Project description
Supporting SMEs to launch new innovative products
As the engine of the European economy, SMEs are paving the way to innovation, and it is important to ensure the proper conditions and support tools are in place. Many SMEs are launching new innovative products and technologies, but they face financial obstacles. Innovation agencies (IAs) can assist by developing new methods to foster SME growth. The EU-funded INNOINVEST project will improve investment processes by facilitating SME cooperation with corporate companies. This will be achieved by four IAs through improving the investment processes, solid validation of management and proposals, feedback from potential investors, careful expertise and use of twinning+ methodology. A Design Options Paper will be formulated and put into practice by the IAs.
Objective
The main goal of this project is to increase the agencies efficiency in the field of capital investment management and financial support for innovative SMEs that are launching new innovative products/technologies (R+D) by finding tools and methods to improve the investment process, especially by facilitating the SMEs cooperation with corporate companies. Four innovation agencies (IAs) will work on the whole investment process for SMEs’ innovative technologies/solutions to ensure the best quality in the selection of the SMEs and their management staff and proposals. The IAs will also pay attention how to choose the best qualified and experienced experts to the process of evaluating ideas. Besides, the main emphasis will be put on the validation process in order to ensure the SMEs feedback from the potential business partners and facilitate them to start the cooperation with corporates companies and acquire the financial (short or long term) support. Innovation agencies involved in the project will work using twinning+ methodology in order to create valuable Design Options Paper regarding whole investment process including the selection of the SMEs, evaluation, validation leading to obtain the capital by SMEs. The new approach to investment process run by IAs can strengthen the position of innovation centres on the national and international arena as a high value added business support organisations regarding investment area and can limit the risk of investment in highly innovative SMEs solutions. The result of peer learning activities delevoped in the Design Option Paper will be implemented in the agencies as improved investment programmes and will be put into practice by IAs. The results of the project can enhance also the possibilities of obtaining by SMEs not only the short but also the long-term capital from business and financial partners what can enhance SMEs growth, competitiveness and facilitate their focusing on profitability of innovative solutions.
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.2.3.2.2. - Enhancing the innovation capacity of SMEs
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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.
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.
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.
CSA - Coordination and support action
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-INNOSUP-2018-2020
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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.
61-612 Poznan
Poland
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.