Overview

Donor: European Commission (EC) - INV
Application procedure: Online Application
Donor base: Belgium
Reference number: I3-2023-INV2a
Eligible applicants: Non-Profit Organisation, Social Business
Deadline: 17.10.2023

Financial details

Grant size: Large - more than $1,000,000
Minimum grant size: 2.000.000€
Total available budget: 31.000.000€
Funding type: Grants
Maximum grant size: 10.000.000€
Funding ratio: up to 100%

Sectors

  • Capacity Building
  • Economic Development
  • Research, Technology & Innovation

Project Locations

  1. Europe

      Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia

Description

1) Objective

The overall objective of the Strand 2a call is to provide financial and advisory support for interregional innovation investments in shared and complementary smart specialisation areas along European value chains. An interregional investment is a combination of assets (time, money, effort, etc.) or items mobilised across borders with the view to generate income and/or to create future value for more than one region. It is a concrete concept to develop innovation and valorise available research results in a specific value chain. The development of the business and investment cases is facilitated by the regional innovation ecosystems with companies in the lead. I3 business investment cases have a minimum TRL 6 and have the ambition to facilitate demonstration and to accelerate market uptake and commercialisation.

The goal is to mobilise tangible and intangible investments in companies, in particular small- and medium-sized enterprises (SMEs).

  • To enable less developed regions to participate in EU value chains, contributing to cohesion policy objectives.
  • To link and align the bottom-up process centred on “entrepreneurial discovery” that involves interactions among quadruple helix actors to identify new regional technological domains and market opportunities with the EU priorities; and to bridge the gap between the supply and demand sides and help innovation ecosystems overcome market failures.
  • To provide support for companies (in particular SMEs) in building portfolios of interregional innovation investments in shared or complementary S3 priority areas; and to support the demonstration, market uptake and scaling up of mature innovations to be brought on the market.

2) Eligibility

In order to be eligible, the applicants (beneficiaries and affiliated entities) must be legal entities (public or private bodies).

3) Location

Actions must take place in EU member states.

4) Budget

The estimated total available call budget for 2023 is EUR 31 000 000. Project budgets (maximum grant amount) are expected to range between EUR 2 000 000 and EUR 10 000 000 per project, but this does not preclude the submission/selection of proposals requesting other amounts, if duly justified in the application.

5) Application

The application deadline is 17 October 2023 17:00:00 CET (Brussels). Proposals must be submitted electronically via the Funding & Tenders Portal Electronic Submission System (accessible via the Topic page in the Search Funding & Tenders section). Paper submissions are NOT possible.

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