Do you have an unconventional solution for the environmental and social changes currently underway? We provide Vienna Quality of Life Funding to assist small- and medium-sized enterprises as well as founders in their efforts to implement new ideas for a more sustainable world. Vienna Quality of Life Funding places a special emphasis on development proposals in the fields of health, education, employment, climate action, environment, diversity, social cooperation, and integration.
We provide Vienna Quality of Life Funding to support social innovation, new products, and business models that inspire positive social change and contribute to sustainable development as targeted by the Sustainable Development Goals (SDGs). Our funding helps cover payroll costs for employees, self-employed contractors or SME partners and owners, consultation costs for launching your development proposal effectively, the purchase of machines, devices, or licenses, and the acquisition of intellectual property rights as well as any structural remodelling that you require to ensure the sustainability of your development proposal.
Facts about Vienna Quality of Life Funding
Maximum funding amount per project: | 150,000 euros per project |
---|---|
Funding rate: | maximum 50% |
Minimum project value: | 20,000 euros |
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. |
Who is eligible? | Small and medium-sized enterprises, as well as founders. In addition to companies, we also provide funding to Vienna-based associations and organisations in the social, research, and educational sectors as partners. |
Business sectors: | All business sectors. |
Eligible costs: | Payroll costs, consultation and development costs, investment costs for new machines and equipment, prototype construction costs as well as costs for structural modifications. |
Upfront payment: | Up to a maximum of 50% of the approved funding amount can be paid up front. Don't forget your biannual progress report on your development proposal. |
Maximum project duration: | 2 years |
Assessment: | An independent jury will assess your submission and provide a recommendation for your development proposal's funding. |
Documents for your application to receive Vienna Quality of Life Funding: | A duly completed online funding application, an application confirmation, a de minimis declaration, your latest annual financial statements, and/or an income statement. |
Legal basis under European state aid law: | De-minimis |
Submission deadlines: | August 31, December 31 |
Our consultations and networking events will help you navigate these steps.