The Federal Ministry for Digital and Economic Affairs sees itself as an innovation driver in Austria for Austria. In addition to own offerings and solutions, optimal conditions must be created for innovations in the sense of a digital ecosystem.
Businesspeople, and especially small and medium-sized enterprises (SMEs), need to catch up when it comes to implementing digitalisation. According to the OECD, Austria is more advanced than Germany, but still below the EU28 and OECD average.
According to a survey carried out by the Austrian Federal Chamber of Commerce, about half of the 1,700 SMEs surveyed want targeted advice on how to implement the digital transformation. Through joint action with the Chamber of Commerce, such as the SME Digital Package (in German), it will be possible to increase the degree of digitalisation of small businesses and also to make better use of the opportunities offered by digitalisation.
A free online status check gives you the opportunity to check the digital starting position of your own company within a few minutes.
Start-ups also comprise a substantial part of the digital transformation. With their innovative solutions, they are forming the eco-system to give creative minds the space for growth. It is important to support them in their early phase by appropriate means. This does not necessarily have to happen through funding, but rather requires a network so that founders can establish partnerships. In this phase is has been especially taken care of keeping hurdles for start-ups as low as possible.
To this end, the Federal Government launched a de-bureaucratisation offensive. An essential principle thereby is the "Once-Only Principle": Companies in Austria have to comply with 230 million information obligations, in other words make reports in various forms, filling in an average of 55 fields, which costs the economy a total of 4.3 billion €. This should be changed through establishing the "Once-Only Principle". Information that already exists in the system are accessible by authorities and do not need to be re-submitted by the entrepreneurs at every contact.
The goal is to help start-ups as well as SMEs to concentrate on their core business.
With the "JumpStart" program, the Federal Ministry for Digital and Economic Affairs (BMDW), together with Austria Wirtschaftsservice GmbH (aws), is strengthening the funding offer for young, innovative companies. The focus is on supporting and developing the service and competence portfolio of selectively chosen incubators and accelerators to create ideal conditions for start-ups with high growth potential. Further information under Start-up Funding Program JumpStart (in German).