Fast growing companies are important for a vital economy. Such companies are more innovative and more often introduce new processes, products, and services. They create sustainable, high-grade jobs and attract other business. They enforce higher levels of organisational learning among their networks.
In short they have a major impact in a region.

VentureLab Twente was designed to particularly address business growth issues. In the coming four years we aim to support and train 350 participants. In 2020 this should lead to 200 new companies, 10% of which have over 100 employees. This should result in 3.000 direct and 9.000 indirect jobs.

VentureLab Twente forms a part of a regional initiative for Innovation: the Agenda of Twente. It is sponsored by the “Innovatieplatform Twente” (innovation platform Twente) the province of Overijssel, the “Regio Twente” (Twente Region) and the European Fund for Regional Development. Partners are: the University of Twente and Saxion University for Professional Education.

VentureLab Twente was established in May 2009. The first group of 16 completed the programme in June 2010. In November 2011 nearly 200 people joined VentureLab Twente.