Skip to main content
Go to the home page of the European Commission (opens in new window)
English English
CORDIS - EU research results
CORDIS

Elevating the scalability potential of EU Smart Cities’ business for green and sustainable deep tech based solutions

Project description

Inclusive and gender-equal deep tech innovation ecosystem for the Baltic Sea Region

Start-ups play a crucial role in the development of green and smart solutions and technologies. However, their potential is often hindered by a lack of visibility and funding, which can impede their growth and wider impact on the green transition. This challenge is even more prevalent in less connected and developed innovation ecosystems and for women-led and deep tech start-ups. In this context, the EU-funded FINEST SCALEUP project will collaborate with leading innovation and research entities to establish an inclusive, gender-equal deep tech innovation ecosystem in countries surrounding the Baltic Sea Region. This ecosystem will provide start-ups and entrepreneurs with a cross-border infrastructure for knowledge transfer, connections, and enhanced visibility and access to investment opportunities.

Objective

The FINEST SCALEUP project brings together leading research and innovation actors to establish the Baltic Sear Region countries: Estonia, Latvia, Lithuania, Finland and Poland, onwards referred to as the ‘BSR-5’, as a cross-border, inclusive and gender equal Deep tech innovation ecosystem with the main goal to support companies, start-ups and entrepreneurs to showcase innovative technologies, attract investment and reach global markets.

The FINEST SCALEUP addresses the lack of scale-up funding for startups from 'Less Connected and Developing Innovation Ecosystems', particularly those women-led and from the Deep tech sector .

It leverages on the FinEst Centre, as a world-class Centre of Excellence for Smart Cities Research and Innovation, has developed a cross-border knowledge transfer infrastructure (Urban Operating Platform) that supports its piloting programme, with a combined 100M€ budget to invest in research heavy solutions that have a strong potential to develop into deep tech companies. In the FINEST SCALEUP project, the FinEst Centre capitalises on Finnish-Estonian macro region’s scientific and empirical knowledge to build and strengthen the innovation potential of gender neutral deep tech entrepreneurship across the BSR-5.

Keywords

Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)

Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

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

See all projects funded under this funding scheme

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

See all projects funded under this call

Coordinator

TALLINNA TEHNIKAÜLIKOOL
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.

€ 176 484,38
Address
EHITAJATE TEE 5
12616 Tallinn
Estonia

See on map

Region
Eesti Eesti Põhja-Eesti
Activity type
Higher or Secondary Education Establishments
Links
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)

My booklet 0 0