The European Business Angels Network (EBAN) and EIT Digital announce a collaboration to foster entrepreneurship. This agreement will combine EBAN’s pan-European network of early-stage investors with EIT Digital’s vast deep tech ecosystem.
Launching a deep tech startup is a capital-intensive endeavor that often requires the backing of angel investors. But how can a startup find the right angel investor? And while early stage investing inherently comes with a high level of uncertainty, business angels are always looking to minimize risk. In this context, we’re announcing a new collaboration between EBAN and EIT Digital where both parties will reap many mutual benefits. With an ecosystem full of startups and a host of programmes to support them, EIT Digital can now represent a new source of deal flow for members of EBAN. Conversely, members of EBAN collectively have a huge portfolio of startups that can benefit from EIT Digital’s programmes to ensure these companies survive, thrive, scale up and grow.
European business angels invest an estimated 11.4 billion Euros a year and play a vital role in the creation of wealth and jobs. EBAN is the pan-European representative for the early-stage investor community, promoting successful and responsible angel investing, and serving as the voice of angel investing in Europe.
EIT Digital conducts a host of activities to enhance European entrepreneurship. Our educational programmes have trained thousands of students - the next generation of digital entrepreneurs. Our Venture Program and Open Innovation Factory have allowed hundreds of entrepreneurs to start companies, find partners, develop new products and enter new markets. Our Speed Master executive training course fills in the knowledge gaps for first time founders and veterans alike. And our Growth Services team has helped hundreds of successful startups make the jump to scaleups when it’s time to raise a Series A.
Now, through this partnership, EBAN and EIT Digital are teaming up to invigorate European entrepreneurship like never before. We will identify the top talent, the top innovators and provide them with the combined resources they’ll need to turn their top tech into companies that are the engine of the European economy.
As EIT Digital’s Chief Innovation Officer Diva Tommei notes, "The partnership between EBAN and EIT Digital is a testament to the commitment of both organisations to nurture and grow the tech ecosystem in Europe, accelerating early-stage investments in startups and sharing best practices. Our combined strengths will allow us to have a significant impact on the European deep tech and digital entrepreneurial landscape and go as far as bolstering Europe’s competitiveness on a global scale."
