Burgenland's start-ups are booming: Over 40 % crack the profit zone!
Burgenland's start-ups are booming: Over 40 % crack the profit zone!
Burgenland, Österreich - The start-up scene in Burgenland is on the road to success. Despite the challenges that shape the European start-up landscape, we can record significant growth in Burgenland. According to the report of the Austrian Start-Up Monitor 2024, the number of start-ups in our region has increased from 39 to a proud 88. This is a clear indication that innovative ideas and creative business models in Burgenland are very popular. The support from the Startup Burgenland initiative of the business agency, which has been working since 2021, also plays a major role in this positive trend.
Economic support and the targeted support of young companies seem to bear fruit. Economic State Councilor Leonhard Schneemann and Michael Gerbavsits from the business agency emphasize how important such initiatives are for regional development. Over 40 percent of the start-ups have already reached the break-even and are on the way to entering the profit zone. It is noteworthy that 73 percent of start-ups have even developed international markets, which impressively demonstrates their competitiveness and innovative strength.
challenges of the EU start-up scene
But the challenges are still not to be underestimated. As they show start-ups with regulatory inconsistencies and financing gaps. These aspects often hinder development and cooperation within European start-up ecosystems. The new report by the European Commission entitled “Beyond Fragmentation: Connecting Europe’s Startup Ecosystems for Growth and Innovation” presents concrete strategies and political recommendations to create a common and resilient ecosystem. The focus is on the improvement of the financing options and the Federation of Cross -Border Cooperations.
The vision of the European startup landscape is clear: a networked network requires the strengths of local ecosystems and promotes Pan-European cooperation. Burgenland shows that these changes are possible when specifically supports support.
A look into the future
Overall, it becomes clear that the start-up scene in Burgenland is on a solid foundation. The increased number of foundations is encouraging and gives hope for a rosy future. Young entrepreneurs: Inside, innovative ideas can boost the economy and at the same time create new jobs.
The initiative Startup Burgenland and their commitment are important building blocks in this growth. Almost 33,000 start-ups exist in the EU, and developments in Burgenland could serve as a shining example for other regions. Even if there are still challenges, the Burgenland shows that positive developments are possible when the right course is taken.
For more information about the growth of the start-up scene in Burgenland and the continued challenges, read here and here .
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| Ort | Burgenland, Österreich |
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