Project description
An innovative radar to drive innovation
A vibrant innovation ecosystem is made up of like-minded innovators, investors and partners. Whether it’s about getting started or taking a venture to the next level, collaboration is key every step of the way. The most common reason for failure is the inability to match a project with a suitable investor. The EU-funded INNODEC project is working to ensure success on both sides. It is designing an innovation radar that will help pair investors with research projects that show the greatest potential. It will also assist projects raise capital and identify the business model that best suits their needs. The overall objective is to provide tailor-made support to both potential investors and projects to facilitate increased investments.
Objective
This proposal aims to close the gap between investors and research projects from both sides. On the one hand, by placing investors / partners in contact with the research projects with the highest potential and on the other, to coach the projects on raising capital, identifying a business model and developing a sound go-to-market strategy. The approach will ensure scalability while simultaneously catering to the large diversity between the projects and the needs. This is achieved by using data to select the projects with the highest market potential and followed by tailor made support. Giving tailor made support is needed as ownership structures, backgrounds, and challenges vary greatly between projects. Some researchers prefer to transfer or license their innovations as opposed to starting and running a company. The key to success is to first understand each innovation, innovator, investor & partner; only then can their needs and their potential be identified, and can they receive the right kind of support at the right stage.
Fields of science
- social scienceseconomics and businessbusiness and managementinnovation management
- social scienceseconomics and businessbusiness and managementbusiness models
- engineering and technologyelectrical engineering, electronic engineering, information engineeringinformation engineeringtelecommunicationsradio technologyradar
Keywords
Programme(s)
Funding Scheme
CSA - Coordination and support actionCoordinator
6300 Zug
Switzerland
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.