Call for European innovative SMEs and start-ups conduct Viability Assessment Projects in markets outside of Europe (INNOWWIDE) - Brazil and Mexico as destinations

Via Enrich in Brazil

Call open for INNOWWIDE – Viability assessment of collaborative and INNOvative business solutions in WorldWIDE markets.

INNOWWIDE is a Horizon 2020 project that aims to fund at least 120 European innovative SMEs and start-ups to conduct Viability Assessment Projects (VAPs) in markets outside of Europe.

The INNOWWIDE pilot call intends to bring European highly innovative SMEs to the forefront of international markets by opening two calls that will allow them to conduct Viability Assessment Projects (VAPs) in cooperation with local stakeholders. It will, then, create the conditions to increase the uptake of European innovative solutions in markets outside of Europe. The VAP lasts no longer than six months.

Two calls will be implemented with a total budget of 7,2M€, allowing to fund 120 VAPs (60k€/VAP), and targeting markets of developing countries, large emerging economies (Brazil, Russia, India, China, Mexico) and developed countries with the same allocation for each of these three country categories.

Applications for VAPs will be opened on April 1st, 2019. 

Here are already some the key facts: 

WHO CAN APPLY: 

1. SMEs, including young companies and start-ups, from any sector looking to compete and start business in new and emerging markets around the world.
2. The beneficiary has to be an “enterprise” (business corporation, cooperative) engaged in an economic activity (selling products or providing services on the market at a given price). Newly established enterprises (start-up companies) or companies without economic activity (but expecting to enter soon into the market) may also qualify as SMEs.
3. Self-employed, partnerships and associations or any other entity different from the above mentioned will not be eligible.
4. The beneficiary must be established in an EU Member State or a Horizon 2020 associated country (see annex) and meet financial viability criteria specified in INNOWWIDE guidelines
5. The beneficiary must commit to establish project financial accounts and to report to the INNOWWIDE consortia of the execution and the results of the VAP.

HOW TO APPLY

1. Go to the INNOWWIDE website (www.innowwide.eu) and click on Apply for Funding under VAP Application and Guidelines.
2. Complete registration form and follow instructions to set up an account
3. Complete all sections of the application form (including the SME self-assessment, the Ethics self-assessment and the Financial Information) and submit by 31 May 2019 at 17.00 CET.
4. You will be contacted with the results of your application by 01/10/2019 at the latest.

FUNDING CONDITIONS

The budget available for this call is 3,000,000 €. Each approved VAP will receive a fixed grant amount of €60,000, representing a maximum of 70% of total eligible project costs, which should be a minimum of €86,000. 50% will be disbursed at the beginning of the project. After 6 months, the beneficiary will be required to submit a VAP final report. Following approval of this report, the remaining 50% will be paid.

Stream the below recorded webinar which explains the framework conditions of the call and the funding: