Austria, a country associated with high standard of living, skiing, snitzel and somewhat conservative attitudes has over the last few years taken large steps in creating a startup ecosystem of its own. In fact, several of my high school friends are now actively working in startups or with seed investors in Vienna.
Today, I was pleasantly surprised that Bank of Austria head, Willibald Cernko is calling Austrian high net worths to invest into startups. He states that not only can they make a great return and help Austria generate new jobs but also help Europe in its growth.
Wise words Willibald! Keep rocking!
Article (in German): Reiche sollen Start-ups fördern – futurezone.at.