Description
Funding Atlantic Network for Blue Economy Technology Transfer
A COMMON CHALLENGE
The Atlantic Area business environment is composed mainly of SMEs whose innovation capacity is undermined:
– DISCONNECTION BETWEEN THE BUSINESS ENVIRONMENT AND THE INNOVATION SYSTEM and lack of knowledge from both sides: market agents regarding the lines of research and its results and research centers about the market and business potential.
– DIFFICULTY for the Atlantic Area companies linked to the maritime economy TO ACCESS EXTERNAL FINANCING to undertake innovative projects and developing value products.
This factor can block their possibilities of growing, to move forward to the “scaling-up phase” and to become more competitive on a global market.
THE PURPOUSE
FANBEST is aimed to foster the technology transfer to SMEs in blue biotechnology and exploitation of marine resources by creating a network of public and private entities focused on the fund raising that make possible the start and scale-up phase. Funds such venture, business angels, participatory loan or crowdfunding will be offered by tools and services, so that the technologies and innovations “made in Atlantic regions” can reach the market turned into successful business projects.
TOTAL
INVESTMENT
2.662.506,05€ >>
European Regional
Developtment Fund
1,996,879.56 €
National
match-funding
+ 665.626,49€
Start date: 2019-01-01 / End date: 2023-06-30