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RAISING DISRUPTIVE BIOECONOMY VENTURES, STARTUPS AND SPIN-OFFS TO THE TOP

Project description

Boosting European bioeconomy start-ups

The European Bioeconomy Strategy aims to accelerate the deployment of a sustainable European bioeconomy, which includes food security, the sustainability of natural resources, and reduced dependence on non-renewables. The EU-funded BioeconomyVentures project will develop a reference platform for bioeconomy-based start-ups and spin-offs seeking to gain access to finance. The platform will serve as a main meeting point for the bioeconomy entrepreneurship field. It is part of the project’s overall goal of building a first of its kind bioeconomy entrepreneurship ecosystem, boosted by the BioeconomyVentures Ambassadors Programme. It will also create an assessment methodology to qualify and quantify the needs of the start-ups and spin-offs though the BioeconomyVentures evaluation matrix.

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. Our solution, aligned with the European Bioeconomy Strategy (2018) and the vision and strategy of the Bio-based Industries Consortium (BIC), is based on a threefold approach:

1) Building and leveraging the first of its kind bioeconomy entrepreneurship ecosystem, boosted by the BioeconomyVentures Ambassadors Programme (AAP).
2) Creating and validating an assessment methodology for qualify and quantify the needs of the start-ups and spin-offs though the BioeconomyVentures Evaluation Matrix
3) Designing, developing and executing an interactive one-stop-shop- platform that will serve as a main meeting point for the bioeconomy entrepreneurship field, bringing together relevant groups of stakeholders (start-ups, spin-offs, investors and corporates) and integrating, on one single access point, high-quality services aiming to unlock the innovation potential and uncover opportunities to build relationships and partnerships across the BioeconomyVentures network.

The consortium forms a strong pool of experts along with the fields of bioeconomy and business with a track record managing entrepreneurship programs. Its partners have been intentionally selected by their expertise and geographical reach, bringing together 6 different countries (IE, ES, BE, AT, IT, RS) to consolidate the maximum outreach of the initiative. It consists of 9 partners with complementary competences: 5 clusters or networks of start-ups, spin-offs, corporates and investors (IBF, FF, FOOD+I, FSH, and FSH), 2 innovative SMEs (ENCO, ALC) with an important background in providing services and training to entrepreneurs, the main Pilot Plant Facility in Europe (BBEPP) and one Research and Innovation Centre specialized in venture development within the bioeconomy field (AITIIP).

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Coordinator

IRISH BIOECONOMY FOUNDATION
Net EU contribution
€ 182 625,00
Address
National bioeconomy campus killoran
E41 R622 Thurles
Ireland

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Ireland Southern Mid-West
Activity type
Other
Links
Other funding
€ 0,00

Participants (11)