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While Spinverse Innovation Challenge allows the large companies looking for new ideas to find truly out-of-the-box solutions for their business challenges, the participating teams gain good opportunities to access concrete co-development projects with industry leaders.
European Commission shifts into high gear in its popular funding scheme for small and medium-sized enterprises. Preparing for Horizon Europe, the upcoming ninth framework programme for funding innovation, the European Innovation Council is rolling out the Accelerator Pilot during 2019 and 2020. Combining grant and equity funding, the EIC Accelerator Pilot replaces the SME Instrument Phase II with its first cut-off on October 9th. The SME Instrument Phase I, the 50,000 € grant for a feasibility study, will no longer be available after the September 5th cut-off.
The possibilities of EU funding - case example of a success story.
EU Breakfast seminar: In just 1,5 hours, learn if your company could receive funding. At the same time you will learn how the SME instrument will change in the beginning of 2018 and how this will affect you. After the presentations, you have the possibility to discuss your potential for EU funding with experts and go through already existing project ideas.
Into is a new funding service offered in Finland by Tekes, the Finnish Funding Agency for Innovation, to boost the international growth of SMEs. It provides the SMEs opportunities to strengthen their innovation competencies in order to grow into international markets.
SME Instrument has gained great first results, proving its worth in the European innovation ecosystem, stated European Commission's report "Accelerating Innovation in Europe". The SME Instrument is EU’s first research and innovation funding programme for high potential and high risk disruptive innovation in single SMEs. Part of Horizon 2020, the 80 B€ funding program is targeted for small and medium-sized businesses with high growth potential and global ambitions.
The European Commission has announced the first results of its new SME Instrument, launched under Horizon 2020 to help innovative small- or medium-sized companies get their ideas to the market. Aurelia Turbines Oy is one of the Finnish SME’s to receive funding from a highly competitive field of innovative European companies from which funding was granted for fewer than 6% of the applicants. Spinverse Oy assisted Aurelia Turbines in selecting the most suitable funding instrument and helped to prepare the application.
Many Finnish companies miss an opportunity to get EU funding because Finland lacks a national strategy to support this.
The present year's Slush happening was a demonstration in force for Finland. 5000 people attended, 1000 companies, 100 billions worth of capital investors as well as domestic and foreign celebrities ranging from the President of Estonia to Miss Finland.
Innovation Mill commercializes large corporation’s unused innovations that are not within the core of their corporate strategy. The accelerator started as cooperation between Nokia, Tekes and Technopolis and during the four years of operation it has created 74 new companies and 650 new jobs.