Austria Wirtschaftsservice Gesellschaft

src: www.interregeurope.eu

The Austria Wirtschaftsservice Gesellschaft (aws) is an Austrian federal development and financing bank for the promotion and financing of companies. The bank provides around EUR1 billion (2008) in development aid, mainly as grants, loans and guarantees to finance projects in the value of almost EUR11 billion (2008). aws is focused on four different areas: Technology and innovation, equity and capital markets, promotion and financing as well as services for research and development management. In addition to these core activities it also administers the Austrian federal economic stimulus package of around EUR1 billion in 2009 and 2010.

Video Austria Wirtschaftsservice Gesellschaft

History

The origins of this bank go back to four different public entities that merged in 2002 into aws: The BÜRGES Förderungsbank was founded in 1954 as a special bank for the support of small and mid-sized companies. In 1962, the ERP-Fonds (European Recovery Program) was set up based on the funds of the Marshall Plan to provide credit for economic development and innovation support. In 1969 the Finanzierungsgarantie Gesellschaft mbH was created in order to reduce the risk for project financing. The fourth organization, the Innovationsagentur, was founded in 1984 to support technology transfer.

Maps Austria Wirtschaftsservice Gesellschaft

Programs and Services

Austria Wirtschaftservice supports companies in Austria with grants, loans, guarantees and consulting services in the following areas:

Promotion schemes for start-up companies.
Support programs for the growth of established companies, with focus on regional growth, strengthening of competitiveness and job creation.
Special financing schemes for innovation and technology commercialization, particularly in the high-tech fields IT and communication, life sciences (Life Science Austria - LISA) and physical sciences as well as the creative industries (impulse):
- PreSeed: Financing of preseed projects of up to EUR200,000 per project (Life Science, IT, Physical Sciences).
- Seedfinancing: Financing of innovative start-ups of up to EUR1,000,000 per project (Life Science, IKT, Physical Sciences).
- impulse XS, impulse XL, impulse LEAD: Financing schemes for start-ups in the creative industries of up to EUR300,000 per project.
- Management auf Zeit (MAZ): Financing of external experts that temporarily provide start-ups with their know-how in finance, marketing or technology.
- Competitions and awards: Complementary to these financing schemes, innovation stimulating competitions such as "Jugend Innovativ" and the international life science business plan competition Best of Biotech are organized.

src: www.lifescienceaustria.at

International Cooperation

The aws cooperates closely with international financing institutions such as EBRD, European Investment Bank, European Investment Fund, IFC and World Bank. It is member of AECM (European Mutual Guarantee Association), EDFI (European Development Finance Institutions) and NEFI (Network of European Financial Institutions for SME).