Founded in 1996 as a timebank for the whole of the westernmost austrian province/state of Vorarlberg, the Talente System (www.talentiert.at) is now one of the most successful and innovative grass-root currency systems in operation.
(Update 2014: The efforts are now carried forward by the social enterprise Allmenda: http://allmenda.com)
Always rooted in practice rather then theory, all developments had been orientated on the needs of the predominantly rural population. It took its original inspiration from the LETS systems of the 1980s and 90s but extended their concepts with the aim of serving a whole state and not just one local community and strongly incorporating businesses and other stakeholders.
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