However, that journey requires careful nurturing in a supportive funding environment.
Austria has developed a wide range of national and regional funding schemes to back new companies embarking on this exciting journey towards business success. Focusing on start-up ideas in biotechnology and medical devices, austria wirtschaftsservice awsthe Austrian government promotional bank, provides financial support through two custom-designed funding programmes: LISA PreSeed provides funding for the critical phase before a life science company is actually set up.
Costs related to implementation and the development of a business plan are funded with non-refundable awards of up toeuros.
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Setting-up an innovative, internationally competitive life science company requires significant expertise, courage and capital. LISA Seedfinancing from aws single selber schuld this start-up phase by providing up single serve capsules 2019 viennaeuros, combined with business advice. This Seedfinancing is then refunded to the aws in case a company is making a profit or is sold.
Importantly, in contrast to other more traditional loans, there is no requirement for customary securities. However to qualify for this funding a company must also be suitably funded through private capital. Other aws initiatives to support the life sciences include guarantees and loans.
Furthermore, aws operates two funds to close the financing gap for young companies.
These instruments are complemented by the Venture Capital initiative that undertakes co-investments with institutional investors. These powerful finance streams are matched by financing vehicles from other Austrian agencies. We are committed to the development, growth and prosperity of the Austrian life science industries as a leading component of the Austrian economy.
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In the home market, LISA is a resource for all life science companies within and all companies wishing to relocate to Austria. We see our role in helping companies make connections locally and further afield. On the international front, LISA also works towards Austria being a country known worldwide for the excellence of its life science sector.
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Organised through the regional life science clusters, LISA represents companies in the therapeutic, medical technology and diagnostic sectors as well as providers single serve capsules 2019 vienna enabling technologies and related service companies located in the following Austrian regions: With its new technology strategy and support for the Technopol Program, Lower Austria has established locations which guarantee future-oriented economic development.
Technopol Krems for health technology: Technology focus: HTS is an economic initiative focused single serve capsules 2019 vienna strengthening the competitive capabilities of regional companies, institutions single serve capsules 2019 vienna scientific bodies in the life science sector.
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At the interface of economy, science and politics, Human. The members of HTS cover the whole value chain in the life science industry.
Moreover, Styria is one of the most attractive economic regions in Europe for technology investment. Within this world-renowned center for engineering and biological sciences, two areas are emphasized: Among other things this area offers very strong competencies in microelectronics, biomedical sensor technologies, diagnostic systems, production technologies and material sciences including 3D printing as well as ICT such as eHealth, image processing or data analytics.
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This area includes equipment and plant engineering, process development and optimization, pharma production and logistics as well as industrial biotechnology. With a growing base of life science graduates and a track record of innovation attracting leading minds single serve capsules 2019 vienna Styria, the region is poised for a great future and Human.
Besides many other projects, the cluster has a special focus on Active and Healthy Aging and on Innovation processes, in order to achieve the above-mentioned goals. Find out more on our website: LISAvienna supports innovative biotech, pharmaceutical and medical technology companies in Vienna that develop and market new products, services and processes.
The platform links these companies with development partners and key customers. As a central knowledge carrier, LISAvienna provides input for decisions to advance the life sciences in Vienna and contributes to positioning the City of Vienna as one of the leading European single serve capsules 2019 vienna centers.
Electronic and printed news items from the field of life sciences in Vienna Contact us for your individual interview on the topics of sponsorship and financing and let your network grow at our events in Vienna. We also invite you to join us at international trade fairs and delegation visits and to stay updated with our electronic newsletter or via social media platforms.
Please visit our website www. Entrepreneurs profit from an ideal environment for the translation of novel ideas and technologies into thriving businesses in the life sciences. The MedTech industry is a future market with high innovation potential, strong competition and promising market development.
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Especially in Austria, more and more founders and entrepreneurs identify the high market potential of healthcare in general and MedTech in particular. Consequently, the MedTech-Cluster also targets companies which are active in fields like materials, mechatronics or IT and who are interested in entering a new field of business by opening their own MedTech-unit.
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Sincewhen the Cluster was founded, there has been a total number of 86 ideas, coming from MedTech stakeholders, which were turned into successful projects. Areas of expertise Based on the main topic of Medical Engineering the Cluster focusses its activities on two areas of expertise: The cluster creates an organized, cohesive presence of the sector which, in turn, leads to an enhanced visibility of Tyrolean expertise in the respective specialist fields both in Austria and abroad.
The Tyrolean life science scene features three universities and two universities of applied sciences conducting excellent, internationally recognized research, while a strongly innovative industry is home to world market leaders as well as highly single frauen in celle driven start-up companies. The partners work in the fields of medical engineering, pharmaceuticals and biotechnology, life science-related services, research and education.