P1 Competitive economy
1.1. New Central Baltic knowledge intensive companies
Archipelago and Islands
01.10.2016 - 30.09.2019
€1 638 511
€1 228 883
The project Archipelago Business Development, also knows as Archipelago business development, aims at developing new business models in the archipelago by forming partnerships between entrepreneurs and start-up companies in Finland (including Aland Islands) and Sweden. The project also aims at exchanging knowledge between existing businesses and new potential entrepreneurs.
Existing businesses’ start-up expertise, paired with coaching techniques and the “Loopa”-method models for cross-border business development, will be used to educate and support entrepreneurs and business-counselling services. Students will be involved in co-coaching companies, internships, projects and thesis-work. The project will also organise international seminars to stimulate networking, knowledge-sharing and business development involving key stakeholders. The use of digital technology will result in the creation of platforms and applications to support cooperation in partnerships, business activities, sales channels and recruitment pools.
The target is to develop 10 new business models for existing companies through diversification, new seasonal solutions or cross border cooperation. A minimum of 60 existing SMEs will take part in the development process and we expect to trigger the creation of five new startup businesses.
Yrkeshögskolan Novia / AB Yrkeshögskolan vid Åbo Akademi
Partner budget: 560.698 EUR
Amount of ERDF funding: 420.524 EUR ERDF
Partner budget: 341.869 EUR
Amount of ERDF funding: 256.402 EUR ERDF
Partner budget: 368.450 EUR
Amount of ERDF funding: 276.338 EUR ERDF
Partner budget: 367.494 EUR
Amount of ERDF funding: 275.620 EUR ERDF
By raising the level and scope of skills in SMEs the level of knowledge increases. Furthermore a possibility to enter new markets with greater variety and greater capacity will be opened. This contributes to a longer season for small business owners who previously have worked in a limited area for a part of the year and creates possibilities for starting new businesses .
The intergenerational teams that are established in the project will increase the level of knowledge when older generations contribute with their experience, knowledge and network, and younger generations come with new knowledge, new methods, tools and innovative thinking. The project will increase the knowledge and capabilities of young entrepreneurs to dare to take over or start new businesses in the archipelago, which increases the attractiveness and facilitate recruitment in the area.
Internships, theses and evaluation will in various ways contribute to stimulation by finding new business opportunities, services and models of cooperation. Digital platforms and marketplace for matching needs and demands will be developed and implemented. Various support functions and Drivhuset´s LOOPA-method will be used to enhance the creation of new business models.