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.
Project Fact sheet:
Start date: 0-01-2017
End date: 30-06-2019
Overall budget: 1 966 163,42 Euro
ERDF contribution: 1 359 291,64 Euro
IPA contribution: 311 947,23 Euro
Priority: Innovative and socially responsible Danube region
Specific objective: Improve framework conditions for innovation
The Kick-off event, titled "Towards improved business support for SMEs in the Danube Region" of Developing accelerators to provide better access to innovation finance for SMEs (Accelerator) project took place on 20-21 February 2017 in Sfantu Gheorge, Romania.
ACCELERATOR has built a strong, balanced and versatile partnership to be able to realise the project objectives. The LP (SZTA) brings in the perspective of the equity financing organisations and a vital knowledge on financial instruments in ESIF funds. The LP is keen to see around potential SME targets to invest in and is able to formulate the entry requirements for SMEs. CTRIA (HU) adds its valuable network with innovative SMEs offering candidates for acceleration. Both CTRIA and SZTA are learning partners in terms of acceleration services. Brainplus from Styria is an experienced partner in innovation management, entrepreneurship, incubation, acceleration, start-ups and will share its experience with and provide mentoring for other partners. Similarly, TPLJ covering West Slovenia has solid track record in incubation and acceleration. IRP brings in a precious pool of innovative SMEs from East Slovenia and is managing the successful programme of Startup Maribor. ASIMCOV has precious experience in acceleration programmes and brings in the approach of and active civil organisation in the field. DEX IC from Czech Republic and TCS from Bulgaria have proven experience in innovation management and a network to lots of innovative SMEs but are newcomers in the field of acceleration programmes. DAS as national development agency is experienced in providing various financial and non-financial support to SMEs in Serbia and is well-positioned to offer acceleration-type services. RARS brings in comparable experience from Bosnia and Hercegovina and as a government institution strengthens the involvement of public bodies. Similarly, Ministry for National Economy (HU) as ASP contributes with its public sphere experience. All 5 ASPs of the partnership have a strong policy profile