Periodic Reporting for period 1 - InnoSME-LV (SME Instrument for Innovative Companies from Latvia)
Reporting period: 2014-07-01 to 2014-12-31
The successfully fulfilled project differentiate between the case level of the innovation project led by the SME - beneficiary of the SME instrument of the Horizon 2020 and in intervention at the corporate level in the case of high innovation and internationalisation potential SMEs. The nature of barriers and challenges related to each situation is different:
• on the case level they are related to a search of a viable business models of the new offering or process to be developed in the course of the project;
• on the corporate dimension of the SME the challenges are in the organizational practices and culture that can slow down future innovation projects or ability to benefit to full extent from their results.
To achieve this, the following objectives were foreseen:
Objective 1: To support SMEs, as the beneficiaries of the SME Instrument to identify bottlenecks to the creation of economic impact in companies benefitting from grants by Horizon2020's SME instrument and address these bottlenecks with the help of capable coaches.
Objective 2: To increase the efficiency and effectiveness of innovation processes in small and medium sized enterprises with significant innovation activities that could potentially become beneficiaries of European support to research and innovation but would not have effective access to consulting services for innovation management.
Unfortunately none of SMEs from Latvia succeed in Horizon 2020 SME Instrument application for Phase 1 or Phase 2 (objective 1).
Therefore all the efforts were forwarded to increase the efficiency and effectiveness of innovation processes in SME with significant innovation activities (objective 2). In total six seven-day service packages were delivered to SMEs from various industry sectors.
The project was started from 1 July, 2014 and ended in December, 2014, in total 6(six) month. During the project implementation in total 6(six) cases were performed. Each case took seven days.
The selection of beneficiaries - SMEs was made by consensus between all senior Enterprise Europe Network innovations experts nominated for these in-depth services.
Work package 1 (WP1), included Phase 1 and Phase 2 of key account management (KAM) functions of SME instrument. WP1 was started from the beginning of the project – month 1 (M1) and was active till the end of the project M6..
Service packages not required to deliver KAM services was expected to use in WP2, to help particularly promising SMEs enhance their innovation management capacities. The purpose of this activity was to carry out a diagnostic audit of selected SMEs that are capable for growth and successful internationalisation. This required developing and implementing a new tailored action plan. WP 2 started from M4 as it was planned. At this moment LTC had a more clear vision about number of service packs available for WP2.
The main results of the action, innovation capacity was increased in 6(six) beneficiaries – SMEs. This was achieved by delivery six seven-day specialised service packages to innovative SMEs. It is foreseen that delivered services will help SMEs better prepare H2020 SME Instrument project applications, foster development of new innovative technologies and services, increase competitiveness on the global market.