At the end of October DeFINE joined forces with CAST project in Rome and delivered training sessions focused on strategies aimed at connecting fashion tech and sustainable tourism entrepreneurs and startups to funding and investment. The event also represented the opportunity for the entrepreneurs to directly network with investors and incubators.
The challenges related to the access to finances for entrepreneurs and startups are widely known. On the other hand, businesses at early stages of their development are not always ready to receive investment; that’s why the support provided by incubators can be a valuable resource.
DeFINE gathers incubators from all over Europe in a network and provides a programme of mentoring and coaching to entrepreneurs and startups that are not ready to access finance yet.
What are the most important elements to take into consideration before pitching to an investor, business angel and fund? How to pitch to those investors? What are the specifics of each type of investment? Finding answer to those questions was the key challenge for the 30 entrepreneurs attending the workshop at La Nuvola on the 23rd of November 2019.
Incubators are the first step for entrepreneurs and startups to get advice and guidance on how to develop their business. From ideation to business development, incubators offer different services to support entrepreneurs.
DeFINE project, together with CEEI Burgos, from Spain and Cyric from Cyprus, are well known incubators in their regions, with extended experience in supporting entrepreneurs in their business creation and development. They offer training support, mentoring and coaching, and can support the business in establishing relevant connections at key stages of their development. Both CEEI Burgos and Cyric are certified EU|BICs by the European Business and Innovation Centre Network (EBN), as well as partners of DeFINE. This certification places the EU|BICs within the recognized network of high-level professionals committed in delivering the highest quality support services for entrepreneurs.
Joining the DeFINE network leads to benefiting from the excellence of incubators such as CEEI Burgos and Cyric, as well other members of EBN and incubators from all over Europe. The DeFINE Annual Networking Event at the EBN Congress was the opportunity to bring together contributions from the different actors involved in the project and expose entrepreneurs and startups from the fashion tech industry to sector-specific and cross-sector knowledge and expertise.
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