24 Nov SmartUp Accelerator
The European Institute for Innovation has been successful in the Interreg Baltic Sea Region Programme. The EIfI will participate in the project SmartUp Accelerator. This project is targeting innovation ecosystem intermediaries that want to strengthen their innovation capacity in relation to the promising field of consumer cleantech. The focal point of cleantech is traditionally in industrial solutions that spring from innovations in the process industry sector. Now the situation is changing, as cleantech startups emerge in consumer markets. Meanwhile the growth logic of cleantech companies is changing, as a greater amount of companies start addressing the challenges and opportunities presented by resource scarcity, rising energy and fuel costs, digitalisation, automatisation and user-centered design. This is what the project calls consumer cleantech. The EIfI is prepared to tap this huge business potential and help in developing it across the BSR. The main project result is the identification, creation and branding of an impactful and continuous BSR consumer cleantech innovation ecosystem which increases its innovation actors‘ capacity.
The project implements actions and models for networking and cultural cooperation, training programmes for intermediaries, SMEs and start-ups. It creates strategic and operational long-term partnerships with relevant organisations and stakeholders that strengthens knowledge and awareness of consumer cleantech within the innovation and investor scene.
The activities will be tailor-made to meet the needs of the consumer cleantech sector, which is expected to offer great business opportunities in the immediate future. The time is right for the traditional cleantech to expand towards lifestyle related innovation and “smart-up acceleration”. The long term aim is to help the Baltic Sea Region to become and stay a front-runner in sustainable innovation and entrepreneurship through improvements in its innovation ecosystem.
Chris Ashe, Director of EIfI said “this is a fantastic project and credit goes to the EIfI team, especially Benjamin Daumiller in making the proposal a reality. I know that there are some great opportunities to be gained from this concept and I am confident that the EIfI shall play a key role in successfully providing the projects results, both post project and long term”