Startup Package

aws Startup Fund

• Private Funding (from 10,000€ to 800,000€) will be doubled through state subsidies. The subsidies are repayable in case of success
• Volume: 50 million € of state funding
• Eligible are innovative startups that have been founded within the past 5 years
• More Information & Application Form

VC Fund

• 50% guarantee by the government for private VC Funding
• Volume: 50 million €
• Financing per business: from 200,000€ up to 1 million €
• Eligible are innovative startups that have been founded within the past 5 years

Insurance

• Application for reduction of social security payments
• Application for paying social security contributions in instalments or deferral of payment
• Suspension of overdue fines
• Latest post of the social security institution on COVID-19
• Contact point at the social security institution: vs@svs.at (include your “Sozialversicherungsnummer”)
• In urgent cases, the SVS can be reached via phone: 050 808 808.
• The Austrian Health Insurance Group put relief measures for employers in place

Taxes

• Application for reduction or suspension of upfront tax payments
• Supension of interest on back taxes owed

• Summary of Information of the Ministry of Finance
• Infopage of the Austrian Economic Chamber
• Hotline of the Ministry of Finance: 050 233 233

Liquidity

• Government Information on Hardship funds
• Infopage of the Austrian Economic Service (AWS) on Bridge Loans
• AWS Hotline: 0043 1 501 75 500
• Article on the possible deferral of rent payments under extraordinary circumstances
• Additonal credit opportunities for exporting companies
• Additonal funds available for companies in the tourism sector
• Bridging Bonds of up to 500.000€ offered by the WKBG
• Do you currently receive or plan to apply for a grant by FFG? They have adjusted their grants to the current situation

Employees

• Register employees for short-time work with up to 90% loss of working hours within 48 hours
• The Economic Chamber’s factsheet about dismissals with rehiring agreements
• FAQ to the COVID-19 Short- Time Work Model
• Contact Numbers of the Local Unemployment Service Offices
• Article on the Legal Side of Short Time Work
• List of templates for dismissals & rehiring agreements

Remote Working

• Overview of mandatory measures against COVID-19 for companies in different sectors
• Startups that Offer free Services to Support in the Corona Crisis
• Digital Team Austria – Free Digital Services for Small and Medium Enterprises
• Things to keep in mind when switching to remote work
• Vienna Business Agency grant for IT infrastructure to support tele working
• 5 new work concepts to support remote team collaboration

More Helpful Resources:

• Schönherr – Free Convertible Investment Agreement for Startups
• TalentGarden – Get a flex desk membership & many more benefits for only 120 euros per month. Find out more here.
• SMB help – A useful collection of resources and tools for businesses and freelancers affected by the Corona Crisis
• IP Austria, Media Group RTL – helps you grow with their best offer for startups ever
• Media in Progress – Free Media Power for Austrian Businesses
• “Conda hilft” – Crowdfinancing for companies in trouble

• “Händler helfen Händlern” – Opportunities for people working in retail to temporarily work in food retail
• “Zusammen Leiwand” – Support for small and medium enterprises through voucher purchases
• We Are Developers – Free job ads to hire developers
• “hokify Nachbarschaftshilfe” – Easy access to free childcare
• 65 free tools to help you through the epidemia
• How to use a Trend Canvas to thoroughly assess the impact COVID-19 will have on the systems related to your business
• “Im Grätzl” – Free Online Office Hours and support groups for self-employed people
• Meet Adam – Free Controlling Services & Support with Financial Planning for entrepreneurs
• King Bill – Free Accounting Program for Startups