BIND 4.0, finalist of the European Enterprise Promotion Awards
- The objective of the awards is to recognise national, regional and local policies to promote entrepreneurship
- BIND 4.0 is a finalist in the Improving the Business Environment category and the winners will be announced during the Annual SME Assembly in Berlin in November
- The smart industry accelerator strives to develop the best technological projects among start-ups from around the world with 57 leading companies in the sector
The smart industry open innovation platform, BIND 4.0, has been selected as a finalist of the XIV European Enterprise Promotion Awards, organised by the European Commission’s Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs in order to recognise national, regional and local policies to foster entrepreneurship.
BIND 4.0 has been shortlisted in the Improving the Business Environment category, along with the Granollers enters Symbiosis initiative, entered by Granollers Mercat of Granollers Local Council in the Supporting the Development of Green Markets and Resource Efficiency category. Both have been selected from among 13 entries, involving local, regional and national administrations, along with private-public associations and business organisations that foster the entrepreneurial spirit and drive the economy. These two finalists will compete in the event against other competitors from all over Europe and the winners will be announced during the Annual SME Assembly in Berlin in November 2020.
BIND 4.0 has just closed the call for start-ups to register for its next edition, where they will have the opportunity to develop their projects with 57 leading companies in advanced manufacturing, energy, health and food, including Mercedes Benz, Coca-Cola European Partners, Quirónsalud, Siemens Gamesa, EDP and Enagás. The initiative, set up to drive the digital transformation of industry thanks to large companies and emerging talent working together, has the backing of the Basque Government’s business development agency, SPRI.
BIND 4.0 was set up with a two-fold objective. On the one hand, for large companies to be able to accelerate innovation and to drive and enhance their competitiveness by working with start-ups as a source of flexible and efficient innovation. And, on the other hand, for start-ups to speed up their entry on the market through large international trail-blazers and with direct access to the Basque industrial ecosystem. It also provides the start-ups with a mentoring service run by world-class professionals, along with a comprehensive training programme to develop the necessary skills and abilities to triumph in the industrial field. In the same vein, just by participating they will have access to different funding sources and grants, along with free access to a workspace at the Basque BICs (Business Innovation Centre).
Total turnover of €4.5 million
Through its acceleration programme, the smart industry open innovation platform, BIND 4.0, has accelerated a total of 108 start-ups and has developed 178 innovative projects in the sectors of advanced manufacturing, smart energy and health and food technology, in its four calls. And, it has received over 1,700 entries since it started in 2016. These figures place the Basque Country as one of the world’s great innovation and entrepreneurship centres. The fact is that nearly 70% of the emerging companies continue working with the trailblazing companies after the programme ends and 6 out of every 10 start-ups renew their contract with them. From the start of this initiative, the turnover achieved by all the projects developed in BIND 4.0 is €4.5 million.
About BIND 4.0
BIND 4.0 is a public-private open innovation platform for smart industry, set up by the Basque Government’s Ministry for Economic Development and Infrastructures through the SPRI Group and its UpEuskadi platform of the entrepreneurial ecosystem in the Basque Country. It currently works with 57 of the leading international trail-blazers based in the Basque Country and with the participation of international technological partners, including Siemens, Microsoft and Amazon Web Services. This initiative was set up with the twofold objective of driving the digital transformation of industry and, in turn, of accelerating the consolidation of innovative initiatives through a partnership model between large companies and start-ups. Since 2016, BIND 4.0 has accelerated a total of 178 projects, developed by over 100 start-ups in its four editions.