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.
Viability Assessment Projects (VAPs) are a comprehensive, balanced and coherent set of preliminary technical, market, legal and socioeconomic assessments intended to validate the viability of international, innovative businesses solutions along emerging global value chains.
They should identify and assess key framework conditions that may favour or block the effective deployment of collaborative solutions and models in target third countries.
VAPs also include a refined and viable definition of such business solutions and models, together with their implementation strategies.
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.
