Young Entrepreneur Support (One-time Grant)
One-time grant for the establishment or takeover of SMEs in the tourism and leisure industry in Austria. Eligible investments range from EUR 50,000 to EUR 500,000. Applications possible until 30.06.2028.
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Grant criteria
Funding objective
Support for the establishment and takeover of small and medium-sized enterprises in the tourism and leisure industry through the promotion of activatable investments in intangible and tangible assets.
Eligible expenses
- Capitalizable intangible investments
- Capitalizable tangible investments
- Conversion costs
- Furnishing/Equipment
- Redemption payments in the course of business acquisitions
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Eligible to apply
- Companies
- Founders
Funding requirements
- Company headquarters and investment location in Austria
- Membership in the Austrian Economic Chamber (Tourism and Leisure Industry Division)
- Establishment or takeover not older than 3 years at the time of application
- Equity share of at least 25% of the project financing
- Shareholding of the young entrepreneur >50%
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Documents required for application
- Project description
- Financing plan
- Country annex Burgenland
- KWF annex to the OeHT application
- Energy certificate
Evaluation criteria
- Incentive effect of the project
- Coherence of the business concept
- Sustainability aspects
Description
The Young Entrepreneur Support (One-Time Grant) offers founders and young SMEs in the tourism and leisure industry throughout Austria a one-time grant of up to 7.5% of the capitalizable investment costs. Eligible for funding are intangible and tangible fixed assets as well as conversion, furnishing, equipment, and takeover costs in the context of a new establishment or takeover. Projects with an investment volume between EUR 50,000 and EUR 500,000 are eligible. A minimum equity share of 25%, a shareholding of the young entrepreneur of over 50%, and membership in the Austrian Federal Economic Chamber (Federal Division for Tourism and Leisure Industry) are prerequisites. Sustainability aspects, the coherence of the business concept, and the incentive effect of the project are included in the evaluation.
Applications must be submitted exclusively via the OeHT customer portal before the project start. Required documents include, among others, project description, financing plan, energy certificate (no older than 3 years), as well as the country-specific Burgenland country annex or KWF annex for the OeHT application. Combination options exist with the ERP Tourism Loan, OeHT Investment Loan, and OeHT guarantees. Applications can be submitted until 30.06.2028. The funding specifically supports small and medium-sized enterprises on their path to a sustainable and future-proof establishment in the Austrian tourism market.
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