Deadline: 15 November 2024
Do you want to expand your company and open up new markets abroad? Apply for Vienna Business Agency’s International Market Entry program which supports small and medium-sized enterprises (SMEs) in positioning themselves internationally on a long-term basis.
With the International Market Entry Fund, they support you if your project incurs personnel and travel costs or costs for acquiring licenses and concessions to be present abroad, as well as costs for services.
Goals
- Given the geographical limitations of the domestic market, a high export orientation is necessary for many Viennese companies an essential prerequisite for their successful business activities for high added value in Vienna. Entry is particularly important for small and medium-sized enterprises (SMEs). However, a new foreign market is associated with major challenges of a financial, regulatory, organizational and, in many cases, cultural nature.
- This program is intended to support Viennese small and medium-sized companies in their internationalization efforts and the associated entry into a new market for them and to encourage them to do so. This funding program follows the general objectives (economic effects, innovation orientation and social benefits) of the “Framework Directive 24+ of the Vienna Business Agency on monetary economic support” (hereinafter referred to as the Framework Directive). Internationalization opportunities must be taken into account as part of product development.
- In addition, this funding program addresses the following focus topic of the framework directive:
- Employment: The internationalization project is intended to help the Viennese company in the medium to long term take on additional employees and grow sustainably.
Funding Information
- Maximum funding amount: 50,000 euros per project
- Funding rate: For all companies 50%
- Minimum project size: 20,000 euros
- Maximum project duration: 2 years
Fundable Projects
- Projects from small and medium-sized companies in Vienna that want to host international companies are eligible for funding. Focus on business relationships in a foreign market that is new to the company. The projects must be suitable for sustainably and permanently increasing the company’s sales opportunities and volumes increase and achieve a long-term or continuous presence in the targeted market. Visiting trade fairs alone (without a plausible internationalization strategy) is not eligible for funding.
Eligibility Criteria
- The International Market Entry Fund supports existing small and medium-sized enterprises from all sectors.
- The International Market Entry Fund supports projects with a size of 20,000 euros or more.
- Funding will only be paid out after funding has been approved. Your project may only start once you have submitted your funding application in full.
For more information, visit Vienna Business Agency.
