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Subsidies for digitalization are available…

Subsidies for digitalization - saving money, investing, growing

…and this naturally also includes EDI! Before you make your first or next expense in the area of EDI, you might want to look into existing national subsidy programs for SMEs.

“Everything that can be digitized must be digitized.” This is the only way for businesses to stay competitive in the long run and to emerge stronger from the crisis. While this insight brings a lot of opportunities for SMEs, it also goes hand in hand with huge challenges. This is especially true for the financial side. After all, the digital transition does cost money. Instead of throwing in the towel in view of these challenges, businesses would be well advised to look into the comprehensive subsidy programs available for digitalization activities.

This might allow businesses to implement necessary adaptations sooner than expected, such as switching from Web-EDI to an integrated solution or making more processes electronic. Depending on the scope of the EDI project, it is “important to see it in the context of additional digitalization options, e.g. digital archiving or additional modules in the ERP system. In that case, the overall costs will usually exceed the maximum subsidy,” said Klaus Schaffer, EDI expert at EDITEL. In addition to subsidies available nationwide, regional subsidies exist. However, available funds might already have been paid out or the program might have expired. But it still pays off to look into these regional subsidies because new funds might be added.

Subsidies available nationwide:

”KMU DIGITAL”– this is the digitalization subsidy program for small and medium-sized enterprises (SME) in Austria.

”AWS INVESTITIONSPRÄMIE” – 14% bonus for new investments in future-oriented topics: ecology – digitalization – health
To support Austrian businesses affected by the COVID-19 crisis, the Austrian government has introduced an investment bonus as a new support tool.
Applications that have been submitted to aws since 02.02.2021 and have not yet received a confirmation can only be accepted after a further change in the law to increase the budget. No application is currently possible.

Subsidy for the digitalization of business processes and the creating of digital business models through the aws (Austria Wirtschaftsgesellschaft)
Submission period: ongoing (special conditions apply)

Symbolic image copyright pixabay, nattanan23

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