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Shaping the future of incubation - EBN report

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The entrepreneurial solutions developed today are leveraging innovations to help stabilize the effects of the pandemic. EU|BICs have a long history in supporting founders and innovation-based startups. From their origins till today, EU|BICs have delivered on their original mandate: to drive regional economic development. EU|BICs remain catalysts for entrepreneurship and innovation, providing tailored support services to entrepreneurs according to their needs, challenges and stages of development. 

 

In 2019, EU|BICs actively supported close to 21,000 companies and helped enterprises create close to 20,000 jobs. However, like any other business, the global pandemic is forcing business support organisations and the support services they provide to be open to change. While the role of support organisations remains relevant during the present coronavirus pandemic, one key question is: how will the Covid-19 crisis shape the future of incubation and business counselling?

 

While it is hard to predict the future, we can try to understand what lies ahead by analysing current trends. EBN, in collaboration with the CAST network, has recently promoted a survey among business support organisations collecting data on the challenges faced as a consequence of the Covid-19 outbreak.  By analysing the data, we were able to identify key solutions to guarantee business continuity.

 

The results of the survey help us understand the impact of Covid-19 on the innovation incubation sector, with a focus on the operational and financial challenges faced by the surveyed centres. The publication below provides a general framework on shaping future strategies of business support centres. Lastly, it provides a starting point for much needed further debate and convergence of approaches among practitioners within the network. 

 

To access the report, please click Download below or go to this website.