Announcement of a new fund with a fund-of-funds structure—referred to in political parlance as the “Red-White-Red fund-of-funds”—marks an important turning point for Austria’s start-up scene. Hurray! After years of discussion, this brings an instrument that has long been established in many other countries. The goal is to pool private capital with public funds to support start-ups and scale-ups through their growth phases. The decision is the result of intensive work by numerous stakeholders—led by invest.austria.
