Startup Madeira, as part of the EU|BIC community, and EBN endeavour to build a well connected ecosystem to support economic development.

Demand-driven responsible research and innovation, and inclusive incubation approach as a way to empower all entrepreneurs, is part of the EU|BIC community and EBN strategy.

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. Thanks to these collective efforts, and following EBN’s four mission commitments, we can be proud to have achieved in 2021:

1. Regional, Sustainable Economic Development: Through comprehensive set of services, EU|BICs ensure innovative entrepreneurs to thrive with excellent survival rates after 3 years – 85% - and 5 years – 74%. 2021 was also very successful in terms of job creation, with 13,400+ jobs created in companies supported by EU|BICs.
2. Quality Business Support: In 2021, we helped more than 36,600 companies and entrepreneurs to get a head start getting their innovation on the market.
3. Access to Finance: For the second consecutive year, over 1 billion euros of funds were raised by supported companies.
4. Scaling European Innovation: Our pan-European nature is one of our greatest assets to bolster the expansion potential of European startups, scaleups and innovative SMEs. Over 1,000 companies were supported either with access to international markets (623), or to local markets (396). 

The full version of the Impact report can be downloaded here.