Why this programme?

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1. Fast-growing companies serve as a beacon of employment during the coronavirus storm

   Fast-growing businesses are known as the engine of job creation. The 2020 Belgian High Growth Monitor shows that 920 fast-growing companies were responsible for 52,779 new jobs. Although these figures reveal that Belgium is doing less well than the European average, this group of healthy Belgian ‘gazelles’ does show stability. Over the years they have created around 50,000 jobs during each growth period. A hopeful sign, especially now that many companies are having trouble keeping their heads above water.

2. Only 38% of entrepreneurs starting high potential ventures also have high growth ambitions

   The 2020 Rising Star Monitor reveals that about one in two high-growth ventures are entirely internally funded. Over 90 percent of young, high-potential ventures which had not used external funding did not even apply for it. About three in four ventures do not do so because they believe they do not need it. Beyond that, entrepreneurs don’t apply for bank financing because they don’t think they have enough financial history, they see the application process for subsidies as too cumbersome, fear losing control with venture capitalists and angels, and they consider crowdfunding as too time consuming.