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Raising Innovation Capacity for Innovative Companies from Latvia (2019)

Periodic Reporting for period 1 - InnoSME-LV-2019 (Raising Innovation Capacity for Innovative Companies from Latvia (2019))

Reporting period: 2019-01-01 to 2019-12-31

The overall objective of the project Raising Innovation Capacity for Innovative Companies from Latvia (2019) is to contribute to smart growth in the European Union by increasing the efficiency and effectiveness of investments in research, development and innovation and by contributing to a better and more efficient connection of actors along the innovation chain. The offered services are delivered in the geographical area NUTS1 region - Latvia by EEN-LV Consortium partner – Latvian Technological Center (EEN-Latvia/LTC).
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 internationalization potential SMEs. The nature of barriers and challenges related to each situation are 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 and efficiently help SMEs, as the beneficiaries of the SME Instrument, FTI and FET-Open to identify bottlenecks to the creation of economic impact in companies benefitting from mentioned support instruments and address these bottlenecks with the help of capable coaches, so that full SME innovation capacity can be exploited
Objective 2: To increase the efficiency and effectiveness of innovation processes in small and medium sized enterprises with significant innovation potential that could become beneficiaries of European support to research and innovation, but would not have effective access to consulting services for innovation management.
The project consists of two work packages: WP1 and WP2. The management of these work packages was integrated as a part of EEN-Latvia activities, and the services are offered in parallel to ordinary EEN services. The awareness rising of the Horizon 2020 SME Instrument, FTI and FET-Open projects, as well as about offered services: Key account management and Enhancing SME innovation management capacity is achieved by using EEN-Latvia advertisement services: press releases, webpage EEN-Latvia newsletter, etc..
The selection of beneficiaries - SMEs is made by consensus between all senior Enterprise Europe Network innovations experts nominated for these in-depth services.
Work package 1 (WP1), included key account management (KAM) functions for beneficiaries of SME Instrument Phase 1 and Phase 2, FTI and FET-Open
In parallel WP2 is implemented, to help particularly promising SMEs enhance their innovation management capacities. The purpose of this activity is to carry out a diagnostic audit of selected SMEs that are capable for growth and successful internationalization.
In this period the Consortium successfully delivered 9 (2-KAM, 7-EIMC) service packs to companies from different industry sectors. The undertaken actions –service packages gave a significant impact for SMEs. The companies innovation capacity was increased. The main impact will be in next 3-5 year, however already today the companies have benefits: increase of turnover; new products were developed; service innovation introduced; companies pitched to approach investors and to take active part in different funding programs.