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ESTABLISHING THE INVESTMENT NETWORK FOR STARTUPS AND ENTREPRENEURS FOCUSED ON GREEN AND SUSTAINABLE TECHNOLOGIES

Project description

Funding Greek, Romanian and Turkish green and sustainable start-ups

The escalating impacts of climate change have resulted in worldwide catastrophes, causing considerable damage to both people and property. Introducing novel methodologies, innovations and solutions to mitigate emissions and ecological harm is essential to curb their impact. Start-ups specialising in green and sustainable technologies represent a promising avenue for achieving this objective. However, these start-ups often face challenges in securing adequate funding to initiate or complete the development of innovative solutions. The EU-funded Invest2Scale project seeks to address this gap by increasing cross-border investment in the innovation ecosystems of Greece, Romania and Turkey. Additionally, the project aims to foster collaboration between green and sustainable start-ups and potential investors. Lastly, it will provide support to start-ups in enhancing their investment readiness and visibility to investors.

Objective

IN4SFS project aims to increase the cross-border investment in Turkish, Greek and Romanian innovation ecosystems, while improving access to capital skills of startups working on green and sustainable technologies and established in those ecosystems. Through the network of investors that project partners have, IN4SFS project will provide the cross-border investment opportunities to startups working on green and sustainable technologies and located in Turkey, Greece and Romania. Access to finance helps startups to use their limited financial resources on innovation at a higher level, without generating a significant income, especially while working on innovation activities. The innovative activities lead to better results in terms of sales numbers, and the overall growth rate of the startups.

IN4SFS project will support competitiveness, and global potential of green and sustainable technology-focused startups in Turkish, Greek and Romanian innovation ecosystems through foreign investments and improve the investment readiness of startups. To assist foreign investors located in the Netherlands, France and Denmark to access local deal flows, IN4SFS project will use the local project partners and establish information centers in Turkey, Greece and Romania. Through the knowledge of partners in local ecosystems, these information centers will help foreign investors to access local deal flows.

In terms of informing foreign investors from the Netherlands, France and Denmark on local regulatory frameworks and supporting them to establish joint cross-border ventures in Turkey, Greece and Romania, four brokerage events will be organized. These events will be focused on investors and a joint cross-border venture opportunity will be looked for.

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Keywords

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Programme(s)

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Topic(s)

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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

HORIZON-CSA - HORIZON Coordination and Support Actions

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) HORIZON-EIE-2022-SCALEUP-02

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Coordinator

EGE TEKNOPARK TEKNOLOJI GELISTIRMEBOLGESI ANONIM SIRKETI
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 163 950,00
Address
ERZENE MAHALLESI ANKARA CAD 172 67
35100 IZMIR
Türkiye

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Region
Ege İzmir İzmir
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

No data

Participants (7)

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