Funding Resources for innovation in Energy Enterprise Development

Programme 2014 - 2020 INTERREG VB Northern Periphery and Arctic

Date of latest update: 2023-11-16

Description

Description (EN):

FREED will develop a new service, by the means of which SME’s in the region can access innovation in energy technologies otherwise not be available within the NPA region. FREED will also facilitate the transfer of technology innovations to SME’s across the area, so that the outputs of the project will widely benefit the region. It will achieve this because it provides a unique access private investment, which is the key determinant of success in stimulating innovation. This partnership offers something that will not be available to any other project offered to the NPA by virtue of its access to private investment, and is also unique in being integrated with existing innovation programmes. FREED enhances these without in any way duplicating existing programmes, and this capacity is acknowledged in letters of support. Thus FREED offers NPA the unique capability of attracting innovation to the region, as a result of the practical commitment to funding evidenced through the partnership. There is already clear connection with innovations developed by Sustainable Ventures in London, covering energy storage, electric vehicle hire, and provision of journey data, some or all of which could be made available to SME’s in the NPA region in the right circumstances; all of which will be of benefit to NPA communities; and which will be of benefit to enterprise and job creation. Other innovations in energy are already on the radar with the partnership making this application – but are not available to SME’s in the NPA region currently. In this way, FREED can enhance existing innovation programmes within the NPA region, which lack this power to attract innovation from outside the region and, as such, is a precise fit for the objectives of Priority 1.

Website: http://www.interreg-npa.eu/

Expected Results (EN): Degree of collaborations between SMEs and R&D

Expected Outputs (EN):

The main project result will be development of SME business innovation in the NPA region, serving the needs of the NPA communities throughout the region with particular (though not necessarily exclusive) reference to energy sectors. FREED is designed to improve the innovation environment within the NPA Region and encourage more outward-looking attitudes towards innovation across the region. •It will introduce innovations not otherwise available to the region. •It will attract entrepreneurs who would not otherwise seek to do business in the region. •It will stimulate private investment in the region’s economy which would otherwise be made in other regions Partner 4, Green Angel Syndicate, is already making investments in energy innovations, but all are outside the NPA region. Its pipeline includes companies which are seeking investment for innovations that could be useful for the NPA region, and could be encouraged to open up markets in the NPA region, as well as transferring enterprise creation to the NPA region. Sustainable Ventures, for example, an Associate Partner in the project, provides access to at least 3 innovations that are already available to the partnership. FREED makes this possible, where currently there is no adequate support for the entrepreneurial acitivity. FREED will achieve this by means of a practical programme that achieves the following results: Innovations introduced to the partner regions: 30 reviewed, of which 6 will be selected Innovation transfers to SME’s in the partner regions: 6 transferred to 5 partner regions = 30 transfers Commercial development plans to introduce products new to the market: 30 plans Business plans to introduce products new to the firm: 30 plans Enterprises receiving support: At least 6 in each of 5 partner regions = 30 enterprises The Work Programme is designed to work with existing innovation programmes and local SME’s and indeed to create new SME’s to deliver energy innovations for target groups that include the market sectors in the NPA Regions that are most in need of innovation, especially relating to energy . In other words, these are stakeholders (SME’s) belonging to different categories such as commercial, trade, public bodies, leisure and tourism, as well as local Chambers of Commerce, Economic Development Agencies, and residential; all of which are affected by the problems of accessibility, low population density, low economic diversity and the impacts of climate change. The project will develop a scheme that will expose and explore innovations that will otherwise be invisible to the NPA region. The concrete plan will start with an open Invitation to Tender for energy technology innovation. FREED will thereby provide a service that results in the creation of at least 6 new revenue streams in SME’s in each of the 5 partner regions from the introduction of innovations in energy sectors for markets throughout the NPA region and beyond.

