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finMED: Boosting the financing of innovation for green growth sectors through innovative clusters services in the MED area

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
strategies;
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
challenges.
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.

Results:

  • 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.

 


Duration
01/02/2018 - 31/01/2022
Budget
341.190,57€

85% European Regional Development Fund (ERDF) / 15% National Funding

Acronym
finMED
Partners
-- Head Partner --
University of Turin - Department of Management (UNITO)

Andalusia Technological Corporation (CTA), Autonomous Region of Sardinia – Industry Department (RAS), CERTH, Chamber of Craft and Small Business of Slovenia (CCSBS), Collectivity of Corsica (CTC), Ea éco-entreprises (EA), Environment Park (ENVIPARK), Gozo Development Agency – Gozo Regional Committee (GDA), Larnaca and Famagusta Districts Development Agency (ANETEL), Piemonte Region – Directorate Financial Resources and Assets (PIEM), Regional Fund of Western Macedonia, Sarajevo Economic Region Development Agency (SERDA), University of Algarve - Division of Entrepreneurship and Technology Transfer (UAlg), Valencia Institute for Business Competitiveness (IVACE)

Program



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