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Austria: Venture Capital Market is Underdeveloped
Politics ♦
Published: October 11, 2013; 16:55 ♦ (Vindobona)
According to the Austrian Institute of Economic Research (WIFO), more funds for start-up enterprises would help boosting the economy.
Austria: Venture Capital Market is Underdeveloped / Picture: © Vindobona.org
WIFO criticizes that Austrian start-up companies do not receive sufficient financial resources. Economists at WIFO underlines that venture capital is no conventional investment, but potential earnings are very high.
WIFO thinks that the innovation potential is remarkable. Moreover, the underdevelopment of the venture capital market costs economic growth and jobs, WIFO adds. “In…
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