‘INNOSUP-1’ is the Horizon 2020 funding programme of cluster-facilitated projects for new industrial value chains. The programme supports SMEs to develop new value chains that cross business sectors. It boosts innovation by combining expertise from different domains.
13 INNOSUP-1 projects have been supporting SMEs to date and five more were launched in May 2019.
What does innovation support do for SMEs?
SMEs have great potential to create new products and services. However, they often face challenges that could be solved thanks to cross-sector cooperation.
INNOSUP-1 gives SMEs the support they need to join the dots and create disruptive innovations. It connects SMEs with other SMEs or larger organisations across many sectors to create new value chains. By doing so, the programme enables SMEs to transfer technologies, strategies and approaches.
There are many positive impacts. SMEs from all sectors develop their business via these innovative value chains. European citizens benefit from improved products, reduced environmental impact, growth and new job opportunities.
53 clusters delivering the projects
The INNOSUP-1 projects are delivered by consortia of experts coming from SMEs, consultancies and research organisations.
Many of these project partners are cluster organisations. Clusters are groups of enterprises that collaborate closely with each other. The 13 projects that have been active so far were delivered by 139 partners. Two out of 5 of these partners were cluster organisations and between them they counted 6,500 SMEs among their members.
More than 3,200 SMEs reached
The INNOSUP-1 projects have established contact with at least 3,200 SMEs to date. This number will increase as the new projects launch their calls for support. The new projects aim to reach almost 1,500 SMEs in total and to give innovation support to over 600 of them.
Over 1,600 SMEs supported
To date, INNOSUP-1 projects have provided innovation support services for over 1,600 SMEs. These SMEs are located across Europe and beyond. They were present in 27 of the EU Member States and nine of the 16 Horizon 2020 associated countries.
€26 million spent on innovation support for SMEs so far, which will rise to a total of €63 million
All INNOSUP-1 projects are required to spend at least 75% of their budgets on innovation support services for SMEs. Innovation support services can take the form of funding, vouchers for specialised services, workshops, mentoring, and online platforms.
SMEs have to date received over €26 million in innovation support services from INNOSUP-1. As the new and ongoing projects continue, this figure will rise to over €63 million.
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