Published: 10.07.2019.
Deadline for Submission: 10.09.2019.
Project description:
The overall objective of this action is to provide hands on support in taking promising inventions in the Western Balkans to market. The project aims to facilitate the validation (prototype, demonstrator, etc.) and explore avenues for the commercialisation of technologies developed within Public Research Organisations (PROs) and SMEs in the Western Balkans. It will build upon the results of the existing EU4TECH action by providing a set of specific services that will enable local entrepreneurs and researchers to gain practical experience in technology transfer and maximise the potential of successful technology transfer deals in the region.
It should have as specific objectives:
- To foster and supporting the development of a healthy technology transfer pipeline in the region
- Provide early stage support that addresses the TRL4 3 to TRL 4 ‘gap’ (Proof of Concept and Validation) between traditional funding for innovation in public research organisations and funding provided by private enterprises
- To increase the capacity of researchers and intermediaries to identify a robust route to market and build a strong commercialisation strategy
- To contribute to the development of local business angel and venture capital investor base
- To encourage knowledge exchange and technology transfer across and beyond the region.
- To also understand what concrete measures could be put in place to facilitate the growth of technology transfer focused financial instruments such as equity investments.