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Developing innovation potential

Innovations are the source of growth, sustainability and successes of companies. SMEs in Europe are not systematic in their approach to managing innovations, and struggle to access finance for innovative endeavors.  In order to assist companies to realize innovations, the Network provides a set of services designed for ambitious SMEs that innovate or have the potential to innovate with international outlook.

With this in mind, services of the Network are intended for SMEs whose innovation projects/ideas have the potential for cross-border market impact, the activity is intended to increase its’  competitiveness on the EU market, or the company wants to participate in the EU innovation support programs.

The Network services consist of information provision on possible sources of funding innovations, advisory services during application process, consulting services for enhancing innovation management capacity, and access to free of charge expert support for the beneficiaries of the SME Instrument during project implementation.

Enhancing innovation management capacity SMEs program will provide these specialized services to around 100 companies form Republic of Srpska, by the end of 2018, and include seven-day consulting service packages and continuous support provision for six months after initial capacity assessment.

The seven-day service package includes innovation management assessment, determining strengths and weaknesses, designing an action plan to improve performance, and continuous support during the plan implementation. This service is provided by experts for innovation management from Republic of Srpska, using „IMP3rove“metodology, recomented by the European Commision.

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