In 2021, the total amount of venture capital (VC) investment in Belgium reached €584 million, with an increase of 44% compared to 2020.
Belgium is attracting a significant amount of foreign VC investment, with an estimated 50% of all VC investments coming from foreign investors.
Popular Startups
Showpad: A cloud-based platform for sales and marketing teams, offering an all-in-one solution for sales enablement and customer engagement.
Yugo: An innovative mobility platform offering eco-friendly and affordable transportation services in cities across Belgium and the Netherlands.
Teamleader: A cloud-based software platform designed to help SMEs manage their sales, marketing, and project management processes more efficiently.
Codam Coding College: A non-profit coding college that provides a unique, intensive curriculum aimed at preparing students for careers in tech.
Belgium-based Heptasense: A provider of machine learning-based solutions that help companies to automate manual processes and improve efficiency.
Government Initiatives
The Belgian government has implemented a number of initiatives to support the growth of startups and entrepreneurship in the country, including tax incentives and subsidies for innovation and research.
The government also provides support for startups in the form of mentorship, coaching, and networking opportunities through initiatives such as Startups.be and Agora.
In addition, the government has established partnerships with key players in the private sector, such as banks and venture capital firms, to further support the growth of the startup ecosystem in Belgium.