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Content archived on 2024-05-29

Networking financial investors, business experts and support organisations to foster enhanced innovation activity among Europe's textile and clothing companies

Objective

Innovation activities in the scattered and SME dominated textile sector, with the exception of larger groups, often lack continuity, strategic direction, and, above all, funds. R&D support services and grants are well established at regional, national and European level. However, when the project reaches the stage where a prototype can demonstrate viability, access to risk capital, including loan and guarantee schemes, is a big barrier. Although private equity and venture capital activities have been lately experiencing a great development in Europe, they are underdeveloped in the textile-clothing sector. Furthermore the highly complex filiere complicate the assessment of risks for investors, especially concerning sensitive knowledge sharing and intangible assets management. Enterprises are still mostly family owned and with basic managerial skills, very reluctant to loose company control even in kind of fresh and advanced managerial professionalism brought in by risk capital funds. This proposal will establish a European Textile and Clothing innovation financing expert network, whose activities and findings will be closely related to the European Textile Technology Platform.

This will be achieved by:
- Identification and analysis of sector's specificities;
- Development and validation of tools and guidance materials;
- Mobilising finance investors, incubators and investing enterprises in the sector to contribute to the activities of the network;
- Organisation of roundtables and specific workshops to discuss relevant issues and validating the tools and relevant materials produced by the project;
- Establishment of a map, at European level, of appropriate funding sources, including the development of a rating system of those funds that could be considered as the most suitable for firms in the sector;
- Preparation of policy recommendations;
- Dissemination of results and exploitation of synergies with on-going Gate2Growth projects

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.

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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.

Call for proposal

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

FP6-2004-INNOV-6
See other projects for this call

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.

CA - Coordination action

Coordinator

EUROPEAN APPAREL AND TEXTILE ORGANISATION
EU contribution
No data
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 (8)

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