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#InvestEU – The innovation of Europe

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#InvestEU represents some of the incredible initiatives and innovative projects that the European Union (EU) is supporting. To find out about what #InvestEU is and what kinds of projects it covers, read the previous Promoting Enterprise articleBut what about some concrete examples about where this funding is going? What kind of innovation is going on in Europe? Promoting Enterprise has selected a few projects to highlight from across different sectors:

Support for research start-ups, France

Quadrivium 1 is a €56.1 million seed fund launched in 2013 by French venture capital firm Seventure Partners. It supports high-potential start-ups in the life science – including bio, health and clean technology – and digital and robotic technology sectors. The aim of this project is to give startups extra support in the early stages so that their potential innovations are not lost due to financial issues, it also helps these startups gain recognition which is very useful when they are starting out.

Villach vocational school, Austria

Villach vocational school in Carinthia, Austria gives professional support to young people who have finished school but aren’t ready to take the next step. The aim of the school is to give youth aged from 21-24 additional support to develop core skills needed for the labour market. From traditional training in writing and arithmetic, to building of new media skills, the school provides opportunities to pursue a variety of vocational paths. Since early 2011, more than 220 people have completed its comprehensive support programme. The school is backed by the EU and Carinthia’s Social Ministry Service.

Jennewein: a biotech leader, Germany

12 years after founding Jennewein Biotechnologie in Rheinbreitbach, Germany, Managing Director Stefan Jennewein has reached a defining moment. His company is a leader in its field and with help from an EU-backed loan, it is expanding production, allowing it to safeguard jobs. This once small start-up aims to make the production of  monosaccharides and oligosaccharides, in particular sugar molecules, easy and cost effective. This in turn will allow for further research into the health benefits of these sugars and potential product development.

Smart beekeeping systems, Bulgaria

Bees play a huge role in maintaining the balance of nature. Food production, biodiversity and environmental sustainability all depend on them. EU funding has helped Bulgarian company Bee Smart Technologies to develop a remote digital diagnostic and monitoring system for beekeeping. This enables beekeepers to breed more and healthier bees.

Follow the links to find out more about these projects and be sure to visit the Follow the links to find out more about these projects and be sure to visit the #InvestEU page and browse through all the other projects!

Turning graduate innovation into sustainable business – EEPA 2016 Special Mention

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Stepping into the working world as a fresh graduate is already a daunting prospect, especially for those wanting to start out as entrepreneurs. Today Promoting Enterprise presents an innovative Irish project designed to support these young and brave innovators.

EEPA Special Mention project IGNITE Graduate Business Innovation Programme from Ireland, is a 9 month business development programme designed to support recent graduates turn innovative product and service ideas into sustainable, scalable businesses and in doing so, develop critical entrepreneurial skills. This interview gives us an insight into their application journey, their advice for EEPA 2017 applicants and what to expect from the project team in future.

How did you first hear about the national competition and why did you decide to enter?

We heard about the competition via an email from Gillian Slattery, the Regional Development Executive at Enterprise Ireland. We had been running the programme since 2011 and the competition provided an excellent opportunity to see where we stood in comparison with similar programmes both nationally and internationally.

What was it like to receive a Special Mention?

It was very satisfying, we knew that we hadn’t been shortlisted for the main award so didn’t have any expectations. As a result it was a complete surprise.

free pic no repro fee pictured at the annual IGNITE Graduate Business Innovation Programme Awards and Showcase in UCC’s Aula Maxima on Monday, 27th June. pictures by Gerard McCarthy 087 8537228 more info Alison O’Brien Fuzion Communications 021 4271234 086 3879388

How did winning immediately impact your work and what kind of response did you receive?

The award is very important as international 3rd party validation of what we are doing for funders, sponsors and others who have supported the programme. The award was very positively received by our Local Authorities – Cork City and County Councils and we received letters of congratulation from the President of the University and the Senior Vice President Academic and Registrar.

Why should others enter EEPA 2017? What advice would you give them?

It provided us with a valuable opportunity to step back and reflect on our project and we used the application process to provide a snapshot of the programme at that point in time. The Special Mention Award created a number of important opportunities to connect with others operating in the same space across Europe.

What are your plans for the future?

The plan is to double the programme over the next couple of years and to continue to develop the support offered to maximise the start-up success rate.

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