Innowwide call for market feasibility projects

15/10/24

Deadline: 15 October 2024

About

Innowwide is funded by the European Union as part of the European Partnership on Innovative SMEs.

The programme supports innovative SMEs to assess the viability of their commercial or research ambitions for internationalisation in a target country. By participating, SMEs can conduct market feasibility projects for their innovative solutions over a six-month period, working with local organisations based in their selected target country (in Africa, Americas, Asia or Oceania).

SMEs can carry out a market feasibility project at different stages. For example, when exploring or developing an R&D project idea, or after a successful R&D project to understand whether their new product, process or service might be commercialised in targeted global markets.

Program

Practical info

Why Apply for INNOWIDE?

Financial Support: Up to €60,000 for market feasibility studies and international partnerships.
Global Reach: Expand into new markets outside of Europe.
Enhanced Competitiveness: Boost your innovation and market presence with EU support.

Eligibility Criteria:

SME Status: Must be an innovative SME established in an EU Member State or Horizon Europe Associated Country.
Project Focus: Must propose a Viability Assessment Project (VAP) for markets outside of Europe.
Partnership Requirement: Must involve a local counterpart (subcontractor) from the target country.
Project Duration: VAPs should be completed within six months.

How to Apply:

Review the Call for Proposals: Visit the INNOWIDE call page for detailed eligibility criteria and application requirements.
Prepare Your Proposal: Clearly outline your VAP, including market exploration plans and innovation potential.
Submit Your Application: Follow the guidelines on the website and apply by 15 October

Useful resources

EVALUATION CRITERIA

Excellence (threshold: 18/30):

Projects objectives, ambitiousness, and degree of innovation
Competitive advantage
Alignment with SME’s overall business strategy
Co-creation or technology adaptation

Impact (threshold: 24/40):

Market size
Impact on end user
Market access and risk
Societal, environmental, ethical and gender relevance, in particular, within the frame of Sustainable Development Goals (SDGs)

Quality and efficiency of the implementation (threshold: 18/30);

Capacity and role of the applicant SME and the main subcontractor
Availability of resources required
Realistic and clearly defined project management and planning
Reasonable cost structure