aws First Incubator

With aws First Incubator, we support young, innovative and entrepreneurial thinking people on their way to their first own company - with professional coaching and financial support, the aws First community and a network of experts.

aws First Incubator (overview)

What is funded?

Development of ideas through to first steps on the market

Sector

all - few exceptions (see program document)

Target group

Natural persons and legal entities,partnerships and sole proprietorships (SMEs)

The target group may vary depending on the focus of a call.

Funding procedure/instrument

Call | Grant, Coaching

Project volume

max. EUR 55,000 per project

Further details on the eligible costs can be found in the respective tender documents.

Project duration

maximum 2 years

Submission deadline

Call #1 suitable for people aged 18 and over (no age limit) of all nationalities with a valid residency permit for Austria at the time of the application and for the duration of the program (English as project language): May 7 - June 27, 2024

Please note: It is not possible to apply for aws First Incubator Call #1 and Call #2 at the same time.

Approval period

2 month

Industries
All – few exceptions (see program document)

Company size
Projects with 1 - 4 project members

Development phase
Pre-start-up phase and start-up phase: from business idea to business model to start-up and/or market maturity

Requirements

Pre-foundation phase: from business idea to business model
You are innovative people with an entrepreneurial spirit.
You have a first innovative idea that can be developed into a business model and / or for which you still need essential know-how for your first steps on the market.
You meet the requirements of the program document.

Success rate
10 – 20 %

Type of support

Coaching and mentoring by experienced experts
and founders
Personnel costs
Project budget
Workshops on matters that are relevant to start-ups
Classes for further developing the idea
Coworking space
Travel expenses
Network: aws First Community, events, excursions

Funding amount

up to EUR 55,000 per project (see respective tender documents)
The grant can amount to a maximum of 90% of the costs or a maximum of EUR 49,000.
Gender bonus: If, at the time the grant is awarded, the project includes (one or more) women who (will in future) own more than 25% of the shares in total, the grant awarded increases to up to 100% of the eligible costs or a maximum of EUR 55,000.

Eligible costs