SARS-CoV-2 relief efforts and funding opportunities

The purpose of this overview is to help the companies and research institutions in our network to quickly find the information on open calls and relief efforts they need.

1. Support at the EU level and further international actions
2. Measures in Austria
3. Complementary support opportunities in Vienna

The LISAvienna team is still here for you, and we can also provide support by phone, e-mail or online conferences. 

1. Support at the EU level and further international actions

In response to the COVID-19 pandemic, a large number of research infrastructures has set up specific services, such as rapid or fast track access, to speed up research. This is a great resource to develop the solutions needed right now. Click here for an overview. The list for example includes biobanks and services for the design, planning and management of multinational clinical trials.

The European Commission and EMBL’s European Bioinformatics Institute (EMBL-EBI), together with EU Member States and research partners such as ELIXIR, deployed a dedicated European COVID-19 Data Platform to enable the rapid collection and comprehensive data sharing of available research data from different sources for the European and global research communities. The European COVID-19 Data Platform consists of two connected components:

• SARS-CoV-2 Data Hubs organize the flow of SARS-CoV-2 outbreak sequence data and provide comprehensive open data sharing.
• The COVID-19 Data Portal brings together and continuously updates COVID-19 datasets and tools, hosts sequence data sharing and facilitates access to other SARS-CoV-2 resources. This is the primary entry point into the functions of the European COVID-19 Data Platform.

The InnovFin Infectious Diseases Finance Facility (IDFF) provides financial products ranging from standard debt to equity-type financing for amounts typically between EUR 7.5 million and EUR 75 million, to innovative players active in developing innovative vaccines, drugs, medical and diagnostic devices or novel research infrastructures for combatting infectious diseases. Project costs may include clinical trial costs, set-up of commercialisation such as market access, development of prototypes or industrial roll-out of novel equipment, pre-clinical R&D costs and working capital requirement. The product is being made available directly through the European Investment Bank. Further details are available here.

The Coalition for Epidemic Preparedness Innovation (CEPI) funds and partners with organizations to accelerate the development of vaccines against emerging infectious diseases. Learn more about open calls here.

• Please click here for a broad overview on the coronavirus response at the EU level and read information on the recovery plan for Europe. 
• The European Medicines Agency (EMA) is contributing to global efforts to save lives during the COVID-19 pandemic by expediting the development and approval of safe and effective treatments and vaccines, supporting the continued availability of medicines in the European Union (EU), and providing reliable information to patients and healthcare professionals. The COVID-19 EMA pandemic Task Force is the main tool of EMA and the European medicines regulatory network for enabling EU Member States and the European Commission to take quick and coordinated regulatory action during the pandemic.

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2. Measures in Austria

Austrian companies carrying out coronavirus tests under medical supervision can get financial support of € 10 per test. Follow this link to the aws website for further details and read the information provided by the Austrian Economic Chamber. In addition, the federal provinces list sources of supply – download WKW’s list with about 70 medical devices sales companies in Vienna here (date: June 23, 2021).

The following support measures are available:

• COVID Start-up Support Fund: Innovate Start-ups may apply for a grant doubling PE and PE-like investments placed since the beginning of the COVID-crisis. The minimum investment sum is €10,000 and grants need to be paid back in case of success. A total budget of €50 million is available for these grants. Follow this link for further information.
   
• Guarantees for Venture Capital Funds: aws guarantees will be applied to mobilize additional risk capital for start-ups. €25 million will be made available to back up to 50% of fund volumes. Venture Capital Funds will invest €200,000 to €1 million in each start-up selected for an investment. Additional information is provided here.

The aim is to facilitate the financing of working capital loans for companies whose sales and earnings performance is impacted by the loss of orders and deliveries or other market changes as a result of the coronavirus crisis.
100% guarantee rate for loans up to €500,000 and 90% for loans up to €27.7 million
Click here for further information.

The federal government grants operating cost subsidies to support the Austrian economy. Additional details are available here.

The Backstop fund installed by the Austrian Federal Government supports self-employed people. Following the doubling of the budget and an extension of the eligibility criteria, phase 2 funding has started. Further details are available here.

Please also read the summary provided by the Austrian Federal Ministry for Digital and Economic Affairs. In addition, the Austrian Federal Ministry of Finance provides information on tax related relief efforts and support.

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3. Complementary support opportunities in Vienna

In April 2021, a new call within the Innovate4Vienna program was launched. The Vienna Business Agency plans to provide € 4 million in support of research, development and manufacturing of corona- and post-corona-relevant innovations. Next Deadlines: November 15, 2021 and March 31, 2022
Further information is provided here.

Wien Holding has founded a new association named "Stolz auf Wien" Beteiligungs GmbH that takes shares in strategically relevant Viennese companies that are at risk because of the coronavirus-crisis. An initial funding volume of € 40 million is available. The City of Vienna provides € 20 million, Wirtschaftskammer Wien and additional private partners provide € 20 million. Details are available here.

waff and the Vienna Public Employment Service (AMS) can support Vienna-based companies in a variety of ways: from setting up a labor foundation (Arbeitsstiftung) when staff need to be made redundant to providing training for employees during a period of further education leave or while they are working reduced hours. If redundancies are unavoidable, labour foundations offer the employees affected the opportunity to make a career change. Additional details are provided here.

Access the Vienna Business Agency’s brief summary on support measures for Viennese businesses by following this link.

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This list is not exhaustive. Feel free to contact us at news(at)LISAvienna.at to request any additions or changes.