Difficulties for Austrian Start-ups

Start-ups strenghen Economy through Innovation

What it means to be a start-up, we truely know. The first three years are the most difficult for start-up companies – most start-ups fail in this time. Many things we succeeded only were possible with help of the Austrian supporting bank AWS. This year Michele Stinco in fact was chosen as a jury member of AWS for his long time experience with polychromelab.

This Austrian newspaper article about innovative start-ups and their difficulties in Austria’s economy made us think about our experiences as a start-up company: Fehlende Risikokultur behindert Wachstum in Österreich-DerStandard

Start-up polychromelab – hightech winter jackets

Firstly, there was an idea: a fabric that cools on one side and, reversed to the other side, warms to need less clothing at winter sports. Secondly, a prototype was engineered: a winter jacket that is windproof, waterproof and breathable. Thirdly, there was the innovation: a hightech reversible jacket that is capable of nearly everything.

The problem is to make this highend jacket ready for series production without generating too much costs. AWS supporting programms helped us to found polychromelab inc. and to win many awards with our innovative products. Many innovative start-ups don’t have the chance to do the same.

If you’d like to read more about venture and start-ups, here is an interesting article about polychromelab on a really thrilling website.

polychromelab concept store