A new project that aims to make it easier for eco-innovative companies to secure financing is getting underway. The INNEON (Network for eco-innovation investment) project formally started in February 2014, and has now launched its website at http://www.inneon.eu.
INNEON's objective is to improve access to finance for eco-friendly companies. There are three current barriers to this, according to the project:
The concrete actions planned by INNEON to tackle these shortcomings are:
For eco-innovative entrepreneurs, INNEON will offer tools (covering, for example, business development, patent applications and life cycle analyses), coaching and introductions to potential investors. For investors, INNEON will offer access to potential investment opportunities that have been screened for their investment readiness. Entrepreneurs and investors can already sign up by completing a form available on the INNEON website.
INNEON has a total budget of €1,973,199, of which €1,874,539 is provided by the EU Competitiveness and Innovation Programme. The project runs for 30 months from February 2014. For more information, visit http://www.inneon.eu.