KBC unveils €100M Start it Fund, targeting Belgium’s most promising startups from idea to IPO

KBC Group is injecting €100 million into the Belgian startup ecosystem through its Start it @KBC program, launching the Start it Fund. This initiative aims to provide early-stage financing for high-potential startups emerging from the accelerator, marking a significant step in supporting local innovation and growth. The fund intends to fill a crucial gap in early-stage investment, offering both capital and guidance to propel startup development. The Start it Fund will focus on the top 1% of applicants from the Start it @KBC program, with investments averaging €300,000 per startup, although this amount can be higher based on the startup's needs. Furthermore, the most promising startups will have the opportunity to secure follow-up financing of up to €5 million through KBC Securities. This approach extends support from initial concepts through to potential IPOs. This investment will impact numerous startups by providing them with the necessary financial backing and mentorship to scale their operations. The program already has a strong track record, supporting 1,923 startups since 2014, with 227 raising over €1 million. This includes success stories like Aikido Security and Bolt. This fund also reinforces Belgium's position as a hub for digital innovation. With a high survival rate of 73% for Start it @KBC startups after five years, compared to an international benchmark of 51%, the new fund is expected to further boost the ecosystem's success. It provides founders with a comprehensive support system that includes coaching, a community, and now, significant capital.