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Regions’ Alliances for Interconnected Startup Ecosystems

Periodic Reporting for period 1 - RAISE (Regions’ Alliances for Interconnected Startup Ecosystems)

Período documentado: 2022-06-01 hasta 2023-05-31

The vision of an interconnected EU startup ecosystem has been largely developed through the combined efforts of European
associations, complementing the scope of the actions of national or regional agencies in the different countries, which offers a first
opportunity for a more global perspective on the different aspects of startup support.

However, in spite of several cooperation initiatives between these organisations, there is still a lack of integration between their
action plans, which creates gaps in startup support at EU level.

The main goal of RAISE is to contribute to the development of a new and sustainable integrated support framework to foster startup
growth and scale-up within and across Europe in all its dimensions, from initial funding, research support to public incentives and
internationalization. This will result in promoting competitive business models, unconventional collaborations and solutions from all,
in all over Europe, and contributing to a true EU startup ecosystem, not based on a single city or region, but
linking all of them together.

This project will address these gaps establishing a joint agenda to build an effective collaboration amongst key players of the
innovation ecosystem, fostering a common action that will inovolve key stakeholders at regional, national and EU level, that play a
role in the lifecycle of start-ups growth be through upskilling initiatives, R&I programmes and policies, capacity building, private
investment or access to public funding.
The consortium achieved the following:

Deliverable 4.1: Communication Strategy Plan - Finalized and delivered.

Developed a comprehensive plan outlining communication goals, target audiences, messages, and channels.
Strategies for internal and external communication, ensuring effective project-wide communication.

Deliverable 1.3: Outcome of the Exchange of Experience and Co-creation sessions - Finalized and delivered.

Organized co-creation sessions to exchange experiences and gather valuable insights.
Engaged with startup founders to enhance understanding of business models and partnerships.
Gathered practical solutions for improving business models and partnerships.

Start-ups Coaching Sessions:

Each partner organized coaching sessions based on specific themes.
Partners chose appropriate experts to benefit the startups.
SERN and EURADA organized a joint session to optimize budget allocation.

SERN & EURADA:

Planned and coordinated coaching sessions focused on improving business models and partnerships.
Designed interactive activities and facilitated expert-led discussions.
Provided personalized coaching and practical solutions.
Generated interest in a follow-up event in September.

RAISE Open Forum:

Established an active online forum using LinkedIn Group tools.
Encouraged engagement from consortium organizations and stakeholders.
Platform for ongoing discussions, knowledge sharing, and networking.
Outcomes:

Enhanced understanding of business models and partnership actions among startups.
Valuable insights and practical solutions from co-creation and coaching sessions.
Increased engagement through the active RAISE Open Forum.
These achievements contribute to the project's technical and scientific aspects by fostering collaboration, knowledge exchange, and the development of effective strategies to support startups.

With that being said, Work Packages 1,4, and 2 are finalized. With the WP2 only missing the "Selection of trainers, mentors for pilot actions". WP4 is missing the final event, but that will only take place at the end of the project.
The project's results have the potential to surpass the current state of the art, with impacts and key needs for further success. They include:

Enhanced Business Models and Partnerships: The project improves startup business models and partnerships, leading to more effective approaches. Insights from co-creation and coaching sessions help startups refine strategies for success.

Key needs: Continued research and validation, access to markets and finance, support for commercialization, IPR guidance, and internationalization strategies.

Knowledge Exchange and Collaboration: The project fosters a collaborative environment for knowledge sharing and cross-sector collaborations. Stakeholders benefit from networking and partnership opportunities.

Key needs: Ongoing support for the knowledge exchange platform, sustained stakeholder engagement, and efforts to foster cross-sector collaborations.

Empowering Startups: Startups gain skills and knowledge through personalized coaching and interactive activities, enhancing their resilience and competitiveness.

Key needs: Mentorship, access to funding opportunities, talent matching support, and a supportive regulatory and standardization framework.

Overview of Results:

Development of a communication strategy plan (Deliverable 4.1).
Insights and solutions from co-creation sessions (Deliverable 1.3).
Successful execution of Start-ups Coaching Sessions on business models and partnerships.
Establishment of the active RAISE Open Forum for discussions and knowledge sharing.
These outcomes impact the startup ecosystem by improving business models, fostering collaboration, and empowering startups. To ensure success, address key needs like research, market access, finance, commercialization, IPR, internationalization, and regulatory frameworks.