Startup Na­tion

METROPOLE - Vienna in English - - MEDIA MONITOR -

In 2017, a record 30,000 new com­pa­nies were es­tab­lished in Aus­tria. That’s a rise of 1.9% com­pared to the year be­fore, as the Aus­trian Cham­ber of Com­merce (WKÖ) proudly an­nounced. Around 70,000 new jobs were cre­ated by these fledg­ling en­ter­prises; even set against com­pa­nies go­ing out of busi­ness, the bal­ance looks promis­ing: for ev­ery fail­ing com­pany, six new ones were started. Sin­gle-per­son en­ter­prises make up the bulk of newly founded com­pa­nies at 76.3%, while clas­sic limited li­a­bil­ity com­pa­nies make up 12.5%. One of the stated goals of the WKÖ for the fu­ture is to make pri­vate limited com­pa­nies more at­trac­tive by low­er­ing the re­quired ba­sic cap­i­tal to €10,000. En­cour­ag­ingly, more than 45% of all new com­pa­nies in 2017 had fe­male founders – an all-time high and an in­crease of 16 per cent over the last twenty years.

NEED TO KNOW

The main mo­tives to start a busi­ness for new en­trepreneurs are the wish for more flex­i­bil­ity in their daily life and the de­sire to be their own boss.

WHAT OTH­ERS SAID

“The voices of our young peo­ple can­not be ig­nored.” – WKÖ Pres­i­dent Christoph Leitl com­ment­ing on the num­ber of star­tups.

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