We create the platform for bioeconomy-based start-ups and spinoffs, driving their access to finance, becoming the future lighthouse in the European bioeconomy ecosystem.
Project
According to the European Commission, bioeconomy has a great contribution potential in relation to the challenges identified by the Green deals and by 2035, the bioeconomy-based industry can generate about 400,000 new green jobs in Europe, some of which in rural areas.
BioeconomyVentures aims at facilitating and fostering the way to realize such an ambitious target by eliminating some of the identified obstacles. Start-ups and spin-off companies are usually associated with highly innovative ideas and potential. However, that is not mirrored by their performances on the market. About 90% of start-ups and spin-off companies, in fact, fail within three years from their creation, 10% of which within the first year. Behind this high failure rate there are many responsible factors that we can trace back to three main reasons:
They prove to be unable to raise the necessary funds;
- The founding members are not expert and lack of the proper management capacity;
The mentoring and supporting initiatives in the sector are fragmented and not interconnected.
Objective
The BioeconomyVentures project aims to build the reference platform for bioeconomy-based start-ups and spin-offs seeking to gain access to finance, becoming the main meeting point in the European bioeconomy.
