participant in Europe’s startup scene, with a quickly rising ecosystem that blends innovation, funding, and expertise.
Austria’s capital metropolis, Vienna, is residence to just about half of the nation’s startups and stands out as a hub of entrepreneurial exercise, supported by a strong community of incubators, accelerators, and funding programmes. This progress is bolstered by an increase in educational and company spin-offs, in addition to a rising concentrate on inexperienced and social impression startups.
Key sectors driving Austria’s startup scene into the highlight embrace IT and software program improvement main the cost with 28% of startups pushing the boundaries of technological innovation. Equally spectacular, the life sciences sector, spanning biotechnology, healthcare, and medical applied sciences, highlights Austria’s prowess in cutting-edge science. Sustainability can be a rising star, with 26% of startups prioritising environmental and social impression, reinforcing Austria’s fame.
On this article, we discover the newest developments inside Austria’s startup ecosystem. By highlighting ten dynamic startups based after 2021, we showcase the innovators who’re shaping the long run and driving impactful progress by way of their options.
Arkeon: This modern biotechnology startup captures CO2 from industrial processes and converts inorganic gases into natural meals. Utilizing inorganic gases similar to CO2, the corporate goals to provide meals with out counting on conventional agriculture. This distinctive strategy addresses each meals safety and environmental challenges. Based in 2021, the Arkeon is headquartered in Tulln and has efficiently raised €10.5 million in funding.
Daiki: Vienna-based startup Daiki gives a SaaS platform that assists organisations in implementing AI tasks. It ensures compliance with regional, international, and industry-specific rules by way of sturdy AI technique and governance instruments. Based as a spin-off from a analysis mission on the College of Vienna, Daiki’s crew brings collectively experience in authorized, moral, design, and machine studying fields. Based in 2023, the modern startup has secured €1.5 million in funding to function throughout the synthetic intelligence and software program sectors.
Fermify: This biotechnology startup revolutionising the dairy {industry} by creating animal-free casein by way of precision fermentation. Casein, a key milk protein, is central to cheese-making. Fermify’s modern resolution empowers meals corporations to provide high-quality, cow-free dairy substitutes with the flavour, texture, and usefulness of conventional cheese. Launched in 2021, the startup gives a completely automated manufacturing system designed to scale effectively, enabling producers to undertake sustainable and moral practices whereas sustaining excessive product requirements. Positioned in Vienna, Fermify has raised €6.4 million to provide various casein extra sustainably and effectively.
Flinn: Based in Vienna, Flinn leverages superior know-how to help medical know-how producers in managing compliance with European well being and security rules. The startup specialises in simplifying important processes like monitoring buyer suggestions and producing obligatory documentation. By automating these duties, Flinn permits producers to keep up compliance effectively, permitting them to concentrate on innovation and operations. The pioneering startup based in 2022 has raised €9.8 million in funding to assist its mission of streamlining regulatory duties within the MedTech {industry}.
Fynk: Launched in 2022, the startup gives contract administration software program designed to automate all the contract lifecycle for companies. Their AI-powered platform facilitates the creation, assessment, approval, digital signing, and administration of contracts. Key options embrace real-time collaboration, automated compliance checks, or AI-driven contract evaluation. The software program additionally gives instruments for monitoring deadlines, setting reminders, and producing insights by way of analytics, enabling organisations to optimise productiveness, cut back dangers, and make data-informed selections about their contracts. Primarily based in Vienna, Fynk has raised €4.4 million to proceed empowering companies to automate workflows.
Taxado: Headquartered in Graz, this recruiting startup is disrupting the tax and auditing sectors, connecting gifted professionals with high accounting companies. Their platform gives job seekers clever job matching, nameless and safe utility processes, and priceless profession sources to assist them advance of their area. For employers, Taxado streamlines recruitment by offering entry to a various expertise pool and serving to to strengthen employer branding. Launched in 2023, the startup secured €1.4 million to make the hiring course of extra environment friendly.
HeartBeat.bio: Based in 2021, this biotechnology startup focuses on advancing coronary heart illness therapies. HeartBeat.bio goals to additional drug discovery for cardiovascular illnesses by enabling sooner and extra correct testing. They’re creating a high-throughput 3D screening platform centered on coronary heart failure and cardiomyopathies. Their platform is designed to deal with unmet medical wants for coronary heart remedy circumstances. Primarily based in Vienna, the startup has efficiently secured €6 million.
Infrared.metropolis: Based in 2023, this modern startup gives a platform for clever and resilient design powered by AI. Infrared.metropolis’s objective is to assist architects and designers make buildings extra resilient to local weather change. Their machine-learning fashions present real-time suggestions on how local weather circumstances can have an effect on buildings. Primarily based in Vienna and having raised €1 million, Infrared.metropolis is creating sustainable constructing design by simplifying local weather fashions and lowering the time required to streamline the planning and development of cities.
Sendance: Linz-based Sendance gives modern wearable gadgets with sensor know-how designed to trace efficiency, motion, and different biometrics. This information will help customers optimise their efficiency, monitor well being metrics, or enhance ergonomics in merchandise like sports activities tools or prosthetics. The corporate additionally gives a cloud-based platform that enables customers to handle and analyse the information collected by their sensors, enabling distant monitoring and deeper insights into the consumer’s actions. Based in 2021, Sendance secured € 2.6 million to speed up the event of health-focused digital merchandise
Tree.ly: Launched in 2021, this modern startup is concentrated on sustainable forest administration and local weather safety by way of carbon absorption by bushes. Their platform permits landowners to monetise their forests by producing CO₂ credit whereas committing to sustainable practices. Tree.ly enhances carbon storage in forests by way of modern strategies, together with sustainable forestry practices and the creation of nature reserves. Headquartered in Dornbirn, this startup has raised €5 million to proceed selling local weather safety tasks in European forests.
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