Thematic information

Innovation capacity and awareness-raising New products and services SME and entrepreneurship

Specific Objective: Increased innovation and transfer of new technology to SMEs in remote sparsely populated areas

Thematic Objective: (01) strengthening research, technological development and innovation by:

Investment Priority:

(01b) promoting business investment in R&I, developing links and synergies between enterprises, research and development centres and the higher education sector, in particular promoting investment in product and service development, technology transfer, social innovation, eco-innovation, public service applications, demand stimulation, networking, clusters and open innovation through smart specialisation, and supporting technological and applied research, pilot lines, early product validation actions, advanced manufacturing capabilities and first production, in particular in key enabling technologies and diffusion of general purpose technologies

Partners (7)

Lead Partner: Oulun yliopisto

Department: Energy and Environmental Engineering Research Group, Faculty of Technology

Address: Pentti Kaiterankatu 1, 90570 Oulu, Finland

Legal status: public

Website: http://www.oulu.fi/english/

Total budget: EUR 425 191.87

ERDF budget: EUR 276 374.72

Western Development Commission

Name: Western Development Commission

Address: Dillon HouseBallaghaderreen, Co. Roscommon, Ireland

Legal status: public

Website: http://www.wdc.ie

Total budget: EUR 274 961.60

ERDF budget: EUR 178 725.04

Limerick Institute of Technology

Name: Limerick Institute of Technology

Department: Development Unit

Address: Moylish ParkLimerick, Ireland

Legal status: public

Website: http://www.lit.ie

Total budget: EUR 281 280.75

ERDF budget: EUR 182 832.49

EUROPÄISCHES INSTITUT FÜR INNOVATION

Name: EUROPÄISCHES INSTITUT FÜR INNOVATION

Address: Am Kirchenplatz 3, 27711 Osterholz-Scharmbeck, Germany

Legal status: public

Website: http://www.eifi.eu

Total budget: EUR 266 921.36

ERDF budget: EUR 173 498.88

South West College

Name: South West College

Department: InnoTech

Address: Burn Road, BT80 8DN Cookstown, County Tyrone, United Kingdom

Legal status: public

Website: http://www.theinnotechcentre.com

Total budget: EUR 279 147.75

ERDF budget: EUR 181 446.04

Green Angel Syndicate

Name: Green Angel Syndicate

Address: East Claremont Street 24, EH7 4JP Edinburgh, United Kingdom

Legal status: private

Website: http://www.gasgat.com

Total budget: EUR 148 758.46

ERDF budget: EUR 74 379.23

Forskningsparken I Narvik

Name: Forskningsparken I Narvik

Address: Teknologiveien 12, 8515 Narvik, Norway

Legal status: public

Website: http://www.fpn.no

Total budget: EUR 102 566.36

Partners map

Lead partner

Project partner

Summary

Project name (EN): Funding Resources for innovation in Energy Enterprise Development

Project acronym: FREED

Project start date: 2016-01-01

Project end date: 2018-12-31

Project status: closed

Total budget/expenditure: EUR 1 778 828.16

Total EU funding (amount): EUR 1 067 256.40

Total EU funding (co-financing rate): 63.00%

Co-financing sources:

ERDF: Amount, EUR 1 067 256.40.

Third-country contribution: Norway: EUR 51 283.18 (ERDF equivalent only)

Information regarding the data in keep.eu on the programme financing this project

Financing programme

2014 - 2020 INTERREG VB Northern Periphery and Arctic

Last month that data in keep.eu was retrieved from the Programme's website or received from the Programme

2023-11-02

No. of projects in keep.eu / Total no. of projects (% of projects in keep.eu)

152 / 152 (100%)

No. of project partnerships in keep.eu / Total no. of project partnerships (% of project partnerships in keep.eu)

779 / 779 (100%)

Notes on the data

Information provided by the Programme.

The financial data featured in keep.eu for this programme, it's projects and its partners is not exact and should be taken as a reference only.

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Funding Resources for innovation in Energy Enterprise Development

Description

Thematic information

Partners (7)

Partners map

Summary

Information regarding the data in keep.eu on the programme financing this project

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