BlueInvest Fund boosts SMEs specialised on sustainable solutions in blue economy

The European Maritime and Fisheries Fund supported the sustainable development of the blue economy SMEs across the European Union with an overall budget of 22,5 M€ in its 2019 call for proposals. The BlueInvest Fund addressed the challenge of developing and bringing to market new products, services, and business models for early-stage businesses, SMEs and scale-ups. The next BlueInvest call 2020 with a budget of 20 M€ is planned to be published later this autumn with a deadline in mid-January 2021. Is your company ready to tackle the new opportunities enabled by the European Maritime and Fisheries Fund? Find out how Spinverse can help you get ready for the upcoming funding opportunity!

Does your company operate in the areas of renewable energy from wind and waves? Are you perhaps developing innovative solutions to monitor or clean-up the pollution in the seas or ideating sustainable solutions for cleaner shipping? Do you have new ideas to promote blue bioeconomy by capturing living materials from fresh or saltwater? If these examples resonate to you, it might be useful to get started with your project preparations for the upcoming Blue Economy call, anticipated to open in the second half of 2020 and closing in mid-January 2021. Spinverse experts can help you to evaluate your growth potential and work on your strategic business plan, increasing your chances to generate a winning proposal in the November call.

Opportunities of the blue growth strategy

Blue Growth of the European Union refers to the long-term strategy to support the sustainable growth in the marine and maritime sectors from an overall perspective. Seas and oceans drive the European economy and are actual underwater goldmines of innovation and growth. The strategy consists of three components which may all offer a host of opportunities for innovations funded through the BlueInvest Fund:

1. Development of sectors with potential for sustainable jobs and growth (e.g. aquaculture and ocean energy)
2. Essential components to provide knowledge and security in the blue economy (e.g. marine knowledge and integrated maritime surveillance)
3. Sea basin strategies to ensure tailor-made measures and to foster cooperation between countries (e.g. Baltic Sea).

Maria Papina, Director at Spinverse says: “The grants by the BlueInvest Fund generally support projects that demonstrate innovation in the blue economy and display high potential in competitiveness and growth. This is an excellent opportunity for early-stage SMEs operating in this sector and we are looking forward to help our customers with this new call.”

Do you want to talk to our experts about your company’s blue growth? Book your free 30-minute consultation today to find out how we can help you get ready for the next BlueInvest call!