Austrian Startup Report 2013 by Speedinvest [English]
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Austrian Startup Report 2013 by Speedinvest [English]

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The Austrian Startup Report is an ongoing joint research project to structure data about the development of the growing startup community in Austria. ...

The Austrian Startup Report is an ongoing joint research project to structure data about the development of the growing startup community in Austria.

The Austrian Startup Report provides detailed information about a nationwide, representative selection of startups, investors and public institutions.

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Austrian Startup Report 2013 by Speedinvest [English] Austrian Startup Report 2013 by Speedinvest [English] Presentation Transcript

  • AUSTRIAN STARTUP REPORT 2013
  • The Austrian Startup Report is an ongoing joint research project to structure data about the development of the growing startup community in Austria. The Austrian Startup Report provides detailed information about a nationwide, representative selection of startups, investors and public institutions.
  • Goals » raise public awareness for activities regarding the founding and growth process of startups » determine critical success factors for Austrian startups » gain information about the influence of public and private support initiatives for startups in Austria » make Austrias startup community internationally compareable und therefore more noted in Europe ...
  • The Analysis
  • Qualitative survey » By e-mail » 50 interviewees within ecosystem Befragt von Quantitative survey » Questionnaire » End of May – end of July » 575 interviewees
  • The majority of the 575 interviewees are founders or work in a startup, aged 32 years and male. Average age 32,3 years 7% 6% Private investors Public funding agency 87% Founders & startup employees Gender Comparison Region Gender Silicon Valley 12% Age 34,12 90/10 Tel Aviv 36,16 88% 91/9 LA 88/12 31,55 London 35,98 Male Female 91/9 Berlin 97/3 31,86
  • The Results
  • Highest degree University High school Apprenticeship Compulsory School Field of study 3% 3% Business administration 13% Engineering 24% 45% 31% 81% The broad majority of founders holds a university degree, mostly business administration. Other
  • The Startup Report shows that most Austrian startups are founded by first-time founders and are still in the idea generation phase. Most founders have already been around for three years 73% First-time founders 30 % 70 % Motives 14% Growth phase Idea / early stage phase 27% Serial founders 17% 69% Not having to work for other people Financial freedom Self-realisation & fun
  • The broad majority of founders pursue international market perspectives, one half considers the global market a goal. 14 % 20 % 17 % 48 %
  • 30 % Other 70 % Private Investors Amount of investment 30% 36% The majority of startups is financed by private investors. The size of the investment ist growing, but still remains clearly below international levels. How does establishing contact with Austrian VCs work compared to contacting international VCs? 34% 11% easier <100.000 100-500.000 16% not specified 76% harder >500.000 76 % find it hard to connect with Austrian Business Angels
  • 65% 67% find the subsidy jungle confusing ? think that approaching public funding agencies works well Subsidies 60% received subsidies from a public funding agency Amount of subsidies 45% <100.000 35% 20% 100-500.000 >500.000
  • 50% of founders never attended a course or a lecture about entrepreneurship. 80% would have attended such a course if it was offered at educational institutions
  • Ecosystem Austria
  • 70 % think that entrepreneurship and innovation gained attention over the last two years.
  • 73 % don’t see the value of startups recognized by society, 75 % don’t think startups are valued enough by government.
  • 90 % of interviewees think that our society lacks a “culture of failure”. 90% think that the absence of a culture of failure is the biggest restraint for entrepreneurship.
  • The broad majority … social security taxes and non-wage labor costs should be lower (93%) supports the idea that... … signing the first employee should be encouraged (93 %) … the mininum corporate tax should be removed (88 %) … the antiquated trade regulation act should be reformed fundamentally (80 %)
  • Implications
  • Developing alternative forms of investment Creation of tax incentives for private risk investments Raise awareness for the topic of startups, entrepreneurship and financial education ATTENTION!
  • Liberalisation of corporate and labour laws GmbH (LLC) light! Simplify the information research for entrepreneurs Rethink subsidies