Question 1

How do I find out whether my development proposal is eligible for funding?

Accepted Answer

Your funding expert can tell you whether your development proposal meets the formal funding requirements during a consultation. Daniela Graf and Benjamin Drosg provide consultations on International Market Entry Funding.

Question 2

What's the procedure for obtaining funding?

Accepted Answer

To receive funding, you will need to submit a funding application. Consult with your funding expert to get the information you need, submit your application online, and – this is important – don't make any investments until after you've submitted a complete application. This is because the Vienna Business Agency provides funding only for development proposals that start after submission of the application.

Question 3

Who is eligible?

Accepted Answer

International Market Entry Funding is provided to existing small- and medium-sized enterprises in all business sectors, based in Vienna.

Question 4

What is funded?

Accepted Answer

International Market Entry Funding covers personnel costs, travel expenses, external services, and intangible investments costs. The Vienna Business Agency provides funding for business projects and not day-to-day operating costs. Make the cost calculation for your development proposal as detailed as possible.

Question 5

When will I find out whether my development proposal will be funded?

Accepted Answer

The decision is made by a jury based on well-defined assessment criteria. Generally, it takes around two months to find out whether your development proposal will receive funding.

Question 6

What is the maximum amount of International Market Entry Funding that I can receive?

Accepted Answer

You can be awarded a maximum of 50,000 euros per development proposal. The maximum funding amounts vary depending on the type of funding. Ask your funding expert about the funding details before you submit your application.

Question 7

What is the minimum value my development proposal must have to qualify for funding?

Accepted Answer

Your development proposal must be worth at least 20,000 euros to qualify for International Market Entry Funding.

Question 8

What is a funding rate?

Accepted Answer

The funding rate is the percentage of a development proposal's eligible costs that will be funded. The funding rate varies depending on the type of funding. To give you an example: If the funding rate is 50% and we recognise 100,000 euros as your project costs, the Vienna Business Agency will pay 50,000 euros. The maximum funding rate for International Market Entry Funding is 50%.

Question 9

Where do I submit my application for International Market Entry Funding?

Accepted Answer

You can submit your funding application via our online portal – it's convenient and always available. To do so, you must register on our website and create a profile. In your profile, select "My submissions" and "Submit now". Funding accounts will also be settled via our online system.

Question 10

What documents do I need to apply for International Market Entry Funding?

Accepted Answer

You are required to submit a duly completed funding application along with an application confirmation certifying that the information you have provided is true and accurate. Our online system automatically generates this application confirmation as soon as you have finished completing the application form. You will also be required to provide a de minimis declaration, your latest financial statements, and/or an income statement.

Maximum funding amount:	50,000 euros per project
Funding rate:	50% for all companies
Minimum project value:	20,000 euros
Who is eligible?	Existing small and medium enterprises headquartered in Vienna.
Business sectors:	All business sectors.
Eligible costs:	Personnel costs, travel expenses, intangible investment costs such as licenses or concessions, and costs incurred as a result of your market entry abroad.
Upfront payment:	Up to maximum 50% of the awarded funding amount can be paid up front.
Maximum project duration:	2 years
Bonus:	Women's bonus: 5,000 euros. The women's bonus is awarded if your development proposal is managed by a woman with the necessary qualifications.
Documents for your submission to receive International Market Entry Funding:	A duly completed online funding application, an application confirmation, a de minimis declaration, your latest annual financial statements, and/or an income statement.
Assessment:	An independent jury will assess your submission and provide a recommendation for your development proposal's funding.
Legal basis under European state aid law:	De minimis
Submission deadlines:	November 15, 2024, February 28, 2025

International Market Entry Funding

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