WE HAVE COMPLETED THE EUROPEAN INNOINVEST PROJECT – SEE THE RESULTS OF OUR WORK!

2022-04-14

Poznan Science and Technology Park  with the consortium partners: WISTA Management – Adlershof Park in Germany, the Tehnopol-Tallinn Science Park in Estonia, and Málaga TechPark finished the InnoInvest European project.

After more than a year of intensive work, the European project for better support to SMEs concludes the planned activities with interesting results to improve the investment processes in innovative ideas.

During the development of the project, the partners have worked on the analysis and improvement of investment processes that enable SMEs to introduce new innovative products and technologies. The partners exchanged their experience and, with the participation of several collaborating entities, have investigated how to reduce information asymmetry between investors and suppliers, how to improve project investment preparation by entrepreneurs, how to reduce the risk for investors and corporate business partners, as well as how to better prepare them to collaborate with start-ups.

Also, having different starting points in the project, the partners have transferred the overall improvements of the investment processes and the results of the initiative into an action plan. While the Poznan Science and Technology Park currently runs an investment programme, Malaga TechPark and Tehnopol plan to initiate them soon. In addition, WISTA runs an acceleration programme that matches start-ups and industrial partners. All the results are compiled in a Design Option Paper (DOP), which contains a compilation of the identified best practices and a series of recommendations addressed to those innovation entities interested in implementing any of them.

The document Design Option Paper is  available on our webside and will be also accessible through the EU’s Cordis platform in the coming weeks.

The project is financed by the European Commission within the framework of the Horizon 2020 programme.

D.3.6. Final Design Option Paper

 About Innoinvest

The overall objective of the Innoinvest programme has been to support entrepreneurs in boosting their business processes and to develop tools that improve the investment methods of small and medium-sized enterprises, especially by facilitating the cooperation of SMEs with corporate companies.

Driven by the European Commission in the framework of the Horizon 2020 programme, through the INNOSUP call, this initiative seeks to test new approaches with the aim of strengthening innovation support to European SMEs by improving their innovation management capacity, adopting and pursuing the right innovation strategies, and managing their innovation processes by implementing innovation spending efficiency.

The Innosup project has applied the TWINNING+ peer-to-peer learning methodology. This method allows project partners to receive practical feedback and advice from each other on the implementation of investment programmes based on the provision of business assistance in order to empower a company to overcome challenges related to its growth and the development of high value-added products or services.