The Austrian government has decided to launch a unique programme supporting academics in the creation of spin-offs. This initiative will invest €15 million into the programme, investing in individual projects with up to €500.000 of capital and 18 months of mentoring and training support.  During this time, the scientists should dedicate themselves completely to the research, not participating in other tasks such and teaching or other projects .
In 2016, 23 different spin-offs were created at 22 universities. This was an increase from previous year; however, Spin-off Austria is expected to double that number in the next three years . In addition, the Austrian government is setting up Knowledge Transfer Centres around the country to help contribute to company success .
It is becoming clear that spin-offs offer important research and economic value to a country. The path that Austria is taking supports all possibilities from around the nation, increasing the probability of spin-off (and country-wide) success.