Upcoming Young and Promising Social Entrepreneurship in Austria

The social entrepreneurship in Austria is still in its early days. 75% of all proposals are not older than a time period of four years. The age of the projects also compliments the amount of awareness about the meaning of social entrepreneurship and its contribution to the societal development.

As per the recent studies conducted by the Vienna University of Economics and Business, there are around 270 social entrepreneurs to be located in Austria. The infrastructure that will be providing support to such entrepreneurs is growing at a slower pace and will also be providing the co-working spaces, consulting, training or access to networks of supporters.

A large number of individuals have not realized the fact up till now that actually they are social entrepreneurs and there is an upcoming career pathway unfolding. This emerging career path is also receiving surplus public acknowledgement.

This is the major reason that the organizations such as the Hub Vienna and Ashoka are raising awareness about this upcoming and growing work. A collaboration of both firms has helped the term "social entrepreneurship" become a major work option in the country of Austria

Earning own wealth and acquiring an increasing amount of financial independence is a major issue for Austrian social entrepreneurs.

As per the study conducted by the researchers from the Vienna University, 52% social entrepreneurs' budget is generated from private funding. However, one-third of it arrives from their self earnings. Only 10% of it arises from the federal funding.


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