ACCELERATOR Developing accelerators to provide better access to innovation finance for SMEs

Innovative SMEs in all participating regions of ACCELERATOR are hindered by access to equity particularly in their early stage development. Thus ACCELERATOR engages in exploring and piloting the innovative path of acceleration programmes (a new type of investment readiness programme) towards improved business support in the Danube region. ACCELERATOR’S main objective is to enhance access to innovation finance through improving the institutional framework conditions and related policy instruments by developing the practical solution of acceleration services and influencing the concerned strategic framework at partner’s regions and programme level. The primary target group is SMEs in need of capital but lacking skills to acquire it. Secondly we target business support organisations at which new and improved acceleration services will be bedded and we link these organisations through a Danube-region transnational network.  Third we concentrate on integrating equity financing institutions in regional innovation ecosystems. Last the integration of the public sector is highly relevant for us due to increasing attention to equity programmes from ESIF sources. Our approach has strong transnational dimension: beyond the transnational network mentioned above, regions with well performing innovation systems and partners with successful acceleration schemes will assist weaker regions or partners with limited experience, in addition joint actions will be triggered. ACCELERATOR results in introduced acceleration programmes at less experienced partners and improved acc. programmes at experienced partners. This embodies ACCELERATOR’s expected change defined as higher number and better acc. services. The partnership actively integrates public bodies to channel joint policy recommendations on facilitating the spread of acceleration services and works out a joint strategy on the promotion of acceleration services and on their integration in ESIF measures in the Danube region.

Developing accelerators to provide better access to innovation finance for SMEs
Start date
01-01-2017
End date
30-06-2019
Budget in Euro
Overall: 1966163,42
ERDF Contribution: 1359291,64
IPA Contribution: 311947,23
ENI Contribution: 0
Call number
Call 1
Priority
Innovative and socially responsible Danube region
Specific objective
Improve framework conditions for innovation

Library

Filename Date of upload
Output 3.3 Startup Accelerator Guide 10-05-2018 14:48:02
Output 3.2 Demand Supply Sumreport 10-05-2018 14:47:09
Output 3.1 Policy Framework Summary Report 10-05-2018 14:45:20
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Project Partners

Name Type Email Country
Széchenyi Venture Capital Fund Management Ltd. Lead partner kiraly.gyongyi@szta.hu Hungary
Association of Small- and Medium Size Enterprises of Covasna County ASIMCOV ERDF partner asimcov@asimcov.ro Romania
Technology Park Ljubljana Ltd. ERDF partner Mojca.cvirn@tp-lj.si Slovenia
Institute for Entrepreneurship Research ERDF partner jure.verhovnik@irp.si Slovenia
Technology Center Sofia Ltd. ERDF partner office@technologycenter.bg Bulgaria
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Project News

  • ACCELERATOR - ALBA ACCELERATOR HAS COMPLETED ITS LATEST ROUND IN HUNGARY
    - 29-12-2018
    ALBA ACCELERATOR HAS COMPLETED ITS LATEST ROUND IN HUNGARY

    Alba Accelerator, the Hungarian pilot of the ACCELERATOR project run and managed by Central Transdanubian Regional Innovation Agency (CTRIA) with the support of Széchenyi Venture Capital Management Ltd. (SZTA) has successfully completed its...

  • ACCELERATOR - 2ND PILOT OF DEXIC ACCELERATOR
    - 29-12-2018
    2ND PILOT OF DEXIC ACCELERATOR

    The second pilot of the DEXIC Accelerator will take place from 1st of April to 10th of May in the Czech Republic. Recently, DEX Innovation Centre started a digital promotional campaign and opened the applications as well.  Nowadays, DEXIC...

  • ACCELERATOR - ACCELERATOR - 8TH WORKING GROUP MEETING IN LJUBLJANA
    - 29-12-2018
    ACCELERATOR - 8TH WORKING GROUP MEETING IN LJUBLJANA

    At 29-30th November 2018, the partnership held its 8th Working Group meeting in Ljubljana, Slovenia. The scheduling of the meeting was as follows: Partners shared their experiences of the 2nd round of their pilots on WP4 Pilots (Activity 4.2)...

  • ACCELERATOR - THE SECOND PILOT OF ACCELERATOR HAS STARTED IN SOFIA
    - 29-12-2018
    THE SECOND PILOT OF ACCELERATOR HAS STARTED IN SOFIA

    The second pilot of Accelerator North-West Bulgaria, executed by Technology Centre Sofia, started successful on the weekend of 08-09 December. All 12 selected start-uppers (5 singles and 7 teams) actively participated in the...

  • ACCELERATOR - 2ND ROUND OF ACCELERATOR PILOT BY ASIMCOV
    - 29-12-2018
    2ND ROUND OF ACCELERATOR PILOT BY ASIMCOV

    Between September – October 2018 ASIMCOV implemented the improved version of the Accelerator Pilot program, involving more experts from all around the country. From 11 selected startups 10 finished the program and 7 ideas were presented at the...

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