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start-ups news

Get an overview of our start-ups news:

publication

to the point: technology & digitalisation l February 2024

Welcome to the February edition of Schoenherr's to the point: technology & digitalisation newsletter!

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roadmap

The VCC: a new company form launched in Bulgaria

The eagerly awaited Variable Capital Company (VCC) was introduced on 1 August 2023 with amendments to the Bulgarian Commercial Act. It blends the limited liability company (LLC) and joint stock company (JSC), and somewhat resembles the UK's open-ended investment company (OEIC). Like the OEIC, the VCC can issue shares at any time and its capital may vary. But as it is not a regulated investment fund, the VCC is not regulated or supervised by the financial supervision authorities.

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event

Expert Session | Austria's new corporate form "FlexCo"

31 January | online

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publication

to the point: technology & digitalisation l January 2024

Welcome to this year's first edition of Schoenherr's to the point: technology & digitalisation newsletter!

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publication

to the point: technology & digitalisation l December 2023

Welcome to the December edition of Schoenherr's to the point: technology & digitalisation newsletter!

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publication

to the point: technology & digitalisation l November 2023

Welcome to the November edition of Schoenherr's to the point: technology & digitalisation newsletter!

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publication

to the point: technology & digitalisation l October 2023

Welcome to the October edition of Schoenherr's to the point: technology & digitalisation newsletter!

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publication

to the point: technology & digitalisation l September 2023

Welcome to the September edition of Schoenherr's to the point: technology & digitalisation newsletter!

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event

14 September 2023 - 15 September 2023

D.Hofmarcher B.Kapeller-Hirsch I.Sirakova A.Natterer

Start-up Academy | Erste Bank

14.-15. September | Erste Campus Wien

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publication

to the point: technology & digitalisation l June 2023

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event

Austrian Startups' Legal Office Hours

28 June 2023 | 10:00 - 13:00 CEST | Austria

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press release

Austria: Schoenherr advises shared-mobility start-up UBIQ on seven-figure Series A financing round

Schoenherr advised Austrian shared-mobility start-up UBIQ, a provider of AI-powered solutions for managing fleets in the shared (e-)mobility industry, on its seven-figure Series A financing round.

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event

16 March 2023 - 18 March 2023

austria

N.Kerschbaumer A.Lengger

Skinnovation: Start-up Conference

Skinnovation is a start-up conference on skis.

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media coverage

The Ecosystem: Bulgaria joins the competition to attract start-ups from outside the EU

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newsletter

Bulgaria paves way for innovative businesses with new start-up visa

Country welcomes non-EU investors to boost local start-up ecosystem

After Decree No 318 of 7 October 2022 adopting the Ordinance on the conditions and procedure for issuing, extending and revoking a certificate for a high-tech and/or innovative project (the "Ordinance") was promulgated in issue 82 of the State Gazette of 14 October 2022, Bulgaria joins the almost half of EU countries that issue "start-up visas".

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roadmap

New game in town: dual class voting shares

Although dual class voting structures have been around since the early 20th century, opinions remain divided on their merits.

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press release

Austria: Schoenherr advises Bitpanda on Austria's largest scale-up financing round

Schoenherr provided legal advice to Bitpanda on the largest scale-up financing round in Austria to date.

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press release

24 February 2021

romania

M.Florea M.Piuk

Romania: Schoenherr advises Elevator Ventures on seed round investment in fintech start-up Finqware

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event

Webinar: Model Convertible Loan Agreement

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newsletter

08 October 2020

austria

U.Rath T.Kulnigg

Austria: FMA publishes guidance on ICOs and token classification

The Austrian Financial Market Authority (Finanzmarktaufsicht, FMA) has recently published guidelines on how it views Initial Coin Offerings (ICOs) from a financial services regulatory perspective.

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publication

to the point: technology & digitalisation l March 2020

Welcome to our March edition of Schoenherr's to the point: technology & digitalisation newsletter!

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roadmap

A new reality for ridesharing apps in Poland

The battle between traditional taxi drivers as well as their supporters and those advocating a more digitalised approach focused on ridesharing applications such as Uber, Lyft or Bolt began a few years ago and is being waged in almost every country. In Poland, Uber started back in 2014 as the first mobile taxi application on the Polish market. Taxi drivers began protesting the app almost immediately after it became clear that consumers preferred Uber's efficiency and prices to those of traditional taxis. Criticism from traditional taxi drivers about the safety of Uber and the qualifications of its drivers led to the need for legal changes. A first draft amendment of the Polish Act on Road Transport was submitted to the Council of Ministers in July 2017 (the "Amendment").

