JumpStart Funding Program Creates the Right Framework for New Businesses

06/11/2018

Vienna (OTS) – The Federal Ministry of Digitization and
Business Location (BMDW) is badociated with Austria
Wirtschaftsservice GmbH (aws) the third round of the tender
JumpStart program completed successfully. From 24 submitted
Projects, an independent jury of experts has the best concepts
selected, now in incubator, with a maximum of 150,000 euros
to be taken in hand. They are: the founders, Lemmings and The
Vienna Ventury, Climate KIC of Lower Austria and I.E.C.T. of
Tirol. The program is focused on support
development of domestic incubators and accelerators, the
innovative start-ups, not just offices, laboratories or
Production areas, but especially customized
Provide consulting services.

"Our innovative start-ups need the best
Conditions. We can make one with the JumpStart program
important contribution to the transformation of ideas into successful business models
make. What is particularly positive is that we, in this round with the
The support of the founders has also targeted women in start-ups
can support. We need more founders and we need them
next to courage and also appropriate initiative
General conditions, "said Minister of Economic Affairs Margarete Schramböck.

Zwtl .: Projects from all over Austria

In the third round of calls, 24 requests were submitted.
submitted throughout Austria. In addition to known and stuck in the scene
The anchored actors were also able to welcome many young people in this tour
Initiatives are discussed. The range of candidates and
selected projects range from "stand-alone" to more than
Business incubators and technology centers to study
Accelerators and spread across all relevant startup operations
Industries such as life sciences, computer, web / mobile, services and
Equipment.

"In order to implement their ideas, new businesses need financial as well as financial support
Resources a work environment in which they are totally on their
Concentrate on projects and both networking and
enjoy a lively experience exchange with other start-ups
can. With aws JumpStart, we support the best incubators and
create the necessary conditions, "says the aws
The management, Edeltraud Stiftinger and Bernhard Sagmeister.

At first were in the promotion rail now
selected and supported appropriate incubators and accelerators.
This is a more productive and non-bureaucratic business
Frame in which they can develop. In addition need
particularly innovative start-ups also finance themselves. In one
The second module of the funding program will therefore be promising
Start-ups have also taken over directly. Up to five of the companies that
in a JumpStart Incubator / Accelerator will be added
selected. Pro start-up is a promotion of 22 500 euros
provided.

Zwtl .: The projects in brief:

Zwtl .: Climate KIC

Climate KIC is the largest public-private network in Europe for
Innovation in climate protection, which has been implemented both in Austria and in
from other European countries. By the huge
Network of partners from more than 330 research institutes,
Educational institutions and SMEs will be start-ups in the fields of
Development of green, sustainable financial instruments
Production systems, climate-friendly land use and sustainable development
The use of the city offered a wide range of advice and workshops.

Zwtl .: Founders

The Female Founders Club was founded in 2016 by Lisa-Marie Fbadl, Tanja
Sternbauer and Nina Wöss have founded a platform to strengthen
Create networks and promote women in the start-up business sector.
Meanwhile, the founding community has also
made an international name, with members over 10
Nations. This community then serves as an acquisition of
Company for the planned acceleration program, the selection
Projects of "preparation for investment" and success
The entry into the market is expected to lead.

Zwtl .: I.E.C.T.

The private institution I.E.C.T. – Institute for Entrepreneurship
Cambridge – Tirol worked with your co-founder Dr. Hermann Hauser, the
Co-founder of the Cambridge phenomenon, veteran on board, the
a vital contribution to the construction of an emerging country
The culture of entrepreneurship contributed. I.E.C.T. existing offers
and established businesses as well as the industry by a
Strategic support and innovation looking for the optimal solution
Requirements to meet their needs.

Zw .: Lemmings

Lemmings is an incubator and accelerator Viennese early stage
the focus on emerging technologies such as artificial
Intelligence, blockchain and virtual and augmented reality. the
The founding team, Thomas Schranz and Allan Berger, already has an excellent
Experience starting your flower boot on that one
Project Management Service for software teams. Lemmings
has supported more than 200 participants over the past two years and around the
Promote and attract even more talent now
Program called "Project Magic" set up.

Zwtl .: The Ventury

The Ventury 2016 was among others by Christoph Aschberger,
Christoph Bitzner and Jakob Reiter founded in Vienna.
The three met in the framework of the joint work on
The Simplewish start-up, which continues to work. their
The founders gathered their experiences in the Austrian start-up
Ecosystem as mentors, jury members and predecessors of
Organizations and educational institutions. The focus of the incubator
program of acceleration lies in the operational support of
Starting in the conversational interfaces, the AI ​​and the machine
Learning.

More information about the program is available at the following address:
[www.aws.at/jumpstart] (Https://www.aws.at/foerderungen/aws-jumpstart/)

Stocks on the radar: Amag . composite . Palfinger . Rosenbauer . Buwog . Warimpex . Bawag Group . Agrana . S Immo . Lenzing . S & T . DO & CO . Fabasoft . Uniqa . VIG . UBM . Zumtobel . Sanochemia . Andritz . AT & S . FACC . Porr . Souche Oberbank AG . Viennese private bank . Volkswagen Vz. . E.ON . RWE . Bavaria . Wirecard . Infineon . Merck KGaA,

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