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INNOVENTUALLY, One-stop source for innovation” — A PaaS (Platform as a Service) for the management of Open Innovation Challenges and Needs.

Objective

Innovation is not an option, and Open Innovation in particular is the main factor to boost and sustain the competitiveness of the modern economy, and ultimately the success of all companies. Innovative organisations usually invest lots of resources (financial, human,and time). Sometimes they cannot find a solution to their problems, and eventually they give up. This is even more dramatically true for SMEs. By 2020, 4.5 billion people will be connected to the Internet; according to Accenture, 97% of companies believe that digital innovation is critical or important to their future performance. The value of supporting services and consulting for open innovation market (OI) was equal to €2.7 billion in 2013, and doubled in the following two years, reaching 5.5 billion Euro in 2015. At present, innovation is happening internally (i.e. completely developed within the company and from the company) or externally (i.e. giving it in outsourcing but strictly limited to supplying products/services, or buying services (as for ICT) as a mere add-on. This shows a clear need for a new way to create, manage and monetize innovation, which means to establish new business models based on an open approach to innovation.
Innoventually company tackles this challenge by offering a digital platform that support organisations and individuals seeking for technologies and monetizing their ideas. We create communities of innovators, companies and researchers, for connecting the dots, creating new collaborative networks for matching innovation’s demands and needs. Innoventually is a one-stop source for innovation-related services for all those organisations that need to innovate (mSMEs, startups, etc.), making open innovation affordable and easy. We facilitate the solution of problems mostly related to R&D needs from SMEs while significantly reducing the cost for exploring new business opportunities.

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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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.

SME-1 - SME instrument phase 1

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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) H2020-SMEInst-2016-2017

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Coordinator

INNOVENTUALLY SRLS
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.

€ 50 000,00
Address
VIA DI TORRE BIANCA 26
34122 TRIESTE TS
Italy

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Nord-Est Friuli-Venezia Giulia Trieste
Activity type
Private for-profit entities (excluding 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.

€ 71 429,00
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