Do you run a street-level shop that provides customers with goods and services for their everyday needs? Are you in the process of founding a company in order to offer new products and services in Vienna? We provide Neighbourhood Business Funding to craft enterprises and businesses offering their services to customers in their neighbourhood.
We provide Neighbourhood Business Funding for structural remodelling, non-personnel and material costs, consultation costs, training and professional development for you and your employees, marketing costs, the acquisition of technical equipment and machines that you need to run your business, licenses, concessions, and payroll costs.
Facts about Neighbourhood Business Funding
Maximum funding amount: | 75,000 euros |
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Funding rate: | 50% |
Minimum project value: | 20,000 euros |
Who is eligible? | Snmall businesses with fewer than 50 employees, as well as founders in Vienna. |
Business sectors: | Neighbourhood businesses from the trades and crafts, retail, gastronomy, book and media trade sectors |
Eligible costs: | Payroll costs, consultation costs, training and professional development for you and your employees, marketing costs, tangible and intangible investment costs (such as licences or concessions), consumables, and structural remodelling. |
Upfront payment: | Up to maximum 50% of the approved funding amount can be paid up front. |
Maximum project duration: | 2 years |
Documents for your application to receive Neighbourhood Business Funding: | A duly completed online funding application, an application confirmation, as well as a de minimis declaration, your latest annual financial statements, and/or an income statement as well as a CV of your project leader. |
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 |
Bonus: | Women's bonus: 5,000 euros. Startup bonus: 5,000 euros. The women's bonus is awarded if your development proposal is managed by a woman with the necessary qualifications. If a new company is founded as part of the development proposal, we'll also pay a startup bonus. |
Submission deadlines: | December 31, 2024, March 31, June 30 2025 |
Our consultations and networking events will help you navigate these steps.