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EU|BIC Specific Mission Commitments- and our 2022 results

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EU|BIC’s have four different and specific mission commitments which are the followings:

1. Regional Sustainable Economic Development

From its origins until today, we endeavor to build well-connected innovation ecosystems that support the economic development of European regions by

(i) fostering entrepreneurial innovations, including the acceleration of new enterprises and fostering innovation in existing enterprises; (ii) promoting entrepreneurial culture; (iii) modernising, digitalising and diversifying industries; (iv) stimulating job creation; and (v) partnering strategically with universities, research and science parks, corporates, investors and public authorities to form a vast, diverse, collaborative and connected European business innovation ecosystem.

EBN and EU|BICs share the mission and responsibility to build a community of connected business innovation leaders committed to addressing our world’s most pressing issues with innovative solutions.

Research data of 2022*

Centering sustainability, inclusion and social transformation around innovation is a display of responsibility, agility, forward-thinking, and resilience, as demonstrated by the EU|BIC community.

2. Quality Business Support

We conduct our operations in a manner that delivers the most excellent innovation support services possible. Our quality-certified, smart selection, ideation, acceleration, and incubation programmes are designed to support startups, scale-ups, SMEs and innovators of all kinds to keep succeeding in achieving their mission. In support of our commitment, we use our position as experts to share best practices with other businesses in our communities and facilitate social capital by getting people to meet and collaborate in mutual innovation projects–leaving no one behind.

Research data of 2022*

EU|BICs shape a well-performing innovation community. In 2021, we helped more than 36,600 companies and entrepreneurs to get a head start getting their innovation on the market. Startups and scale-ups supported by EU|BICs outperform other European startups in the first 3-year’s survival rates with 85% vs 58% EU average (source: Eurostat).

3. Access to Finance

Since inception until today, we endeavor to provide a steady pipeline of innovative, investment-ready companies and foster supportive investment opportunities, including, but not limited to, access to private investments, EU and non-EU grants, loans and equity funds, ensuring the continuity of the businesses and innovations that a competitive European economy needs. With a network of networks also including hundreds of investors, we rely on various tools and programmes to embed innovation to finance, and finance to innovation and share best practices on investment processes.

EU|BICs raised in total over € 1 billion of funding for their client companies in 2021. The majority of capital is sourced via private investors (69%).

Research data of 2022*

4. Scaling European Innovation

Our pan-European nature is one of our greatest assets to bolster the internationalisation potential of European startups, scaleups and innovative SMEs to support those who already operate on an international scale and to reinforce Europe as a global leader in entrepreneurial research and innovation. We apply our understanding of the different needs of our client entrepreneurs throughout the various stages of growth and leverage the support network so they can benefit from the same quality of support in any region they target for expansion.

EU|BICs are part of a larger story of economic, social and innovation systems change happening in communities, corporates and institutions around Europe and beyond. Throughout our community,
strategic partnerships, and network-building work, we are creating a network of networks enabling the scaling of entrepreneurial innovation serving our regional societies. In 2021, EU|BICs supported over 1,000 companies with access to international markets and with access to local markets

Research data of 2022*

*2022 Impact Analysis – Methodology

All results present in this report about the EU|BIC community
were gathered and analysed by EBN, following specific
methods to properly assess this data. Read more about how we analyzed this data bellow:

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