Mitterlehner Wishes to Push SMEs and Venture Capital

People ♦ Published: February 4, 2011; 00:04 ♦ (Vindobona)

The Austrian Minister of Economy launches an initiative with the aim of doubling the venture capital of Austrian companies to € 400m.

Mitterlehner Wishes to Push SMEs and Venture Capital / Picture: © Wikipedia / Manfred Werner / Tsui

"It is important to take advantage of the growth potential and competitiveness of Austria and increase it. We must transform the current recovery into a steady upswing", says Minister Reinhold Mitterlehner.

With an “initiative for small and middle sized enterprises", 1,500 additional SMEs are to be created in the next two years in Austria. "Through our initiatives, we motivate…