P1 Competitive economy
1.1. New Central Baltic knowledge intensive companies
01.10.2015 - 30.09.2018
€1 101 851
ENDED_The BELT project creates new joint Central Baltic companies and cooperation between start-ups in the Central Baltic region. The project develops joint and cooperating business opportunities under the theme of “Smart City”, which is a priority at the EU-level and many regional innovation policies to support cross-sectoral smart innovations.
BELT strives to attract entrepreneurship-oriented, already experienced and talented students as well as potential start-ups to the project incubator activities through relevant networks, platforms and university road shows in the partner locations. BELT organizes joint business development BootCamps and coaching for students and start-ups to develop and commercialize their business ideas and to look for additional team members across borders. Additionally, a coaching network will be created to offer business coaching for the established joint teams and best co-operating business ideas from the BootCamps to help them find seed funding for their businesses.
The project will result in at least 5 joint and 10 co-operating knowledge intensive enterprises. The project will support 30 new knowledge intensive enterprises in the Central Baltic region.
Partner budget: 224.085 EUR
Amount of ERDF funding: 168.064 EUR ERDF
Innovaatio Oy Uusi Tehdas
Partner budget: 272.000 EUR
Amount of ERDF funding: 204.000 EUR ERDF
Laurea-ammattikorkeakoulu/Spinno Enterprise Center
Partner budget: 220.200 EUR
Amount of ERDF funding: 165.150 EUR ERDF
PULSE HUB/Demola Latvia
Partner budget: 16.870 EUR
Amount of ERDF funding: 14.340 EUR ERDF
Rīgas Tehniskajā universitātē
Partner budget: 153.743 EUR
Amount of ERDF funding: 130.681 EUR ERDF
Tampereen kaupunkiseudun elinkeino- ja kehitysyhtiö Tredea Oy
Jūrmalas pilsētas dome
BELT - start-ups in the Central Baltic region
The BELT project improved start-up culture within the Central Baltic region in various ways. For instance, four BootCamps were organised under the Smart City theme in Jurmala, Helsinki, Norrköping and Tampere. In total, 86 start-ups or teams participated in them, along with individual business ideas.
Although no international joint companies were created, one regional start-up was born with the help of the project. Co-operation between start-ups was active with 15 projects partaking. Co-operation took place e.g. through utilising contacts from other start-ups, gaining information about regional markets and exchanging feedback with each other.
BELT coaches and mentors gave many consultations and during the project, a network of coaches, start-ups and teams was established.
Project targeted to support 30 new enterprises and 30 existing enterprises. The target was reached and support was given altogether for 47 new enterprises and 47 existing enterprises.
Findings and best practices from the BELT project mare gathered into a Coaching Manual.
- Improved start-up culture in the Central Baltic area
- Network of coaches, start-ups and teams
- Support to new and existing enterprises