With a workforce of 966,000 and a total population of 1.9 million, plus 125,000 companies, over 9,000 new startups launched each year and around 20 universities generating an impressive talent pool of students, Vienna is among the global leaders in the business and research sector.
Globally renowned for its culture and high quality of life, the Austrian capital came top of the Startup Cities Index 2019. These rankings, compiled by British freelancer marketplace PeoplePerHour, evaluated 25 cities according to key factors for startups – from the availability of co-working spaces to the depth of the local talent pool.
These factors combine to make Vienna the ideal launchpad from which to reach the European market.
European (CEE) market. This view is supported by how easy the city is to reach with new and simpler air and rail connections. Vienna also has its nose in front when it comes to mobile internet: Austria is among the first countries in Europe to have adopted 5G internet, which offers download speeds 10 to 20 times faster than other networks.
Home to people from 182 nations and a vibrant, diverse and fast-growing community, Vienna is becoming one of the most promising startup hubs in Central Europe.
With its strong economy and keen focus on the service sector and specialist areas of research and IT, Vienna is home to numerous startups working on solutions for the long-term benefit of society. Focusing on AI, blockchain, robotics, IoT and visual computing, the ICT sector dominates the startup scene in Vienna – in keeping with international trends. The life sciences sector also plays a significant role, and a specific life sciences platform has even been established to promote this field. In addition, the creative industries and the social entrepreneurship scene based on the Impact Hub Vienna have brought renewed vitality to the Viennese startup ecosystem.
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