aws First Incubator

With aws First Incubator, we support young, innovative people on their way to having their first very own company – with a dash of entrepreneurial spirit, with guidance and resources, and with professional coaching and financial support, and with the aws first community and a network of experts.

Industries

All – few exceptions (see program document)

Company size

Projects with 1-4 project members

Development phase

  • Pre-foundation phase: from business idea to business model
  • Young businesses (formation of the company not longer than 6 months ago, previous net sales not more than 10,000 euros.)
  • You are innovative people with an entrepreneurial spirit.- All persons are between the age of 18 and 30.
  • 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).
  • If the project includes at least one woman who will own or already owns more than 25% of the business, the possible funding amount is increased by up to EUR 5,000,-.

Eligible costs

  • Personnel costs
  • Material costs
  • Third-party costs
  • Rental costs
  • Travel expenses

Project duration

1 - 2 years

Disbursement

  • personnel costs: monthly
  • Project budget: in 2–3 tranches upon reaching predefined milestones

Repayment

Nonrepayable

Costs

None

Additional funding

Within the framework of the AGVO and the de minimis ceiling, you can combine the following subsidies with aws First Incubator:

  • Companies which were founded more than 6 months ago
  • Projects without any product or process innovation

Deadlines and dates

April 28st, 2022 (12 a.m.)

Application, selection and approval

1. First, you apply online via aws Fördermanager with an

  • application video
  • your personal data
  • a project description
  • proof of identity

You will find more informations in the download section.

2. From the submitted project, a jury will select the most promising ones.

3. Then you will take part in the aws First Start-up Camp (May 23rd to 25th, 2022). Participating in the aws First Start-up Camp is mandatory to get into the program.

4. Then the jury will select the most promising projects.

5. We will invite the best projects to the aws First Incubator, where you can refine your business model with our assistance.

 

We will inform you in writing as soon as possible.

 

Duration of the approval process

2 months after the application deadline

Your contact

Elena Maria Tröscher, BA
Elena Maria Tröscher, BA
Entrepreneurship
Julia Schanderl
Entrepreneurship