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Out2Bound nominated among the 16 finalists to the European “Future Unicorn Award”

DIGITALEUROPE, Europe’s trade association representing the digitally transforming industries, has announced the 16 finalists for the “Future Unicorn Award 2019”

Out2Bound, a BAIT member, have been nominated among the 16 finalists to the European “Future Unicorn Award”.

DIGITALEUROPE, Europe’s trade association representing the digitally transforming industries, has announced the 16 finalists for the “Future Unicorn Award 2019” and among them is Out2Bound from Bulgaria.

The company is an on-demand sales-as-a-service agency that helps technology companies attract b2b clients and access new markets around the globe.Out2Bound specialises explicitly in developing and executing outbound sales development strategies on behalf of technology companies to enrich their sales pipelines and as a result to start conversations with highly targeted potential new clients. The company was established in 2016 and has already expanded across Europe and Asia.

The Future Unicorn award

Running for the second year in row, the Future Unicorn Award is the Eurovision of young tech companies. The award celebrates small and medium enterprises from across Europe that have the potential to become the future European Tech giants. It is compiled in collaboration with Europe’s national trade associations representing the digital and technology sector.

This year, 16 truly inspiring companies from across Europe were nominated. The nominees come from all sectors, including financial technologies, education technologies, eHealth, mobility, energy, and many more.

The award will be handed by Mariya Gabriel, Commissioner for Digital Economy on 21 February 2019 at the Masters of Digital Conference in Brussels.

Why unicorns matter

Unicorns – billion-dollar startups – may seem like foolishness. Merely, over-valued companies that wealthy investors like to poor their money into.

But in the modern economy, digital companies get exponential advantages as they scale. Because digital offering can be reproduced almost freely, instantly, and perfectly, the larger a digital company becomes, the more competitive advantages it gains. Said simply, when scale and network effects dominate markets, economic value rises to the top.

In this world, unicorns are an indicator of something important: who will likely become the future tech giants. The good news is that there are more European billion-dollar startups. Today Europe is home to 11.5% of the world’s unicorns, compared to only 6% in 2014.