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 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 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.