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Austria Plans „Young Entrepreneur Funds“ Worth € 110m
Politics ♦
Published: July 18, 2012; 18:52 ♦ (Vindobona)
The Austria Ministry of Finance and the Ministry of Economics present a „young entrepreneurs scheme“.
Austria Plans „Young Entrepreneur Funds“ Worth € 110m / Picture: © Vindobona.org
At the behest of Vice-Chancellor Michael Spingelegger, Austrian Finance Minister Maria Fekter Maria Fekter (together with FMEFY Minister Reinhold Mitterlehner) presented Austria’s new ‘Young Entrepreneurs” scheme today. “When young entrepreneurs are trying to get their businesses started and lack the necessary risk capital, banks are unwilling to provide sufficient credit and…
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