Central Baltic Startup Springboard

Programme 2014 - 2020 INTERREG V-A Finland - Estonia - Latvia - Sweden (Central Baltic)

Date of latest update: 2023-11-11

Description

Description (EN):

Central Baltic region has a great opportunity to strengthen its position as a globally competitive center of knowledge-intensive, born global startups aiming for rapid growth. The potential leans on high quality university education, wide selection of entrepreneurship studies and a network of support organisations. However, the international startup scene has become more competitive, thus creating a need to strengthen the regional approach through joint teams and processes. A cross-border business acceleration process is needed to be able to offer comparable value to compete with currently stronger startup regions. The Springboard project supports the development of new joint and cooperative knowledge-intensive startups springing up of the shared smart specialization strengths of the participating regions (ICT, cleantech, healthtech and biotech). The challenge of having gaps in the entrepreneurial path from the universities to existing business incubators and accelerators will be targeted by also addressing the unused possibilities of internationalisation in the early stage of entrepreneurship. Taking into account the small home market of the region, we need common tools to be able to create globally competitive businesses. The project provides its target group (PhD and degree students, researchers, recent graduates and highly educated expats) a smooth and supported path towards entrepreneurship. The consortium consists of 6 partners covering three Central Baltic countries. Partners from Turku (FI), Tallinn (EE) and Riga (LV) implement three joint 10-week business acceleration programs, coaching for the most potential teams and targeted matchmaking activities for already established early-stage companies. By combining expertise across borders, it is easier to find potential business ideas, establish globally competitive joint teams with versatile know-how and experience, and find a group of potential “CB startup stars” to coach towards success.

Achievements (EN):

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.

Website: http://centralbaltic.eu/

Expected Results (EN): R1.1. Number of new joint or co-operating knowledge intensive enterprises

Expected Outputs (EN):

The main result of the Springboard project is an increased capacity to produce international startups in the Central Baltic region. The increased capacity includes the enhanced support in the process of turning university-based business ideas to viable businesses and fostering of cross-border cooperation in the early stage of business development.The achieving of the results is demonstrated in the Programme Result Indicator. The Springboard project supports at least 60 teams and new enterprises during the project duration, finally aiming for 15 joint or co-operating knowledge intensive Central Baltic companies. Realistically 2-4 of these are startups with joint teams, joint management or joint ownership, and 11-13 will establish other type of co-operation in relevant areas of their business development (e.g. product development, marketing). The project supports teams and startups springing up of the shared smart specialization strengths of the participating regions (ICT, cleantech, healthtech and biotech).The indicator demonstrates the effectiveness of the chosen methodology and practice in reaching the overall objective of the project. By connecting the existing regional startup programmes and entrepreneurship courses with the joint cross-border operating model helps to guarantee the adequate proportion of participants for the project activities and at the same time innovate the independent programmes.

Thematic information

SME and entrepreneurship Knowledge and technology transfer

Specific Objective: New Central Baltic knowledge intensive companies

Thematic Objective: (03) enhancing the competitiveness of SMEs by:

Investment Priority: (03a) promoting entrepreneurship, in particular by facilitating the economic exploitation of new ideas and fostering the creation of new firms, including through business incubators

Partners (6)

Lead Partner: Turku Science Park Oy Ab

Department: -

Address: Lemminkäisenkatu 14-18 C, 20520 Turku, Finland

Legal status: public

Website: http://www.turkusciencepark.com

Total budget: EUR 398 774.00

ERDF budget: EUR 299 080.50

Rīgas Tehniskā universitāte

Name: Rīgas Tehniskā universitāte

Department: Project Management Department

Address: Kalku 1, 1658 Riga, Latvia

Legal status: public

Website: http://www.rtu.lv

Total budget: EUR 174 699.28

ERDF budget: EUR 148 494.39

Latvijas Tehnoloģiskais parks

Name: Latvijas Tehnoloģiskais parks

Department: -

Address: Pulka iela 3, 1007 Riga, Latvia

Legal status: public

Website: http://www.ltp.lv

Total budget: EUR 156 110.56

ERDF budget: EUR 132 693.98

Sihtasutus Tallinna Teaduspark Tehnopol

Name: Sihtasutus Tallinna Teaduspark Tehnopol

Department: -

Address: Teaduspargi 6/1, 12618 Tallinn, Estonia

Legal status: public

Website: http://www.tehnopol.ee

Total budget: EUR 224 599.40

ERDF budget: EUR 190 909.49

Tallinna Tehnikaülikool

Name: Tallinna Tehnikaülikool

Department: Department of Business Administration

Address: Ehitajate tee 5, 19086 Tallinn, Estonia

Legal status: public

Website: http://www.ttu.ee

Total budget: EUR 186 352.00

ERDF budget: EUR 158 399.20

Turun yliopisto

Name: Turun yliopisto

Department: Brahea Centre

Address: Yliopistonmäki, 20014 Turku, Finland

Legal status: public

Website: http://www.utu.fi

Total budget: EUR 197 967.23

ERDF budget: EUR 148 475.42

Partners map

Partners and Projects info

Riga Technical University

Central Baltic Startup Springboard

Partners and Projects info

Latvijas Tehnoloģiskais parks

Central Baltic Startup Springboard

Partners and Projects info

Foundation Tallinn Science Park TEHNOPOL

Central Baltic Startup Springboard

Partners and Projects info

Tallinn University of Technology

Central Baltic Startup Springboard

Partners and Projects info

University of Turku

Central Baltic Startup Springboard

Partners and Projects info

Turku Science Park Ltd

Central Baltic Startup Springboard

Lead partner

Project partner

Summary

Project name (EN): Central Baltic Startup Springboard

Project acronym: Springboard

Project start date: 2015-11-01

Project end date: 2018-01-31

Project status: closed

Total budget/expenditure: EUR 1 338 502.47

Total EU funding (amount): EUR 1 078 052.98

Co-financing sources:

ERDF: Amount, EUR 1 078 052.98.

Documents

Documents on this project are listed below, and organised by category. Please note field "Data source", attached to each document. Keep.eu users are free to use these documents as long as they mention the data source and keep.eu.

Videos / films

Springboard 2016-2017 BusinessUp

Attachment type: link

Type of document: Video / film

Data source: http://www.cbspringboard.eu/en/cbspringboard/accelerator-programs

Publication date: 2020-01-30

Document date: 2016-08-01

Languages: en

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

Financing programme

2014 - 2020 INTERREG V-A Finland - Estonia - Latvia - Sweden (Central Baltic)

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

2023-11-11

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

137 / 137 (100%)

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

663 / 663 (100%)

Notes on the data

Information provided by the Programme. Achievements were retrieved by Interact from the Programme website (http://centralbaltic.eu/), or a website directly linked from it, on 2021-11-08, 2023-01-12 and 2024-03-08.

Languages

Contact Form

Central Baltic Startup Springboard

Description

Thematic information

Partners (6)

Partners map

Summary

Documents

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

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