European Angels Fund S.C.A. SICAR - aws Business Angel Fonds (Austria) (“EAF Austria”) is an EUR 32.5 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 was established in December 2013 with a fund size of EUR 22.5m as one of the first compartments under the regulated European Angels Fund umbrella structure focusing on investment activity in Austria. The fund size was increased to EUR 32.5m in December 2016.
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.