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: