In the future, companies will no longer have to choose the right one from the large number of subsidies, but will be informed about the associated options. The business service portal (USP) of the Ministry of Finance offers the right financing thanks to artificial intelligence (AI) with the new application “Grants4Companies”. This will prevent gaps in support and multiple financing, the Ministry of Finance promises.
“It used to be a lot of work to navigate your way through the financing jungle to get the right support for your business. Thanks to the new system, companies are contacted through the business service portal. Of course, this only happens if the company so wishes. This also makes it easier to identify gaps in funding or multiple funding. Artificial intelligence therefore brings efficiency increases, improved work processes and in-depth data analyses,” said State Secretary for Digitization Florian Tursky (ÖVP).
The application automatically uses the data available from the registered company through the registry and system network (RSV). Formal funding criteria, such as head office location or legal form, are automatically taken into account. The use of such company data requires the consent of the respective company. The application is purely informative and does not make any decisions itself. The calculated results also do not lead to legal claims. And the processing of the financing is still the responsibility of the responsible financiers.
Source: Krone
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