14 EIC Partners Listed Among Financial Times' Top 125 European Startup Hubs — What It Means for EIC Beneficiaries

Brussels, April 12th 2024
Summary
  • The Financial Times 2024 ranking of Europe’s Leading Startup Hubs lists 125 organisations and 14 of them are EIC Partners offering services to EIC beneficiaries through the EIC Service Catalogue.
  • The 14 named partners include accelerators, EIT KICs and regional innovation organisations from Portugal, Romania, Germany, France, Spain and Belgium.
  • EIC Service Catalogue and the EIC Ecosystem Partnership programme aim to connect awardees with tailored incubation, prototyping, IP, matchmaking and fundraising support.
  • EIC ACCESS+ is the co-financing instrument intended to subsidise access to these partner services with lump sum Financial Support to Third Parties covering up to 50 percent of costs up to EUR 60 000.
  • The FT ranking relies heavily on alumni surveys and expert testimony, which introduces subjective and selection biases that readers should factor in when using the list to choose providers.

Context and headline

The European Innovation Council has highlighted that 14 organisations listed in the Financial Times and Statista ranking of Europe’s Leading Startup Hubs for 2024 are also EIC Partners. These organisations are available to EIC beneficiaries, including Accelerator, Pathfinder and Transition awardees and Seal of Excellence holders, through the EIC Service Catalogue. The EIC frames these linkages as a way to broaden access to specialised acceleration, incubation and sector-focused services for deep tech and innovation projects across Europe.

Which EIC Partners appear on the Financial Times top 125 list

The Financial Times list identifies the 125 European centres it judged to offer the best incubation and acceleration programmes for founders. Fourteen organisations that are listed on the FT ranking are also registered EIC Partners providing services on the EIC Service Catalogue. The list below reproduces the names and FT positions reported by the EIC.

FT RankOrganisationCountry
10Startup Lisboa - Unicorn Factory LisboaPortugal
11InnovXRomania
12SpinLabGermany
25BGI - Building Global InnovatorsPortugal
44IPN - Instituto Pedro NunesPortugal
46IncubAllianceFrance
51TechceleratorRomania
89EIT FoodBelgium
98EIT Urban MobilityBelgium
99StarburstFrance
112EIT HealthGermany
117Plug and PlaySpain
118EIT DigitalBelgium
124Beta-iPortugal

How the Financial Times ranking was constructed

Eligibility and data collection:The FT invited organisations that have at least one physical location in Europe and that have offered incubation or acceleration programmes since at least 2019 to apply. Applicants supplied contact details for alumni. These alumni were then surveyed about their experiences of the programmes they attended. The ranking methodology was produced in cooperation with Statista and Sifted.
Scoring and criteria:The main ranking weight is alumni assessment across several programme dimensions. The FT also incorporated expert testimony from investors, entrepreneurs and academics and looked at the subsequent success of startups supported by each hub. The precise weightings are published by the FT and Statista in their methodology documents.

Readers should note that the process is survey driven and self-selecting. Hubs that applied were able to nominate alumni for follow up. This design introduces potential biases relating to who responds, which cohorts of alumni are reached, and how success is defined across sectors. The FT methodology privileges user experience and reputation rather than a single objective measure of impact.

What the EIC Service Catalogue and Ecosystem Partnerships offer

EIC Service Catalogue:The EIC Service Catalogue is a searchable, filterable database on the EIC Community Platform where EIC Partners publish services for awardees and Seal of Excellence holders. Service categories include Acceleration, Incubation and Venture Building, Access to Infrastructure and R&D Support, IP and legal support, Matchmaking, Prototyping and PoC, Internationalisation, HR and talent and other specialised offers. Access to the catalogue requires an EIC Community login for registered users.
EIC Ecosystem Partnership Programme:This programme is part of the EIC Business Acceleration Services. It aims to connect EIC beneficiaries with specialised sector-focused partners including accelerators, incubators, technology parks, research organisations and corporate partners. The objective is to fill gaps in highly specific needs that general coaching cannot address, for example regulatory testing facilities, complex hardware prototyping or market-specific scaling support.
EIC ACCESS+ co-funding mechanism:EIC ACCESS+ is the co-financing instrument designed to help awardees pay for partner services listed on the Service Catalogue. It is implemented as Financial Support to Third Parties in the form of lump sums. Eligible EIC beneficiaries and Seal of Excellence holders can apply for co-funding through an open call. The scheme typically covers up to 50 percent of the service cost with a maximum award of up to EUR 60 000 per beneficiary in cases described by the EIC. The initiative is designed to run as a continuous open call and the platform documentation states that it is available until at least 31 May 2026.