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roadmap

Romania: How to start-up an army of cyber guardians

This year, Romania's first tech unicorn reached a USD 7bln valuation. This has stirred things up, expanding the horizons for many Romanian entrepreneurs. While still far from being a major start-up ecosystem, the country is showing its potential, mostly due to high-quality tech talent available at still manageable costs.

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newsletter

12 September 2019

poland

W.Kapica A.Stawiarska

An innovative solution for start-ups - Poland

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publication

13 May 2019

slovenia

The International Comparative Legal Guide to: Fintech 2019

The International Comparative Legal Guides provide current and practical comparative legal information on a range of practice areas, following a Q&A format to ensure thorough coverage of each topic within different legal systems worldwide.

Chapter Slovenia

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roadmap

Start-up acquisitions & exits - where expectations meet reality

Start-ups generally

A typical start-up is usually founded by three or four individuals as a limited liability company or a joint stock company focused on IT or online businesses. As the start-up grows, a number of investors (ten or more) come on board (venture capital funds and angel investors) by acquiring convertible loan instruments, newly issued or existing shares. The start-up company is focused on building up and investing in its team of specialists, which is often its main asset. This explains why employee share option plans are so common. Gradually, the client network expands and the brand is established. And then, a strategic company comes along with a lucrative offer to acquire the start-up.

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roadmap

What industries do investors in start-ups currently prefer?

From pre-seed to exit, start-ups are chronically in need of money to ensure their steady growth. Due to lack of access to bank financing start-ups are typically financed by their shareholders via equity finance or debt. But there are also hybrid instruments that can be used to bridge the gaps between financing g rounds or to overcome valuation issues. We interviewed Ivaylo Gospodinov, one of the managing partners of the investment fund BlackPeak Capital.

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newsletter

29 October 2018

austria

U.Rath T.Kulnigg

Österreich: Ab 2019 vereinfachter Kapitalmarktzugang für KMU, Wachstumsunternehmen und Startups durch Öffnung des Dritten Markts

Am 25.10.2018 hat der Nationalrat die seit langem erwartete Änderung des Aktiengesetzes beschlossen, die den Zugang von österreichischen Gesellschaften, insbesondere von KMU, Wachstumsunternehmen und Startups, zum Kapitalmarkt erleichtern soll.

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newsletter

Österreich: Exit-Szenarien ausarbeiten und Finanzen managen: Was Start Ups vorab tun können um Krisenstimmung zu vermeiden

Schönherr lud vergangene Woche gemeinsam mit dem Branchennetzwerk primeCROWD ein, die Schattenseiten des Start Up-Unternehmertums zu diskutieren. Das Fazit: Wie in jeder Beziehung, ist ein offener und ehrlicher Dialog wichtig, um Krisen zu vermeiden oder zumindest gestärkt aus Krisen hervorzugehen. Zahlreiche Start Ups und Investoren waren in die Wiener Kanzlei gekommen um sich Expertenmeinungen und Tipps zu Gesellschafterstreitfälle, Verstimmungen zwischen Start Ups und Investoren sowie zum Thema Insolvenz zu holen.

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newsletter

30 September 2017

austria

T.Kulnigg

Are ICOs the future of fund raising?

With credit institutions still reluctant to provide financing to start-ups, many companies are looking for new ways to raise funds. Others are exploring ways to integrate new technology such as Distributed Ledger Technology (DLT), Blockchain and SmartContracts into their existing business models. Either way, initial coin offerings (ICO) or initial token offerings (ITO) are currently trending.

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newsletter

06 July 2017

austria

T.Waidmann

Austria: Avoid Expensive Mistakes As Startup Employer

As violations may lead to enormous liabilities, start-up employers are advised from the outset to comply with the applicable laws pertaining to their personnel. 

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newsletter

05 June 2017

austria

T.Kulnigg

Austria: Participation rights as alternative investment and equity financing instruments

The typical way to invest in an Austrian company (eg, a limited liability company (LLC) or joint stock company) is by way of a capital increase. Alternatively, the investor can acquire existing shares from shareholders and provide capital contributions to the company.(1)

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newsletter

24 April 2017

austria

T.Kulnigg

"Start-Ups, die vorausdenken, sind attraktiver für Investoren"

Das Start-Up Ökosystem in Österreich wächst: A1 hat vor kurzem gemeinsam mit anderen Investoren 1,2 Millionen Euro in das Start-Up Parkbob investiert. Was macht das Investment in Start-Ups so attraktiv?

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newsletter

Boost your Start-Up with an Advisory Board - Points to consider

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