Austria Wirtschaftsservice Gesellschaft


The Austria Wirtschaftsservice Gesellschaft is an Austrian federal development and financing bank for the promotion and financing of companies. The bank provides around €1 billion in development aid, mainly as grants, loans and guarantees to finance projects in the value of almost €11 billion. aws is focused on four different areas: Technology and innovation, equity and capital markets, promotion and financing as well as services for research and development management. In addition to these core activities it also administers the Austrian federal economic stimulus package of around €1 billion in 2009 and 2010.

History

The origins of this bank go back to four different public entities that merged in 2002 into aws: The BÜRGES Förderungsbank was founded in 1954 as a special bank for the support of small and mid-sized companies. In 1962, the ERP-Fonds was set up based on the funds of the Marshall Plan to provide credit for economic development and innovation support. In 1969 the Finanzierungsgarantie Gesellschaft mbH was created in order to reduce the risk for project financing. The fourth organization, the Innovationsagentur, was founded in 1984 to support technology transfer.

Programs and Services

Austria Wirtschaftservice supports companies in Austria with grants, loans, guarantees and consulting services in the following areas:
The aws cooperates closely with international financing institutions such as EBRD,
European Investment Bank, European Investment Fund, IFC and World Bank. It is member of AECM, EDFI and NEFI.