Navigation path

Left navigation

Additional tools

Tag ‘accelerators’

PARSEC Accelerator launches Open Call 2 for SMEs innovating in food, energy or environment

Tags: , , , , , , , , ,

The PARSEC Accelerator invites SMEs and start-ups to meet the 100 winners of Open Call 1 to jointly develop Earth Observation-based business solutions for the food, energy or environment sectors and apply to the Open Call 2.

The PARSEC Open Call 2 will distribute €1.5 million equity-free funding to 15 winning consortia and provide access to business support services (investment readiness program, export promotion and coaching) and the PARSEC Business Catalysts in order to help their solutions enter the global market.

The PARSEC Accelerator is uniquely positioned to help SMEs and start-ups benefit from the rapid evolution of the Earth Observation sector, enabled by new, maturing and converging technologies such as cloud computing, big data and artificial intelligence. The PARSEC Business Catalysts, three tools supporting big data processing, in situ data access and access to an Earth Observation marketplace, represent an exceptional opportunity for start-ups and innovative SMEs looking for efficient ways to launch their innovations.

In order to apply for the second Open Call, external SMEs or start-ups have to team up with one of the winners from Open Call 1 and form a cross-sectoral and/or cross-border consortium of 2-4 organisations. The PARSEC Accelerator will facilitate networking for interested SMEs and startups via the online PARSEC matchmaking platform. To join the matchmaking register for free here. You will receive an invitation to join within 48 hours of registering.

The deadline to apply is 20 June 2020 at 17:00 CET. Eligible consortia will be invited to pitch their business ideas in front of a jury of experts at the PARSEC Demo Days on 2-3 July 2020.

For more information visit the PARSEC website, watch the Info Webinar and for any questions get in touch with the Accelerator here.

ECOSTAR – The custom built accelerator and entrepreneurship hub for nature based business

Tags: , , , , , , , , , , , , , , ,

What kind of support is out there for green and eco-entrepreneurs? How can you sell an idea that is innovative, eventually profitable but also green and sustainable? Entrepreneurs in this field may find it difficult to convince investors or find the right support systems for their offered products and services. This is where the newly launched ECOSTAR accelerator is there to help!

ECOSTAR is the research-enterprise impact hub and accelerator that promotes entrepreneurship and innovation for nature-based businesses. The initiative is promoted by a university-enterprise partnership between European and US-based institutions, and it is co-funded by the Erasmus+ Programme of the European Union, and other private investors. It’s an Impact Hub that promotes the start-up and acceleration of new business initiatives with a positive impact on environment and society. It’s a Research-Business alliance that links universities and companies, providing networking and market-oriented training. It focuses on business models that make profit by marketing, promoting and enhancing biodiversity, and ecosystem services. The initiative provides business opportunities and real benefits for the environment through the following main actions:

JOIN: Create a wide research-enterprise network at EU level, linking together entrepreneurs, scientific and business mentors, and investors, wanting to create value for nature through new business ideas.

LEARN: Deliver a series of specialised entrepreneurship and innovation trainings targeted to MEEB through multidisciplinary approaches to teaching and learning.

GROW: The ECOSTAR Nature-Accelerator selects and invests in early-stage impactful startups that are developing innovative and sustainable solutions for disrupting the agriculture, forestry and natural resource sectors.

E-learning technology, business model case studies, EU support networks, and free ad hoc MEEB business plan advice, are some of the methods that are delivered through a strong and committed partnership of businesses and universities at country and European level.

To find out more about this exciting initiative and to read some of the success stories from participating eco-ventures, visit their website: www.ecostarhub.com

The future of innovation and enterprise – What can we expect?

Tags: , , , , , , , , , , , , , , , , ,

Tue David Bak, director of Innovation and Growth for Region Zealand in Denmark, is back for a final interview with Promoting Enterprise. Today the subject is the future, what does it hold for innovation and enterprise? What can we expect? What are the trends telling us? Read on to find out…

What trends do you see in innovation?

In Denmark specifically, the public sector is embracing innovation, which I see as a positive thing. Overall, user driven innovation is increasing, as consumers and users begin to play larger roles in development, and there is a shift from only research based innovation. The current trend is disruption of society as there is a need for innovation for us to advance.

What measures/steps are you taking to encourage digital innovation in Region Zealand?

In Region Zealand we currently don’t do enough and as such we are not a front runner in the digital space. In Denmark however there have been some steps towards pushing companies to work digitally and make that digital transformation. The Danish Business Authority (which takes care of company registrations and working in the Danish public sector) took the controversial decision to make it mandatory for all companies to digitally invoice if they wanted to work in the public sector. Initially there was a lot of resistance but overall it helped – and is still helping companies – to transition to the digital sphere. As such, Denmark has no physical paper trails for monetary transactions and the public sector is going fully digital. That is truly innovative.

As director for innovation and growth, what do you see as the future of enterprise?

