The European project 'Innoinvest', in which Málaga TechPark participates, analyses how to improve investment processes in technological SMEs

Málaga TechPark

The second virtual workshop of the Innoinvest project has served to share methodologies of different European ecosystems aimed at the optimal development of investment programs

Last Tuesday has finished the second of the four workshops planned within the European project 'Innoinvest', aimed at SMEs that need investment for the launch of innovative products or technologies. For two days, current practices of the participating parks have been analysed, as well as tools and resources for the optimization of the investment processes in technological SMEs.

The Innoinvest project is promoted by the European Commission and is developed by a consortium formed by Málaga TechPark together with the Poznan Science and Technology Park in Poland, the WISTA Science and Technology Park in Berlin-Adlershof and the Tallinn Science Park Tehnopol in Estonia, which are all partners of the IASP (which has its headquarters in the Malaga Technopolis).

Through the Innoinvest project, Málaga TechPark works together with the other three partner parks in the development of tools that can improve the investment process related to innovative solutions of technological SMEs.

Specifically, this second Innoinvest workshop has made it possible to identify and analyse good practices of the Andalusian and Malaga ecosystem, as well as the rest of the partners, also pointing out the challenges that investment programs must assume.

In addition, recommendations have been elaborated to facilitate the improvement of the activities of the partners related to the evaluation of ideas and teams of SMEs with a view to improving and standardizing future investment programs.

Among the contents that have been shared in the workshop, it is worth highlighting the presentation carried out by the Innovation Agency IDEA of its 'Scale Up' program aimed at promoting young Andalusian technology-based companies whose business models are especially interesting.

The general objective of the Innoinvest program is to support entrepreneurs and SMEs to boost their business processes and develop tools that improve the investment methods of small and medium-sized enterprises, especially facilitating the cooperation of SMEs with corporate companies. This should lead to a manual or guide to apply in the implementation of investment programs for technological SMEs. Promoted by the European Commission within the framework of the Horizon 2020 program, through the INNOSUP call, the Innoinvest project seeks to test new approaches to strengthen the innovation support of European SMEs by improving their capacity to manage innovation, adopting and seeking correct innovation strategies, and managing their innovation processes by implementing the efficiency of innovation spending.