The EIC recommends that beneficiaries use the Service Catalogue to find highly technical or niche resources and then apply for the ACCESS+ co-funding where appropriate. The catalogue also lists some offers that are free, some at reduced or negotiable rates, and others that are provided at full commercial price or via equity agreements.

EIC Business Acceleration Services reported achievements and a cautious read

The EIC publishes headline performance figures for its Business Acceleration Services. These include over 20 000 one-on-one meetings between awardees and corporates, procurers and investors since 2021, 595 reported deals, €350 million raised through investor outreach activities, €1.2 billion raised by EIC Scaling Club members since joining and various procurement and trade fair outcomes. The programme also reports coaching and skill development numbers, such as more than 2 400 EIC awardees coached and high self-reported increases in procurement and entrepreneurial capabilities.

These numbers document scale and activity but they do not by themselves prove long term impact. Reported fundraising totals may mix direct effects of EIC activity with external investor dynamics. Deal counts do not indicate deal size or longevity. Self-reported coaching outcomes measure perceived capability increases and not necessarily commercial success. Independent verification and longitudinal studies would be necessary to assess causal effects of BAS interventions on scaleup survival, job creation and systemic innovation outcomes.

Limits and practical cautions for EIC beneficiaries

Ranking limitations:The FT ranking is useful for signalling credible providers but it should not be the sole selection criterion. It relies on applicants nominating alumni, which creates selection bias. Alumni responses reflect subjective experience and can vary by cohort and sector. The requirement that organisations have a physical European presence may exclude digital-first or remote-only services that can still be valuable to founders.
EIC Partner offers and commercial relationships:Many partners offer a mix of free and paid services, and the EIC catalogue includes commercial offers. Beneficiaries should examine pricing, co-funding eligibility under ACCESS+, and any potential equity arrangements carefully. Matchmaking or access to investors may come with conditions. Always ask for references and demonstrable outcomes that match your project stage and sector.
Geographic imbalance and sector fit:The 14 EIC Partners named in the FT list include several Portuguese organisations and multiple EIT Knowledge and Innovation Communities. This distribution shows strong pockets of capability but also indicates that hubs are unevenly distributed across Europe. Beneficiaries should prioritise services that fit their technology readiness level, regulatory needs and target markets rather than choosing partners solely on rank.

Practical next steps for innovators

If you are an EIC awardee or a Seal of Excellence holder and want to engage with these partners follow these steps. 1. Register and log in to the EIC Community Platform to access the EIC Service Catalogue. 2. Filter offers by service category, project stage and sector to shortlist providers that match your TRL and technical needs. 3. Check whether you are eligible for EIC ACCESS+ co-funding and review the open call timeline. 4. Contact shortlisted partners and request references from alumni in similar sectors or stages. 5. If you plan to request ACCESS+ funding prepare a clear justification of the service, expected milestones and a simple budget showing the requested co-funding amount.

Contacts and further information:The EIC lists the EIC Service Catalogue on the EIC Community Platform for registered users. For questions about the Ecosystem Partnerships or ACCESS+ contact the EIC helpdesk at eicpartnerships-helpdesk@eic-bas.eu. General information on EIC Business Acceleration Services and open calls is available on the EIC Community pages and the EIC BAS newsletters.

Bottom line

Having 14 EIC Partners appear in the Financial Times top 125 startup hubs is a useful signal of recognised capacity inside the EIC network. The Service Catalogue and the ACCESS+ co-funding mechanism create practical routes for awardees to buy specialised support. At the same time users should be clear eyed about what rankings and headline activity numbers do and do not prove. Select partners on the basis of sector and stage fit, verify references, and use the co-funding tools where they reduce financial barriers to accessing genuinely specialised services.