Well in Austria we have a "booming" Startup scene, but let's be honest startup is just a new term we use here to re-market new companies. This is like the 4th wording I've seen so far. it's like "emerging markets" instead of "3rd world countries" but I guess we're well aware of re-branding ....
Anyhow I see a culture change, usually companies were founded to be kept. So the founder would not sell the company but try to run it till he's like 50 or older and than move on to the board. This has changed and with the some bigger exits like runtastic and mysugar a whole new attitude seams to emerge that is more common in israel or america, other places. Sell outs so to speak short term intense investment with the target of big money.
That's for the money wise culture and the partial change of attitude.
Speaking of innovations. Since the "digital"-age finally reach the old "giant" companies/banks there are a lot of startups evolving around banking but we also have nano technologies, electronics so actually we're quite versatile here.
Also the production culture / cycles have changed we tend to be more international now but still the mindset often evolves around Austria and not about the world. I personally don't like this, I prefer 0,01 % of the world over Austria any time ....
Oh an the shared office spaces with "synergies" are booming everywhere as well which have been re-branded as "incubators". So well let's just say the marketing for startups is booming here. :)
j
stuff ;)