Today, Austria’s leading venture capital initiators, i5invest & Speedinvest, the Austrian governmental organization AWS as well as the Austrian Innovation Center Silicon Valley have revealed an analysis about the current status of the Austrian startup ecosystem in a press-conference. The result shows that the Austrian startup ecosystem is booming if we talk about the mobile and internet sector.
As in 2007, only a few successful entrepreneurs started to force entrepreneurship with private investments individually, in 2013 the first up-and-coming generation is becoming angel and venture capital investors by themselves, big and well-known startup conferences are taking place in Vienna, the infrastructure like co-working spaces and early stage funds have been developed as well as Austrian startups attract international visibility called “innovation made in Austria”.
This is a result of a sustainable development by Austrian educational and governmental systems, the persistent engagement of individual angel & venture capital investors as well as dedicated entrepreneurs supporting the infrastructure for ongoing ones (co-working spaces, hubs, events, networking sessions, etc.).
Austria again shows its ability to improve further and set up necessary structures to force entrepreneurship and drive innovation. The ecosystem business INISMO, as the interactive corporate funding platform, shows with its international focus that Austria is definitely a place to become successful and the world is going to keep a closer eye on businesses & ideas realized by Austrian entrepreneurs.
LUZEO joined a new promising business in november 2012, called Ramsten Technologies. It’s objective is the development of cleaning plants for diesel-particle-filters that are used in construction machines, trucks and cars.
Since this enterprise is in a pre-seed stage at the moment, we’ll keep you in the loop about its further progress.
If there is an interest to participate and invest in this exciting clean tech project, don’t hesitate contacting me through LinkedIn suggesting we’re doing business together.
LUZEO announced a few months ago the development of its own system to build and grow new businesses & ideas, called Enterprise Garage.
Regarding its international aspect, LUZEO has chosen to set it up as an own organization.
Therefore, we launched the new website a week ago at TheEnterpriseGarage. During the following weeks, we’re going to set up the structure and start soon!
We’ll keep you in the loop,
The LUZEO Team
LUZEO now works with Spoonity INC., a Canada based loyalty rewards bonus system for SME merchants to build up, expand and maintain customers.
Spoonity has chosen a NFC-solution with so called TAGs. The interactive dashboard helps merchants to track, analyse and interact with their customers, increasing revenue and making the business model more stable.
Spoonity INC. and LUZEO GmbH started a pilot in Ottawa, Canada as well as Vienna, Austria at 8th of October 2012. Have a look at the participating stores here.
To get an insight of it, please have a look at the One-Pager and get in touch with us for more information, partnership or investment requests.
We’ll keep you in the loop,
The LUZEO Team
Selected pilot participants:
Raising capital is tough business. Entrepreneurs get plenty of feedback, more or less useful, but most often it is demotivating. So we have looked around, read several blog articles, and collected some answers of entrepreneurs and investors to confirm (or not) our point of view. One main statement we found is that Entrepreneurs should wait with their startups until they generate revenue to pitch to investors.
We disagree. It is our belief that not every business and idea has to be able to finance itself or need to be taken to a particular point of development to be investment-ready. We met with and advised many businesses that could not have made it without any outside investment. Investment-ready is every business and idea with a specified problem solution, target market, and business model (whether it is a direct one or one through third-party providers like advertising).
As an early stage entrepreneur, we say that early feedback can be misleading if trying to sell your startup without the promised success. However, learning by doing is the best way to get to know how the process of fundraising works, and how to achieve your goal.
As said: “When one door is closed, don’t you know, another is open.” (Bob Marley)
LUZEO introduces a unique model to invest in Early Stage Businesses and ideas – The first step to Enterprise Funding 2.0.
LUZEO is an Enterprise Garage, developing in-house businesses as well as supporting the development of businesses and ideas of other entrepreneurs. Therefore, we revert to our own skill sets as well as to our reinforcement of experienced business professionals.
On one side, LUZEO provides entrepreneurs a perfect environment to start their businesses. On the other side, LUZEO provides investors the chance to be part of exciting future businesses in various industries. We are NOT a Funds, Business Angel Network, or other type of organization that provides investment opportunities for investors, managing their capital.
LUZEO reviews businesses and ideas together with our professionals, enabling potential investors to support entrepreneurs and their businesses with knowledge, network, and capital from a very early stage for the long term. In addition, we accompany both also during their partnership to develop and run the business successfully.
Check out How We Work and get in touch with us for information to play an active role in a startup!
LUZEO, started more than a year ago, is one of the first European investment companies that closes the gap between fff- backed (family, friends, and fools who invest in the people and not the business idea) and venture capital backed (business that already generate revenue, from startup stage onwards) businesses. LUZEO funds business concepts before they are making revenue – this classifies us as a revenue share investor, instead of being an equity share investor.
After one year coaching businesses and getting personal ones off the ground, it is good to see that the Startup Hub London has also recognized this necessary development and started setting up new models in financing concept and pre-seed stage projects.
Here’s a related article to it from iBusinessAngel.com.
The future of funding has now begun, also because our great venture INISMO.com announced Funding2.0.
The LUZEO team, on behalf of INISMO, joined the42Conference 2012 in Moscow. The event was amazing! Moscow, with the support of Europe, has the chance to become a real startup hub in the future. The entrepreneurial spirit is amazing. Motivated entrepreneurs in Moscow as well as their supporters have the potential to disrupt the European startup scene in the future to become a real player next to Silicon Valley.
Thanks for the great event, we’ll join you again!
LUZEO.com announces its new web-based business tool RESTRUCTY. It’s a solution for all distressed businesses to find appropriate professionals, advisors, and capital providers to analyze their business model, pulling the right levers and making the necessary decisions to get them on track again.
Many businesses get lost in an inappropriate management structure, wrong taken decisions, or simply business myopia. Failed companies are a huge loss for the economic system, that’s why it needs to be avoided. Seriousness and sustainability are core values that Restructy is going to provide. Besides, Restructy aims high to guide enterprises into the 21st century and inspire their vision and motivation again.
We’re ready! After taking time designing and developing our new website, we’re glad to present you the new LUZEO.com.
Now it’s easier to find information regarding our services ‘project development’ and ‘business coaching’. Furthermore, startups and other early stage businesses can submit their business concepts online through our own funding platform, INISMO.
Get in touch with us, our team is here to support your business!