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
Invest2Scale 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, Invest2Scale 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.
Invest2Scale 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, Invest2Scale 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.
Keywords
Programme(s)
Funding Scheme
HORIZON-CSA - HORIZON Coordination and Support ActionsCoordinator
35100 IZMIR
Türkiye