34,000 businesses in Vienna have received 1 billion euros in funding.
Encouraging results after 40 years of the Vienna Business Agency
The Vienna Business Agency was founded 40 years ago under the name Vienna Business Development Fund. The name has changed, but the goal remains the same: to support businesses in Vienna, to promote their innovative projects in order to create jobs, and to strengthen Vienna’s position as a business location on the international stage.
Since its establishment in 1982, the Vienna Business Agency has channelled 1 billion euros in funding for 34,000 business projects into the Viennese economy. This, along with all other activities carried out by the Vienna Business Agency over the past 40 years, has triggered 6 billion euros in investments in Vienna as a business location. In other words, every euro of funding has see a six-fold increase.
100,000 new jobs created in and for Vienna
The Vienna Business Agency’s scope of activities, however, extends far beyond its funding programmes. For example, it helps businesses from all over the world to settle here, it builds special facilities such as technology centres and life science laboratories, prepares production areas, and provides advice to entrepreneurs in 18 different languages.
futureEDUCATION Award: New award for outstanding STEM teaching presented as part of the Vienna Science Festival
The Vienna Science Festival, which took place from 9 to 11 September at Vienna City Hall, achieved thoroughly pleasing results. Around 10,000 enthusiastic visitors, the researchers of tomorrow, experienced science up close and discovered the professional fields of tomorrow at 30 stations and a variety of new workshops.
In addition, the inaugural edition of the futureEDUCATION Award was presented as part of the Vienna Science Festival. This award recognises educationalists who dedicated their theses and final projects to the topic of conveying STEM (Science, Technology, Engineering and Mathematics) content.
The 17 prize-winners were recognised last Friday as part of the Vienna Science Festival. In total, prize money amounting to €21,800 was presented. This includes prizes for the winners as well as funding for their institutions. Prize money for each individual winner of the futureEDUCATION Award was matched with equal sums for their school or university. The sole requirement is that the money must be put towards STEM teaching activities.
Vienna Media Initiative: Over 100 media innovations for Vienna to date
The "Vienna Media Initiative" funding programme has been in place since autumn 2019 and the projects submitted so far have enriched the business location with a media landscape that is increasingly diverse, high-quality and diverse.
The Viennese media landscape is growing. Since 2019, 60 new media have been founded and 51 quality projects of existing media have been supported by the "Vienna Media Initiative". The aim of the funding is to strengthen quality journalism and support sustainable solutions for the digital transformation process. With the Vienna Media Initiative, qualitative innovations from major houses (funding line "Media Project" up to 100,000 euros) as well as ideas from start-ups (funding line "Media Start" up to 10,000 euros) are supported. The effective funding of the Vienna Media Initiative is now being extended for another three years.
In the just concluded fifth round of the "Vienna Media Initiative", a total of 39 ideas from renowned houses to young start-ups were submitted. 24 of them convinced the jury and will receive funding of up to 100,000 euros.
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