eM-POWERing SME Clusters to help SMEs overcome the valley of death
2020-2022 | €1.578.907 | BBI-2019-SO4-S4
MPowerBIO empowers Clusters to bring SMEs across the financial valley of death
Many SMEs experience that even though they have a good idea or a good product, they cannot get an investor. They need to be able to pitch their idea perfectly, have a strong business plan, a clear strategy, a well-defined customer base, etc. to attract investors.
European clusters need to be better suited to help small and medium sized enterprises (SMEs) overcome the valley of death i.e. the difficult task of finding sufficient investment to get from idea to business. This is the main focus of the MPowerBIO project.
In the MPowerBIO project 10 training the trainers’ events will be arranged for a total of 90 clusters across the bioeconomy, covering most of Europe. The events are set up to help clusters understand how SMEs can obtain capital and grow.
Foodscale Hub will set up and implement a capacity building programme for bio-based SME clusters along with an integrated business support services for SME. The program will offer practical help on how cluster managers and other innovation intermediaries can mobilize—and enhance—their skills, resources, and services to support SMEs in business development and access to finance.