Vienna.dealroom.co helps Viennese start-ups and investors to network around the world
In November 2021, the city of Vienna launched its own profile on dealroom.co – after a year of preparation by the Vienna Business Agency. The entire startup ecosystem from Vienna, Austria is represented. “Start-ups, investors, public institutions, universities, individuals – they can all be found at vienna.dealroom.co and create new networking opportunities,” says Gabriele Tatzberger, Head of Start-up Services at the Vienna Business Agency.
The profile on dealroom.co is another important step towards internationalization. Until now, the organization was only involved in local initiatives such as Start-up Report, Austrian Start-up Monitor and Austrian Start-ups. On vienna.dealroom.co, the data is now collected in a freely accessible place where it can be compared internationally. “The major international rankings of locations are already using dealroom.co data in their comparisons. Thus, with the new database of Viennese start-ups on dealroom.co, we have opened another window for the international visibility of the Viennese scene ”, explains Tatzberger.
Investors, start-ups and growing companies
Among other things, dealroom.co uses crowd-based maps in its ecosystem solutions. These represent macroeconomic trends as well as detailed data for investors and start-ups. The representations can be personalized by the caller. One example is the so-called investment heat map which describes the strengths of the startup ecosystem. In addition, unicorns as well as record investment periods or the most active venture capitalists over a certain period can be displayed.
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Vienna is still a strong brand in terms of quality of life, music and culture, but it is still not seen as a center of innovation, says Gerhard Hirczi, Managing Director of the Vienna Business Agency in a video interview with the online media Brutkasten. Yet Vienna already has a lot to show in the innovation sector: in 2019, it ranked first in Roland Berger’s Global Smart City Index, tied with London.
But according to analyzes from the European Innovation Scoreboard, Vienna is already an innovation leader – measured by its “hidden champions and imaginative companies with a global reputation”. At European level, Vienna succeeds above all with its outstanding performance in the life sciences sector and in the world with start-ups in additive manufacturing, says Tatzberger: “The products of Viennese 3D printers are sent to the moon and on the global networks of the fintech scene. in Vienna.
Other strengths of the Vienna start-up ecosystem include fintech, enterprise software, and edtech (educational technology). As recently as 2021, the gostudent tutoring platform achieved unicorn status.
Long-term stability and direction
An example of Vienna’s fintech scene is start-up bitpanda, which successfully crossed the unicorn threshold in 2021 and is now one of Vienna’s three unicorns. bitpanda aims to make investing more accessible through streamlined processes and the ability to invest in stocks, cryptocurrencies and precious metals on a single platform.
In a sense, bitpanda also reflects Vienna’s innovation strategy: the economic policy of the metropolis on the Danube manifests itself in values such as stability and sustainability. All initiatives aim to create prosperity and quality of life for as many people as possible. Above all, it seeks to create high-quality jobs and excellent infrastructure, according to the Vienna Trade Agency.
Vienna has recently taken advantage of its proximity to Eastern European markets. Since the early 2000s, the location has been used by US, Japanese and Western European companies to access Eastern European markets. In the years following the expansion of the EU to the East, companies from Eastern Europe have also become increasingly active in Vienna. Currently, around a third of annual direct investment comes from DACH countries, the EEC region and other countries, mainly the EU and the United States.
With the participation in dealroom.co, Vienna has gained a place on the roadmap of important players. Vienna’s visibility as a start-up ecosystem and location for modern and innovative companies is now set to increase.
Dealroom.co is open access. The Vienna Business Agency has only provided the human resources necessary to set up the platform and will also maintain it permanently. The data can be entered by the participants themselves. dealroom.co then complements this information with data available worldwide, explored from various sources or calculated using AI.
The success of vienna.dealroom.co now relies mainly on the actors of the scene. They can further develop the quality and the informative value of the platform by entering their company data or information on the investments that have been made, ”says Tatzberger. Better data leads to better research results.
The Vienna Trade Agency knows that Austrian investors tend to be cautious when it comes to providing personal information. In the Anglo-Saxon world, things are different. “An interview survey on finance in Vienna showed that domestic investors don’t like to talk about it even when they’ve had a successful fundraiser. Maybe we can overcome that hurdle with this tool and show ourselves as the strong location that we are, ”Hirczi said in the video interview above.
To prepare for the major challenges of the years to come, Vienna wishes to concentrate its efforts within the framework of its Vienna 2030 economic and innovation strategy. To this end, various themes have been defined. Building on its existing strengths in the life sciences sector, Vienna is striving to achieve the status of a health metropolis. But the potential for innovation also lies in the traditionally high tourist and cultural importance of the city. The city also wants to promote innovation in the areas of smart urban production and contemporary smart solutions for urban living space.
The data platform was founded in 2013 by Yoram Wijngaarde in Amsterdam. He previously worked at Lehman Brothers, among other companies, and then served as director of the Noah Conference. At dealroom.co, he provides investors and venture capitalists with the digital capabilities needed to specifically seek out promising startups and growing companies. They can also perform market research and analysis across all industries and locations. Customers have access to a SaaS (Software as a Service) platform and API (Application Programming Interface). These tools allow the dealroom.co database to be connected to proprietary business applications and integrated into day-to-day processes.
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