Economics Minister Martin Kocher has proposed an Austrian Fund of Funds to boost venture capital investments, aiming to strengthen Austria’s economic sectors. This initiative would involve institutional investors contributing an initial capital of 500 million to 1 billion euros, backed by government protections and tax incentives to minimize risks. Berthold Baurek-Karlic, CEO of Venionaire Capital, supports the proposal, pointing out the long-term benefits for Austria’s startup ecosystem and economy. The proposal’s timing coincides with upcoming elections, raising questions about its immediate implementation and political motivations.
Venture Capital, Finance, Government Policy,Austria
Austrian Fund of Funds: Austrian Economics Minister Kocher proposes Fund for Startups