Question 1

What funding programs exist for AI projects in Austria?

Accepted Answer

Austria offers several funding programs for AI projects: aws AI-Start supports AI innovations with up to €500,000, the FFG Innovation Check provides up to €10,000 for feasibility studies, and KMU.DIGITAL supports digitalization with up to 80% funding rate. Additionally, there are regional programs from economic development agencies.

Question 2

What is the maximum funding amount?

Accepted Answer

The maximum funding varies by program: The FFG Innovation Check offers up to €10,000, KMU.DIGITAL up to €15,000 per project, and aws AI-Start can fund projects with up to €500,000. The funding rate typically ranges between 50% and 80% of eligible costs, depending on company size and project type.

Question 3

Who can apply for funding?

Accepted Answer

Primarily small and medium-sized enterprises (SMEs) based in Austria are eligible for funding. Key requirements are: maximum 249 employees, annual turnover under €50 million or balance sheet total under €43 million. Sole proprietors, one-person businesses, and startups are also eligible. Some programs have specific industry restrictions.

Question 4

How does the application process work?

Accepted Answer

The funding application follows several steps: 1) Free initial consultation to select the right program, 2) Creation of a detailed project plan with cost breakdown, 3) Submission of the application to the funding agency (e.g., FFG or aws), 4) Review by the funding agency (2-8 weeks), 5) Upon approval: project start and subsequent cost reimbursement. Important: The application must be submitted before project start.

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