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

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    - 29-06-2018
    ALBA ACCELERATOR - the Hungarian pilot program

    Under the direction of the Central Transdanubian Regional Innovation Agency and with the professional assistance of the Szécheny Venture Capital Fund Management Ltd a start-up supporting mentor programme called „Alba Accelerator” was launched in...

  • ACCELERATOR - DEXIC Accelerator - the pilot program in the Czech Republic
    - 29-06-2018
    DEXIC Accelerator - the pilot program in the Czech Republic

    In the Czech Republic, 12 promising ICT startup teams took part altogether in 2 acceleration schemes organized by DEX Innovation Centre – DEXIC BootCamp (3-day intensive acceleration programme) organized in March 2018, and DEXIC Accelerator...

  • ACCELERATOR - ICOrelator - the pilot program of Slovenia
    - 28-06-2018
    ICOrelator - the pilot program of Slovenia

    ICOrelator, an accelerator program for future ICO campaigns, set place in Ljubljana and accepted 10 teams. Slovenia is a leading nation regarding blockchain technology, cryptocurrencies and initial coin offerings (ICOs). Therefore, we managed to...

  • ACCELERATOR - Business plan competition of FH-Joanneum
    - 28-06-2018
    Business plan competition of FH-Joanneum

    At the business plan competition of FH-Joanneum in Austria the three best ideas were awarded with vouchers of the city of Kapfenberg. In the program the already founded company "Pfotenzauber" was voted on the first place. The project is a...

  • ACCELERATOR - Accelerator pilot program in Bulgaria
    - 28-06-2018
    Accelerator pilot program in Bulgaria

    The pilot program of the project started with 11 participants by the Technologycenter Sofia Ltd.. In the start-up phase 2 participants had to quit because they realized that their idea was not yet mature enough for participation in this project....

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Programme co-funded by European Union funds (ERDF, IPA, ENI)