New Corona start-up support – everything clear?
15.06.2020
Recently the Austria Wirtschaftsservice (aws) announced the conditions for eligibility for funding under the Covid-Start-up Aid Fund. If a start-up receives fresh equity or equity-like contributions from investors, these funds are doubled by a grant under this support programme (up to a maximum amount of TEUR 800). However this subsidy must be repaid in the event of success within an observation period of 10 years.
The aws-funds can be used to finance running costs (e.g. personnel costs including incidental wage costs, material costs, R&D expenses) and investments. Appropriate applications can be submitted electronically until 15.12.2020.
von Christoph Puchner und David Gloser