The same situation can be seen across all the EU countries, the public sector is under enormous strain which has and will continue to be a catalyst and driver for innovation. This in turn will result in increased cooperation and further blurring of public and private divisions. This blurring of divisions also relates to how the idea of employment is changing and evolving, which is not to say it is negative, but simply means that new working models are beginning to emerge. I see the future of enterprise as no longer including the ‘employee’ concept, I think this will be phased out. It is not uncommon now and nor will it be in future to have multiple jobs or hybrid employment models, alongside an overall merging of individuals and companies.

What does the future of enterprise look like in Denmark? Do you think it is different to global trends or where the future of enterprise will go globally?

Denmark has always had a strong focus on creating a business environment conducive to startups and entrepreneurs. So far we have been successful, but we also need to change in order to stay competitive and innovative. The new focus now needs to be on helping startups to scale up. So the big question for us now is how do we scale up in Denmark? Perhaps a larger and certainly important question is, how do we scale up in the EU?

Innovation in large companies: CP Kelco, Region Zealand

If you enjoyed this insightful interview with Tue David Bak, be sure to read his other interviews right here on the Promoting Enterprise Portal.

First interview: Innovation – What is it and how can it be fostered?

Second interview: Startup Culture – Tue David Bak shares his insights and predictions

Startup Culture – Tue David Bak shares his insights and predictions

Tags: , , , , , , , , , , , ,

Promoting Enterprise is proud to welcome back Tue David Bak, director of Innovation and Growth for Region Zealand in Denmark. In his second interview with us, Tue sheds some light on startups, accelerators and incubators in Region Zealand and Denmark, current trends and the regional influences on startup culture.

Do you have many accelerators and incubators in Region Zealand? Are they successful?

In Denmark we have actually worked to avoid having too many regional accelerators and incubators, we prefer to have these bodies on a national level so as to keep them open to all Danish and even global companies. Global companies are not excluded from accessing our incubators and accelerators. As long as they have a Danish license and a physical presence in Denmark they can access all the resources. Through this openness we hope to facilitate a link between the Danish and global markets, thus making Denmark just as attractive as the Silicon Valley and other innovation hubs.

What trends are you seeing on the startup scene?

There is an increasing acknowledgement from startups that they do need help. The old idea of two guys in a garage doing everything on their own and not needing any support is starting to be replaced by the realisation that getting a startup to take off is difficult and that there a multitude of resources to draw from and that they are there for a reason. This links to another trend which is an overall change in mindset regarding partnerships. Similar to the collective realisation that they need help, startup founders are specifically beginning to value the need for partnerships with mentors, larger companies etc.

What trends are you seeing in startup culture? For example, does geography play a role?

Absolutely, just looking at the differences between Northern and Southern Europe is an illustration of the role of geography. I have more experience and expertise in Northern Europe, and overall I have seen that there is a strong entrepreneurial culture in Northern Europe, including acceptance of changes of career as a ‘normal’ part of professional life.

Even within countries geography is a big influence, a startup or company located in a rural area will not behave in the same way as an urban counterpart. Rural startups are more traditional working on the idea of being your own boss and are often less aggressive in their approach to scaling up. They are also more in line with the traditional Danish culture which means not standing out or drawing attention to yourself. In contrast urban areas are experiencing an aggressive growth of entrepreneurs.

Innovation in startups: Synchrotron-based microscopy at laboratory scale (Xnovo)

Tue David Bak will be back next week on Promoting Enterprise for his final interview on the future of innovation and enterprise and what Denmark and the EU need to focus on to stay competitive.

Read his first interview: Innovation – What is it and how can it be fostered?

EIT Health’s Product/Market Fit open to e-health companies looking to expand

Tags: , , , , , , , , , , , ,

With a good idea, some investment and hard work, start-ups in the health and life sciences fields can get started in their local market. But if these firms are going to achieve meaningful growth, and if their innovations are going to benefit a wider audience, they will have to go abroad – which means understanding new regulations, a different culture and an unknown set of market realities.

This is where Product/Market Fit comes in. An EIT Health Accelerator programme, Product/Market Fit helps start-ups that have already established themselves in one market and are ready to expand beyond their borders. The support this programme offers has an estimated market value of EUR 25 000, but the opportunities it provides can be worth much more than that.

“Based on our experience in the Accelerator, grownup start-ups start needing support with going to other markets,” according to Katrien Van Gucht, a Co-Coordinator of the EIT Health Accelerator Strategy and  Digital Health Program Manager at EIT Health partner IMEC. “We wanted to get in that sweet spot, right when they are ready to expand,’ said Johnny Waterschoot, who project manages European open calls for IMEC. “We are looking for companies that are ready to go beyond their borders, but lack the necessary funding to do just that. This programme will help them decide what markets to address next.”

According to Van Gucht, companies that are mature enough to qualify for this programme have typically raised about EUR 500 000 in investment and generally consist of two or three people. She said the companies obtain great value from the market testing that the programme can do. “The trial and error ratio of going out and seeing for themselves if they can make it in another market, we reduce this a great deal for them. They will see if they still need some work before they start growing in that market. Or the outcome could be that this market is not for them.”

