Aligned with the European Bioeconomy Strategy (2018) and the vision and strategy of the Bio-based Industries Consortium (BIC), our solution is based on a threefold approach:
- Building and leveraging the first of its kind bioeconomy entrepreneurship ecosystem (via the BioeconomyVentures Ambassadors Programme);
- Creating and validating an assessment methodology for qualifying and quantifying the needs of the start-ups and spin-offs (via the BioeconomyVentures Evaluation Matrix);
- Designing, developing and executing an interactive one-stop-shop- platform, bringing together relevant stakeholder groups (start-ups, spinoffs, investors and corporates).
Project Main Objectives:
- To identify, deliver, and grow an interconnected European NETWORK
- To scope for & recruit over 200 ENTREPRENEURS, START-UPS AND SPIN-OFFS to quantify their need for specific financial & business needs
- To incentivize the investment community to engage with bio-based industry and secure one-on-one meetings with experts
- Design, develop & execute interactive PLATFORM
- To ensure long-term SUSTAINABILITY of the network with a replicable and scalable business model for the ADVENTURE ecosystem
Project Vision:
- Increase the success rate of excellent start-ups and spin-offs
- Improve the alignment of available financing/funding instruments with the demand of start-ups and spin-offs
- Accelerate the market entrance of new technologies, processes, products and applications for expanding the bio-based industry across Europe.
Project coordinator
IRISH BIOECONOMY FOUNDATION
Project partner
ASOCIACION CLUSTER FOOD+I
FLANDERS’ FOOD
BIO BASE EUROPE PILOT PLANT VZW
ENCO SRL
FOODSCALE HUB ENTREPRENEURSHIP AND INNOVATION ASSOCIATION
F6S NETWORK IRELAND LIMITED
FUNDACION AITIIP
Project status
Start 5/2021, End 10/2023 (30 months)
Call: H2020-BBI-JTI-2020
Topic: BBI-2020-SO4-S1 – Help start-ups and spin-offs to gain access to finance
Type of Action: Research and Innovation action
GA number: 101023260
Total costs: € 1,499, 312.50
EU Contribution: € 1,499, 312.50
Funded by Bio Based Industries Joint Undertaking