European Angels Fund S.C.A. SICAR - aws Business Angel Fonds (Austria) (“EAF Austria”) is an EUR 22.5 million initiative funded by EIF and Austria Wirtschaftsservice GmbH (aws) - the Austrian government promotional bank financing companies based in the country - on behalf of both the Austrian Federal Ministry of Economy, Family and Youth and the Federal Ministry of Finance. EAF Austria has been established in December 2013 as one of the first compartments under the regulated European Angels Fund umbrella structure focussing on investment activity in Austria.
EAF Austria aims at providing equity to Business Angels and other non-institutional investors to finance innovative companies in the form of co-investments. The initiative has initially been launched in March 2013 and it is advised by EIF in cooperation with aws as a sub-advisor.