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European Innovation Council
private sector

BGI 

Building Global Innovators – BGI (www.bgi.pt) is a world-class, deep innovation startup accelerator spunout of the MIT Portugal Innovation and Entrepreneurship Initiative (IEI).

BGI

Overview

 

 

BGI has a vast experience in identifying and recruiting startups, corporate/SME, investors and political stakeholders, with whom it has successfully delivered impactful innovation and entrepreneurship programs. BGI’s competence in access to market and access to finance for deep tech startups and scaleups (mostly European) has been recognized internationally, in the EU amd americas (US and South America). 

Due to its track record, BGI has acquired valuable partnerships with credible organisations, including EIT Digital, Climate KIC, EIT Food, EIT Health and EIT Urban Mobility, to develop acceleration, education, open innovation and innovation consulting projects that are sustainable, innovative, disruptive and have the potential to address the challenges of the current century. 

BGI has been awarded several times as a top ranked accelerator: Best 50 startup cities Worldwide (2019); Top-performing university-linked business incubation program (2017-18); Top 100 accelerator in the World (2015); Top 20 accelerator in Europe (2014). 

 

 

Check BGI selected references 

 

Service E: Acceleration Venture Program

Short Description and Main Activities

The service Accelerator, offers opportunities, through financing and connection with global investors and clients, for startups from several sectors. BGI has acquired valuable partnerships with several credible organizations globally, to develop acceleration and non-acceleration projects that are sustainable, innovative, disruptive and have the potential to address the today and future global challenges. For the low TRLs level the teams of entrepreneurs with strong value propositions and an existing prototype or proof of concept (PoC), will finalise a minimum viable product during an intensive pre-acceleration phase.  

 

Positive Impacts

Improve startup business proposal; increase commercial reach; promote meetings with corporate executives; access to funding.  

References/Past Services: BGI Accelerator (This accelerator, with already 12 editions, has accelerated 162 startups that have raised a total capital of 302 million euros). BGI has several active national and European programs: EIT Digital; EIT Climate KIC; EIT Food; EIT Health; FCT CLOAB (sustainable agri-food and precision farming); Erasmus+; TRACE-RICE PRIMA, among others. BGI was recognized by several international awards: “Top-Performing University-Linked Business Incubation Program“ 2017-18; “Top 100 Accelerator In The World” 2015; “Top 20 Accelerator In Europe” 2014 and “Best 50 Startup Cities Worldwide” 2019.  

 

  • Time and Duration: 2 months. 
  • Indicative Budget: negotiable.  
  •  Mode of implementation for the service: (online / offline / hybrid).
  •  EIC Target groups: Pathfinder; Transition; Accelerator. 
  •  Number of EIC beneficiaries per service: around 10. 

 Apply now to the Acceleration, Incubation & Venture Building Service

 

Service D: Open Innovation – Match Making Opportunities 

Short Description and Main Activities
The Open Innovation program is designed for participating companies (medium and large size corporations) to conduct a reverse pitch consisting on one or two challenges/opportunities, framed in certain themes which they are focused on, to a group of external participants consisting of startups/scaleups and academics. The goal of the program is to foster the collaboration between established and emerging businesses, in order to foster the development of pilots and partnerships.  

Positive Impacts:
increase commercial reach; promote 1:1 meetings with corporate executives; align corporate challenges with startups solutions. 

References and Past Services

EIT Digital Open Innovation Program: EIT Food Open Innovation; EIT Urban Mobility. 

  • Time and Duration: 2 months.  
  • Indicative Budget: negotiable.  
  • Mode of implementation for the service: online/offline/hybrid 
  • EIC Target groups: Transition; Accelerator.  
  • Number of EIC beneficiaries per service: around 20. 

 

 Apply now to the Open Innovation Services 

Service A: Business Development and Internationalization

Short Description and Main Activities:
This service will intermediate and shorten scaleups access to markets, tap into local networks of partners and clients, access infrastructure and get a first-hand feel for the local and business contexts of new markets. During this process, startups are guided by a mentors’ network of top-notch accelerators, who open the right doors to establish and grow cross-border business and find dilutive investment. Scaleups connect to one or more accelerators of their choice to receive support. This service will offer a path to the market, by exposing the participants to challenge potential clients and other ecosystem stakeholders.  

Positive Impacts:
he beneficiaries will build a coherent strategy for internationalisation, setting up a portfolio of internationalisation support actions (ex. Internationalisation Potential Evaluation; information on open market entry strategies, success stories and mentoring) and develop matchmaking activities between participants and international market players.  

  • References/Past Services: EIT Digital Open Innovation Program: EIT Food Open Innovation; EIT Urban Mobility. 
  • Time and Duration: 2 months. 
  • Indicative Budget: negotiable. 
  • Mode of implementation for the service: online/offline/hybrid 
  • EIC Target groups: Transition; Accelerator. 
  • Number of EIC beneficiaries per service: around 10.  

 

 Apply now to the Business Planning Services 

 

Service C: Access to Capital (Investors and Finance Services)    

Short Description and Main Activities: This service will explore opportunities for sustained funding and investment for the participants. All these sources will be used to help beneficiaries to develop their growth strategies in their business and financial plans. One of the activities includes group training sessions about specialised topics related to funding and investment: attracting investors; understanding term-sheets; funding strategy preparation of an investor pitch slide deck and pitch training. It also includes investment and investment-readiness individual coaching sessions, addressing specific issues (ex. choosing suitable funding or investment instruments). 

Positive Impacts: reduce the risk of high-tech investments for startups and investors; access to EU Co-Investment Funds; access to international investors.  

  • References/Past Services: BGI Accelerator.  
  • Time and Duration: 2 months.  
  • Indicative Budget: negotiable.  
  • Mode of implementation for the service: online/offline/hybrid.  
  • EIC Target groups: Transition; Accelerator.  
  • Number of EIC beneficiaries per service: around 10. 

 

Apply now to Support Fundraising Services 

Service F: Training Programs

Short Description and Main Activities:
Tailor-made or transversal training program that offers insights into challenges related to the target sector/area ecosystem; sector-specific innovation and regulatory hurdles. Example of themes: Business model adaptation and Value proposition; Market feedback through qualitative enquiries on needs and key functionalities required; IPR strategy; funding strategy; growth culture and recruitment; sales; international markets. The main goal is to present, debate and reflect on the practices and techniques used in the field and explore new business models, based on real cases. Most of the training cases used in the sessions are BGI proprietary (study cases), based on real case situations, something which gives us an edge and unique competence in the market. 

 

Positive Impacts:
Opportunity to exchange best practices that will contribute to further improvements and inspire the future development of operational programs based on action-based outcomes.  

 

  • References/Past Services: EIT Digital Summer School; EIT Food Government Executive Academy (GEA). 
  • Time and Duration: 6 to 8 weeks.  
  • Indicative Budget: negotiable.  
  • Mode of implementation for the service: online/offline/hybrid. 
  • EIC Target groups: Pathfinder; Transition; Accelerator.  
  • Number of EIC beneficiaries per service: around 10. 

 

Apply now to Coaching & Mentoring Services 

Contact

Name
BGI
Website
https://www.bgi.pt 
Postal address
Portugal