Expanding Investments Ecosystems
Summary
The European Innovation Ecosystems work programme aims to create more connected, inclusive and efficient innovation ecosystems that support the scaling of companies and spur innovation to address important challenges in a responsible way.
Programme Name
Programme Description
Horizon Europe is the European Union (EU) funding programme for the period 2021 – 2027, which targets the sectors of research and innovation. The programme’s budget is around € 95.5 billion, of which € 5.4 billion is from NextGenerationEU to stimulate recovery and strengthen the EU’s resilience in the future, and € 4.5 billion is additional aid.
Call
Detailed Call Description
The action supports co-designed programmes of activities, of at least two (2) years, proposed by business acceleration service providers and/or investor networks and clubs, located in less connected innovation ecosystems (‘modest’ and ‘moderate’) and innovation hubs (‘strong innovators’ and innovation leaders’), to facilitate the entry of funders in less connected innovation ecosystems through activities, for example:
- market orientation / introduction programmes for European investors, including establishment of central points of information for foreign investors providing them with knowledge on the ecosystem’s establishment conditions, incentives, tax and legislation;
- assistance to foreign EU and international investors / Venture Capitalists, including women investors, during the whole process of investment, from the pre-entry stage until the exit, by ensuring support in administrative, legal, linguistic and cultural issues;
- organisation of European and worldwide international business forums, conferences and events to attract and connect international with local investors;
- peer-matching of investors and other networking activities to encourage joint ventures;
- a repository of best practices of market entry facilitation for international investors;
- a list of recommendations for local authorities and European regulators to better address investors’ entry challenges and facilitate cross-border deals.
Financing percentage by EU or other bodies / Level of Subsidy or Loan
100%
EU contribution per project: €1,00 million
Eligible costs will take the form of a lump sum.
100%
EU contribution per project: €1,00 million
Eligible costs will take the form of a lump sum.
Eligibility For Participation Notes
Consortia must have at least three (3) independent legal entities, of which at least one (1) is established in ‘modest’ or ‘moderate’ innovator region and at least one (1) in ‘strong’ or ‘innovation leader’ innovator region.
Target group(s): Business-acceleration providers such as incubators, accelerators, company-builders, innovation agencies, business clubs and networks, public and private VCs and their networks, national and regional promotional banks.
Programme Category
EU Competitive ProgrammesTotal Budget
€5,00 millionThematic Categories
- Research, Technological Development and Innovation
- Small-Medium Enterprises and Competitiveness
Eligibility for Participation
- Financial Institutions
- Large Enterprises
- Private Bodies
- Researchers/Research Centers/Institutions
- Services Providers
- Small and Medium Enterprises (SMEs)
- State-owned Enterprises
Call Opening Date
21/06/2022Call Closing Date
04/10/2022National Contact Point(s)
Research and Innovation Foundation
29a Andrea Michalakopoulou, 1075 Nicosia
P.O.Box 23422, 1683 Nicosia
Phone Number: +357 22205000
Email Address: support@research.org.cy
Website: https://www.research.org.cy/en/
Contact Persons:
Mr. Marinos Photiades
Scientific Officer
Contact phone: +357 22205048
Contact email: mphotiades@research.org.cy
Dr Charalambos Papatryfonos
Scientific Officer
Contact phone: +357 22205016
Contact email: cpapatryfonos@research.org.cy
(Publish Date: 11/02/2022-for internal use only)
EU Contact Point
Εuropean Commission, Directorate-General for Research and Innovation
https://ec.europa.eu/info/departments/research-and-innovation_en#contact
