Entrepreneurship innovation encouragement

Acronym	Inno Wave
Project Number – MIS	5070630
Priority axis	1 - A Competitive and Innovative Cross-Border Area
Investment priorities	3a - Promoting entrepreneurship, in particular by facilitating the economic exploitation of new ideas and fostering the creation of new firms, including through business incubators
Intervention fields	066. Advanced support services for SMEs and groups of SMEs (including management, marketing and design services)
Call	6th CALL FOR PROJECT PROPOSALS
Lead Beneficiary	CENTER FOR PROMOTING ENTREPRENEURSHIP ASSOCIATION
Beneficiaries	REASEARCH ACCOUNT OF INTERNATIONAL UNIVERSITY OF GREECE RESEARCH AND INNOVATION AND DEVELOPMENT CONSORTIUM
Start Date	Apr 15, 2021
End Date	Jun 15, 2023
Budget	408.710,00 €
ERDF Contribution	347.403,50 €
National Contribution	61.306,50 €
Website	https://innowave-interreg.eu/en/

The project idea was born as an opportunity for joint overcoming of pressing problems in the field of entrepreneurship and business development in the CBR between BG & GR. The common challenges tackled by the project are:
- Difficulties in obtaining business finance: The funds finance priority sectors of the economy, certain activities and money do not reach all CB entrepreneurs. Banks also find it difficult to finance SMEs that do not have adequate collateral.
- Limited access to business know-how: For both countries – BG and GR the business model of self-development is typical. There is a lack of networks to support entrepreneurs in their businesses and sharing of know- how.
- Limited access to general information and contacts: Entrepreneurs in the border region suffer from a lack of enough information about other working companies with whom they can collaborate. They have no capacity for activities other than direct day-to-day operations.
-Lack of support services for developing competitive products-services: Entrepreneurs in the region are not able to pay for expensive external services to optimize their products/services. There are no ways and methods to develop new products/services that are competitive in the market.
-Lack of access regarding cost saving technologies: The lack of networks and organizations by type of economic sector determines the lack of know-how among SMEs. For this reason, the cost they achieve is high and does not allow them to reach competitive market levels.
- Lack of capacity to generate innovation: There is almost no connection between business and the scientific community.
During the project implementation events of different forms will be held, covering topics such as: research and innovation, technologies, management, marketing, law & standards, business financing, networking, Circular economy, etc. The project envisages the conduction of original events on a large scale including webbinars, distance interactive trainings, simulations of real market conditions and situations. An innovative feature of the project is the establishment of sustainable relations between the business sectors and scientific circles in the CB area. In addition, a web-platform for business support will be developed.

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