Project result in category -
Joint knowledge intensive enterprise

Springboard established 14 co-operating and four joint companies

Springboard met and exceeded its result indicators. Great cross-border business teams were established and cooperative and joint companies were registered. The jointly designed and implemented cross-border cooperation model worked well and formed a sustainable formula for future start-up development. In total, 14 co-operating and four joint companies were established.

Cross-border cooperation was used to learn about the capabilities and strengths of the partnering areas as well as the local needs. Project activities were implemented in parallel in all participating countries, using interactivity and streaming where possible. Kick-off events and demo days as well as business -to-business matchmaking were organized in cooperation between the partners to foster the cooperation between start-up teams and participants from all countries.

Springboard accelerator programmes were arranged in parallel in all three participating cities Turku, Tallinn and Riga to bring interactivity to the programmes. Each acceleration programme started with joint kick-off event followed by ten weeks of training programme. After that, the teams from each country came together for Demo Day and pitching competition to show their progress.
In addition, cross-border mentoring was put into practice during the accelerator program by producing an electronic mentor pool and giving the mentors possibilities to travel and meet the teams cross-border. Business-to-business matchmaking events were arranged in all participating cities and International mentors had coaching meetings with the accelerator teams. Each of 81 participating teams was offered several mentoring meetings to support developing their idea and starting the company.

The project helped to internationalise the learning process and accelerate active communication between the team members. For reinforcing the transition of business ideas to viable start-ups, the universities and business development organisations worked closely together to foster cross-border cooperation in the early stage of business development.
Based on the experience from the successful acceleration programme, a Startup Manual was published to provide information for starting businesses.
 

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At a glance
  • In total, 14 co-operating and four joint companies were established.
  • The project helped to internationalise the learning process and accelerate active communication between the team members.
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