If the reasons listed above are not convincing enough, you might also factor in that Austria has continued to move forward as an innovator in science and technology. Austria has shown to be particularly adept in the mechanical engineering, automotive, medical technology, biotechnology and ICT sectors that have been driving the country’s emergence as one of Europe’s most attractive places for potential angel investors. Its first-rate educational system works closely with the business community to groom highly skilled workers that are immediately ready to contribute their new ideas.
Even though Austria has established itself as a stable global economy, banks and government assistance programs have been forced to cut back on funding due to the recession. The aforementioned young workforce that have hopes in establishing new businesses are having a difficult time getting started without that initial investment. Fortunately for them, Austria is not short on affluent investors who are looking for up-and-coming entrepreneurs that may have the next innovative idea.
The Austrian branch of the Angel Investment Network makes it possible for entrepreneurs to pitch their ideas to angel investors who not only offer monetary backing, but also provides an experienced voice to help guide untested young professionals learn what it takes to create venture capital and establish a strong business. They provide vital contacts with people not only within the confines of Austria, but throughout the rest of Europe and worldwide.
While market reports may say to be cautious during the current economic downturn, there may not be a more opportunistic time than now to build the next big enterprise from the ground level to an office with a beautiful view in the heart of Vienna.
More information available at http://www.investmentnetzwerk.at/