Elevating the scalability of European business

Application is open for Elevating the scalability potential of European business (2022.2) (HORIZON-EIE-2022-SCALEUP-02). In today’s competitive landscape, innovative companies thrive through the support of an ecosystem that provides additional capabilities, data, customers, and knowledge. Network connectivity within and between innovation ecosystems greatly contributes to sustainable business growth with high societal value. An ecosystem focused on the meeting concrete needs of companies helps them to stimulate their expansion at the European and global level and leads to accelerated growth. This destination aims at strengthening and expanding cooperation between innovation players to better support the next generation of innovative companies whose solutions will lead the shift toward a more competitive EU and a more sustainable, inclusive, and resilient world.

The actions of this destination will help innovation ecosystems to support companies to better sustain their growth and gain new competitive advantages. Besides stronger innovation performance, increased competitive sustainability, and more rapid transitions to a green and digital society, ecosystem integration can provide companies with access to new markets and customers and contribute to disruptive strategies. By being actively engaged in their local, national, and European networks, companies can increase their overall growth potential.

Eligibility

Proposals for topics under this destination should set out a credible pathway to contributing to elevating the scalability potential of the business, and more specifically to one or several of the following impacts:

• Enhanced network connectivity within innovation ecosystems by reinforcing their capacity to support existing and emerging innovators and companies;
• Strengthened and expanded cooperation between innovation ecosystems worldwide;
• More inclusive and gender-equal innovation ecosystems.

Project results are expected to contribute to all of the following expected outcomes:

• Increased access to capital and investments in less connected innovation ecosystems, enhancing their openness, competitiveness, and global potential;
• Increased venture investments and enabled late-stage growth of local start-ups in less connected and developing innovation ecosystems;
• Facilitated investors’ access to the flow of local deals;
• Improved investors’ knowledge on regulatory frameworks and networks to support joint cross-border ventures in new markets.

Best Business Plan for Entrepreneurs

Benefits

The action supports co-designed programmes of activities, of at least two (2) years, proposed by business acceleration service providers and/or investor networks and clubs, located in less connected innovation ecosystems (‘modest’ and ‘moderate’) and innovation hubs (‘strong innovators’ and innovation leaders’)^[1], to facilitate the entry of funders in less connected innovation ecosystems through activities, for example:

• market orientation / introduction programs for European investors, including the establishment of central points of information for foreign investors providing them with knowledge on the ecosystem’s establishment conditions, incentives, tax, and legislation;
• assistance to foreign EU and international investors / Venture Capitalists, including women investors, during the whole process of investment, from the pre-entry stage until the exit, by ensuring support in administrative, legal, linguistic, and cultural issues;
• organisation of European and worldwide international business forums, conferences and events to attract and connect international with local investors;
• peer-matching of investors and other networking activities to encourage joint ventures;
• a repository of best practices of market entry facilitation for international investors;
• a list of recommendations for local authorities and European regulators to better address investors’ entry challenges and facilitate cross-border deals.

Application process

To apply for Elevating the scalability of European business click here

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