Lessons from Austria: How to build a robust startup ecosystem

Kambis Kohansal Vajargah (Head of Startup-Services and Deputy Head of Founder-Services at Austrian Federal Economic Chamber) is the founding partner of a number of startups – including watchado, Saturo, ALVERI, and more. He’s an angel investor at Gateway Ventures and Founders of Europe, and he was chosen by the World Economic Forum as a European Digital Leader. 

He’s been advising startups around the world since 2011 – guiding them through the process of scaling their operations into global markets. 

And at the Austrian Federal Economic Chamber, he’s driving the development of a thriving government-backed startup ecosystem. 

We asked Kambis how he’s working to support startups, and why startups matter. Here’s what he told us. 

What’s the overall purpose of Startup Services and Founder Services at the Austrian Federal Economic Chamber? 

“The Austrian Federal Economic Chamber's Startup Services and Founder Services are designed to streamline the entrepreneurial process, offering guidance and resources to new businesses. 

“They aim to simplify the complexities of starting a business by providing access to necessary information, support networks, and financial advice. This ensures that startups have a solid foundation to grow and succeed.”

What are three lessons you learnt from launching your own startups, about the kind of support startups need to thrive? 

“From my experience with launching startups, I've learned that tailored support is crucial. 

“First, startups need access to industry-specific mentors who can provide practical advice and insights. 

“Second, flexible funding options are essential to navigate the unpredictable nature of business growth. 

“Lastly, a supportive community that encourages collaboration and networking can significantly enhance a startup's potential.” 

How easy is it for startups in Austria to access government support - and what could other national governments learn from Austria's approach? 

“In Austria, government support for startups is strongly accessible, with various grants and funding programs available and being recognised as one of the finest globally. The country's approach, focusing on ease of access and comprehensive support, serves as a model for other nations looking to foster innovation and economic growth. 

“The nation's dedication to supporting startups is further highlighted by the establishment of a new legal entity, FlexCo, tailored specifically for the unique needs of startups. This innovative legal structure offers a flexible and competitive framework, making it an attractive option for entrepreneurs and investors alike. Complementing these efforts, Austria has introduced a tax-favourable employee stock option plan, which serves as an incentive for employees to invest in the growth and success of their companies.”

Why is supporting startups important to you, personally? 

“Supporting startups is a personal passion of mine because these companies are the driving force behind innovation and societal progress. They challenge the status quo, bring fresh ideas to the market, and create job opportunities.  

“I want to empower people. I want someone to look at me and say: ‘because of you, I didn't give up.’” 

How would you like to see LEAP supporting startup ecosystems in the future?  

“Looking ahead, I envision LEAP playing a pivotal role in nurturing startup ecosystems by facilitating connections between startups, investors, and experienced mentors. LEAP offers a platform for startups to showcase their innovations to a global audience, helping them gain visibility and traction in their respective industries. Finally, the rise of LEAP also represents the rise of the Middle East as an emerging hub for technological innovation.” 

Thanks to Kambis Kohansal Vajargah at the Austrian Federal Economic Chamber. Would you like to learn directly from the world’s leading startup ecosystem experts? Register now to attend LEAP 2025.