Business incubators and accelerators in particular play a key role in the growth process of start-ups and SMEs.
Studies show that the survival rate for incubated companies, after three years, is close to 90%, which is more than 20% higher than other companies. This is even more important for creative industries: the barriers to growth known to all entrepreneurs are often amplified in case of creative businesses.
Moreover value chains of certain emerging industries are still scattered: it is therefore important to bring together relevant actors from across the EU to maximise the innovation potential and build much needed connections.
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