Funding of economically relevant projects

The "Promotion of economically relevant projects" continuously offers non-repayable grants to companies, start-ups, non-profit organizations, and public institutions in Styria for the implementation of innovative initiatives. The objective is the targeted support of measures that make a qualitative contribution to the Styria Economic Strategy 2030 – particularly in the areas of innovation and research projects, digitalization, international business activities, as well as regional development projects. Eligible costs include personnel expenses, material and travel costs, event expenses, and professional consulting services. Project sponsors with headquarters or a place of business in Styria may submit applications at any time and must include, alongside a precise project description with budget and financing plan, a De-minimis declaration. Selection is based on key evaluation criteria such as the degree of innovation, sustainability aspects, and economic benefit. A detailed implementation plan demonstrates feasibility within specified deadlines.

Following a positive decision by the Styrian State Government, a written funding agreement is concluded, defining all obligations regarding proof of use. Disbursement is made in agreed installments upon submission of original receipts or electronic invoices. Regular monitoring by Department 12 – Economy, Tourism, Science and Research ensures efficient use of funds. For funding volumes exceeding 100,000 euros, the authority also reviews the overall management of the funded institution. Rights of reclaim and retention are contractually stipulated to ensure compliance with all conditions. With this funding initiative, the State of Styria strengthens location quality, promotes technology transfer and international networking, thereby creating sustainable framework conditions for forward-looking growth.