65% will continue to invest in startups in 2020

A survey of about 300 private investors from Austria carried out by the investor network Prime Crowd concludes that 65% would still like to invest in startups this year in spite of the coronavirus crisis.

The top choice are healthcare startups, favoured by 91% of the companies interviewed, followed by telecommunications with 71% and business services/human resources with 29%. The pressure of digitalisation will also lead to many investments. With respect to cross-industry areas, private investors want to primarily invest in the fields of big data/analytics, platforms/marketplaces and cybersecurity.

The public sector is also involved in supporting young companies. “With the EUR 150 mio Startup Aid Package, the government has taken a necessary step to support the Austrian startup scene. Startups generate potentially high macroeconomic impacts with respect to jobs, innovations and investments. Accordingly, they are a key driving force and pacemaker for the future”, states Harald Mahrer, President of the Austrian Federal Economic Chamber (WKO).

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