If the entrepreneurs have the passion and drive to expand, the Product/Market Fit programme can provide them with many of the other tools they need.

Interested in finding out how to apply? Read more about the process here.

For more information: https://eit.europa.eu

LOGIN Startup Fair 2014

Tags: , , , , , , ,

LOGIN-Startup-Fair-2014

Graphic courtesy of facebook.com/startuplithuania

In April 2014 participants at the LOGIN Startup Fair were presented with innovative business ideas from 54 startup teams, 40 of which presented their products at the event.

The representatives of 24 venture capital funds and seven start-up accelerators, who were looking for new talent in Lithuania, attended the event. Among the guests were Europe’s largest venture capital fund Balderton Capital, Israel’s largest venture capital fund Pitango Venture Capital and investors that have already invested in start-ups founded by Lithuanians such as Wellington Partners and Intel Capital.

The “Matchmaking Area” saw 229 one-on-one meetings take place between investors and start-ups during the two days of the event.

Contact

Rimante Ribačiauskaitė, Project manager, Enterprise Lithuania, r.ribaciauskaite@enterpriselithuania.com, +370 618 0605

  • Useful links

  • Tags

  • RSS Promoting Enterprise

    • EEPA 2020 – How to prepare your application May 21, 2020
      There is still a chance to participate in this year’s European Enterprise Promotion Awards (EEPA)! Make sure that you submit your applications before your national deadline. Remember that each national deadline is different so check yours here. What goes into an EEPA application? What makes your application stand out from all the others? Here on Promoting […]
      promotingenterprise
    • The European Entrepreneurial Region Award 2021-2022 – Call to Apply May 19, 2020
      The European Entrepreneurial Region (EER) Award, run by the Secretary-General of the European Committee of the Regions (CoR), is now open for applications. The submission deadline is 28 October 2020. The current call for applications covers the merged 2021 and 2022 edition of the EER Award and is open to “all EU territories below the […]
      promotingenterprise
    • Why should you enter EEPA 2020? May 14, 2020
      The European Enterprise Promotion Awards (EEPA) 2020 are still going through the national rounds and looking for outstanding projects to compete. But why should you apply for EEPA 2020? We asked the EEPA Class of 2019 what advice they would give to those thinking about entering this year. Have a read through what they have […]
      promotingenterprise
    • Hungarian agri-food SMEs to receive support under the Commission’s State aid Temporary Framework May 12, 2020
      The European Commission has approved a Hungarian scheme to support the agri-food value chain in the context of the coronavirus outbreak, which is expected to mobilise at least approximately €314 million (approx. HUF 111 billion). The scheme will be open to small and medium-sized enterprises (SMEs) active in all sectors, but is aimed at the wider […]
      promotingenterprise
    • Event spotlight: Useful advice and information for SMEs May 7, 2020
      During these unpredictable and uncertain times we have seen an explosion in the number of events and the amount of content and advice available online. Whilst this wealth of knowledge can be valuable for businesses, the volume can sometimes be quite overwhelming and it can be difficult to find what you are looking for. At […]
      promotingenterprise
    • PARSEC Accelerator launches Open Call 2 for SMEs innovating in food, energy or environment May 5, 2020
      The PARSEC Accelerator invites SMEs and start-ups to meet the 100 winners of Open Call 1 to jointly develop Earth Observation-based business solutions for the food, energy or environment sectors and apply to the Open Call 2. The PARSEC Open Call 2 will distribute €1.5 million equity-free funding to 15 winning consortia and provide access […]
      promotingenterprise
    • SME Week Newsletter 2020: Issue #3 April 30, 2020
      Welcome to the April edition of the SME Week Newsletter. This month has certainly been different, and for some in our Promoting Enterprise community it has been particularly challenging. April has seen many policy changes and updates, Commission initiatives, hackathons and further actions. We have seen SMEs pitching in and doing their part, pushes and […]
      promotingenterprise
    • Coronavirus Global Response: EU launches pledging effort April 28, 2020
      In response to the global coronavirus pandemic, the European Union (EU) has joined together with global partners to organise a worldwide pledging marathon, set to begin on Monday 4 May. The marathon is part of the Coronavirus Global Response, which is the response to the call to action launched by the World Health Organisation (WHO) […]
      promotingenterprise
    • Supporting digital skills development in European SMEs April 23, 2020
      The original article can be found on the EASME website. Digitalisation is amongst the various challenges that European small and medium-sized enterprises (SMEs) must face in today’s climate. SMEs need to keep pace with current digital transformation and digitalisation in order to provide digital solutions and thus, keep up and keep their place in their […]
      promotingenterprise
    • Intellectual Property and SMEs April 21, 2020
      Intellectual property (IP) can improve the competitiveness of small and medium-sized enterprises (SMEs) and provide a potential source of revenue. However, SMEs often lack the time, resources, or knowledge to address IP issues. What is Intellectual Property? As defined by the World Intellectual Property Organisation (WIPO), a self-funding agency of the United Nations, Intellectual Property […]
      promotingenterprise