The Startup Ecosystem of Graz
Graz has 84 startups in our sample database. This represents about 11% of Austria’s startups. Graz is the 2nd best startup ecosystem in Austria.
CITY RANKING
While Graz decreased by 39 spots in its global rank in the Global Startup Ecosystem Index of 2024, its ranking in Austria remained stable at 2 nationally since 2023.
National Ranking
In Austria
Regional Ranking
In Western Europe
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Startups
Graz Top Startup Industries
9 startups
8 startups
10 startups
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Ecosystem HealthCheck
Graz Ecosystem Health Check
The health check tables allow you to look at the performance Graz has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
Browse the startup ecosystem database of Graz
Become our Graz Ecosystem Partner
Startup Ecosystem Charts
Startup Funding in Graz2017 - 2024
Startup Funding in Graz 2017 - 2024
From 2022 to 2023, startup funding in Graz has decreased by 28.33%. During this period, the number of deals in Graz has decreased by 38.89%. Since 2017, total startup funding in Graz exceeded US$ $402.64M.
Average Funding in 2023
$4.99M
Funding in 2023
$54.94M
Deals in 2023
11
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Graz
Global Rank
Graz is ranked within the top 300 startup ecosystems globally.
Top Industries
Graz’s startups excel particularly in Hardware & IoT where it ranks 156 and in Marketing & Sales, and Healthtech. Find out more
Top Cities for Startups in Austria - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
1st 0 | 83rd - 13 | 9.213 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 295th - 39 | 1.358 | 00.00 | 00.00 | 00.00 | |
3rd 0 | 316th - 31 | 1.184 | 00.00 | 00.00 | 00.00 | |
4th 0 | 572nd - 106 | 0.361 | 00.00 | 00.00 | 00.00 | |
5th + 1 | 780th - 31 | 0.198 | 00.00 | 00.00 | 00.00 | |
6th - 1 | 899th - 203 | 0.148 | 00.00 | 00.00 | 00.00 | |
7th 0 | 964th - 138 | 0.127 | 00.00 | 00.00 | 00.00 |
Startups
Notable Startups in Graz
ECOSYSTEM
Why should you join Graz's Startup Ecosystem?
Overview
Within Graz there is an increased attraction for entrepreneurs to set up their startups in industries such as Hardware & IoT, Marketing & Sales, Healthtech. These three industries represent about 32% of the startups represented on the Startup Ecosystem Map of Graz.
2nd
National Rank
81st
Regional Rank
Overview
Graz is Austria's 2nd best startup ecosystem and is ranked 81st in Western Europe. With a population of 0.1M - 0.5M people, Graz is ranked 295th in the world. The city has some notable startup success stories including Nuki.
ECOSYSTEM
Startup Infrastructure in Graz
Accelerators
Coworking Spaces
BLOG
Recent Posts
Mon Apr 14 2025
From Service-Based to Product-Based Economy – Lessons from North Macedonia
In this special episode of the Startup Ecosystem Podcast, we revisit a conversation from two years ago, recorded during a visit to North Macedonia. Eli David Rokah, CEO of StartupBlink, sits down with Igor Madjov, founder of Startup Macedonia, to explore how Skopje is evolving from a service-based IT outsourcing city into a product-driven startup […]
Wed Apr 02 2025
Corporate Startup Activity Index 2025
For the first time ever, 372 corporations across 30 countries, 11 major industries, and 10 sub-industries have been ranked based on how actively they engage with startups. StartupBlink’s Corporate Startup Activity Index is the world’s first benchmark for corporate startup engagement — powered by real data, global partnerships with top corporations, governments and data sources, […]
Thu Mar 06 2025
The Impact of Government Support on Startups
A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]