About BiD Network
Preparing emerging market entrepreneurs for investors
Mission & Goal
BiD Network’s mission is to contribute to sustainable economic growth in emerging countries through entrepreneurship.
Small and Medium-sized enterprises (SMEs) are the backbone of any economy. By creating jobs and income, they are crucial to the economic and social development of developing countries. They are also a powerful force against poverty. However, businesses face difficulties getting started or growing because they lack access to finance.
BiD Network’s goal is to support emerging market entrepreneurs to gain access to finance. Since 2007, BiD Network has raised nearly 30 million in investment capital for over 230 entrepreneurs. Via its local office in Uganda, BiD Network offers business support and matchmaking services to selected entrepreneurs that have significant growth potential and a competent entrepreneurial team. Via these services, BiD Network is able to provide high quality deal flow to its local and international network of over 200 investors. Other investor services are investor trips and the Ready-to-Invest Master classes for angel investors.
History & Results
Since the first BiD Challenge in 2007, BiD Network has developed more than 10 years of experience in organizing business plan competitions, delivering training and offering matchmaking for emerging market entrepreneurs in various countries and sectors. Our network of investors consists of more than 200 Business Angels (informal investors) and SME funds.
In November 2010, the prestigious G20 SME Finance Challenge prize was awarded to bidx. US President Barack Obama and the then HRH princess Maxima of the Netherlands, personally congratulated founder Thierry Sanders and offered their support to start the online platform for emerging market SMEs and investors. The first to invest in bidx was Putera Sampoerna, one of Indonesia’s most successful entrepreneurs. The G20 and the Nationale Postcode Loterij followed by funding the start of the organization. As a result, bidx became independent in 2014.
To further boost results, BiD Network developed a new web service: bidx.net, which became a separate entity in 2014. Bidx offers online portals to SME intermediaries such as incubators, accelerators and funds, to attract and build their own communities of SMEs, investors and mentors.
Another spin-off of BiD Network is Iungo Capital, previously BiD Invest; an asset management company that manages investment funds that provide much needed growth capital to promising SMEs in Sub-Saharan Africa. Iungo Capital will operate as an independent company, represented by Steven Lee and Roeland Donckers. Iungo Capital will enter BiD Network’s investor network of over 200 business angels and investment funds and hence remains an important partner.
Sourcing of SMEs
Sourcing of emerging market SMEs, together with local business identification partners, tailored to the interests of our investors.
Business Growth Support
With our practical and tailor-made business support, entrepreneurs are fully prepared to receive investment.
Qualified and personalized services for matchmaking between
finance-ready emerging market entrepreneurs and investors.
Ready-2-Invest Master Classes
Specifically designed to prepare investors to finance SMEs in emerging markets.
Inspiring speakers talk about impact investing and investors meet like-minded people.
Impact Investment Trips
Investors meet our selected growth entrepreneurs, allowing them to get a full grasp of the investment eco-system.