- 10 training the trainers events
The events are set up to help clusters to be better equipped to help SMEs overcome the challenge of finding sufficient investment
- 90 clusters
The project will engage and train 90 SME clusters within the bio-based industry across Europe
- 250 SMEs
The SMEs will be screened and supported over the project to enhance their investment readiness level
- 10 regional competitions
SMEs will present high-quality bio-based industry projects to investors at regional competitions
- 2 European final pitching events
The best SME projects will be invited to pitch at one of the annual European final events
- 01 Identify investment challenges
The MPowerBIO project will obtain feedback from clusters, SMEs and investors on the concrete challenges they have regarding investments. From these experiences, an online platform will be set up containing digital tools for evaluating investment readiness.
- 02 Train clusters and support SMEs
Online training modules and regional trainers’ events will be organised to build the capacity of clusters to train their SME members and give them the best possibilities for preparing and presenting high quality projects to investors.
- 03 Pitching in front of investors
The best SME projects from these events will be selected by investors, and invited to one of two European finals, which are based on the European Bioeconomy Venture Forum model, run by several of the consortium members. At the final, the selected companies will present their ideas to a panel of investors and experts from large organisations and venture funds in Europe, with the aim of attracting capital to grow and develop their business.
A total of 72 high-quality, screened and investment-ready SME are expected to pitch at the two final events. The project will screen and support 250 SMEs towards this goal.