Fostering economic growth and development, while ensuring that natural assets continue to provide the resources and environmental services on which prosperity relies, is no more a choice but an imperative for the economic and social future wellbeing of people. Although green transition will not take off without financing and assure the financing of innovation in
green sectors has become a common concern for all MED countries and regions. To answer this challenge, a pool of regions, clusters, business support organisations, knowledge providers and development agencies joined in the finMED project, whose aim is to boost the financing of innovation in green growth sectors through improved delivery of policies and strategies and the
introduction of innovative cluster services.
The project delivers concrete outputs and results in three fields:
1- Public policies delivery, by developing and adopting new concepts, principle and practices to finance green growth
2- Innovation and business environment, by improving interaction and collaboration (at regional and transnational level)
among involved stakeholders and bridging the gap among enterprises and financers;
3- Green sectors capacities, by stimulating and actively supporting their adaptability to the most impellent financing
finMED also develops a proper specific position on the future of green sectors innovation financing, supporting the policy debate for 2021-2028 programming period in MED and EU area.
- Project context: Regarding the policy dimension, finMED ambition is to improve the delivery of green growth regional policies and strategies.
They actually cover a wide spectrum of fields: green economy, emission reduction, SMEs competitiveness, innovation and
clusters, etc., and they all share the need to stimulate and actively support the adaptability of green sector systems to the
financing challenges of the coming years.
- Studying and transferring: It gathers, elaborates and delivers knowledge for the main finMED target groups: public authorities, clusters and other business support organizations, sectoral agencies, higher education and research institutions, enterprises/SMEs. Offer learning opportunities and increase capacities necessary to exploit mechanisms and solutions for financing innovation in green sectors by public and private actors.
- Capitilising: Reinforce, empower and increase coordination among clusters/business support organizations and public authorities in their efforts of assuring access to finance to green sectors companies.