Profis - Promotion of Financing Innovation in South-East Europe
Start date: 1 January 2013
Finish date: 31 December 2014
PROFIS project is an initiative financed by South East Europe (SEE) Transnational Cooperation Programme.
PROFIS aims at developing new capacities and capabilities in the SEE regions to facilitate investment in knowledge transfer and start-ups and strengthen cross-border matching of innovative firms with suitable investors. Project partners are organisations active in the field of innovation promotion at regional or national level, heading towards the creation of a network built to facilitate transnational technology transfer and business projects funding. The project should contribute to regional economic development and innovation policy setting by identifying challenges, making good practices visible and suggesting options for solutions.
- Bay Zoltán Nonprofit Ltd. for Applied Research - Hungary; Lead Partner
- Universitas – Győr nonprofit Ltd. – Hungary
- Inova Nova – Slovakia
- Friuli Innovazione Research and Technology Transfer centre – Italy
- TP-LJ Technology Park Ljubljana Ltd. – Slovenia
- Styrian Business Promotion Agency – Austria
- National Institute for Research and Development in Electrical Engineering ICPE-CA – Romania
- Varazdin County Development Agency – Croatia
- Chamber of Commerce and Industry of Banja Luka Region – Bosnia and Herzegovina
- Uzice Regional Chamber of commerce – Serbia
The project provides a state of the art analysis of existing funding opportunities in all participating countries and make a cross-country analysis.
PROFIS identifies demands for business services to facilitate these activities, develops, introduces and tests new services. Special attention is given to the promotion of female entrepreneurs. PROFIS organises national competitions in 9 countries in year 2014, 3 innovative project winners at national level and 5 at SEE level will be selected and awarded, while service providers will test their new capacities.
Main expected results: 135 investment proposals prepared for negotiation with investors; 360 individuals and firms directly benefiting from the services provided by the project; 4 new innovative products developed and tested by the project (2 training materials on promoting innovation financing, training material on facilitating female inventors in SEE, and net-based tool for promoting match-making of local SEE inventors and global investors); 9 country policy reports and 1 cross-country SEE report on financing early stage innovative projects (status and policy recommendations)