3. Access to finance and funding for local, regional and national projects

ProtoAtlantic: Innovation in the Marine Environment in the Atlantic Area Region

Undefined
Summary: 

ProtoAtlantic, an Interreg Atlantic Area funded project, provided marine-specific support mechanisms to marine start-ups and SMEs in emerging sectors, including business support through the accelerator and mentorship programs, enabling companies to fast track their product development through access to prototyping and testing facilities in all partner regions.

Background: 

The European Commission has through the Blue Growth objectives for the first time highlighted marine sectors as unique market opportunities with high growth potential which carry socio-economic importance to the development of coastal regions. Particularly marine sectors such as aquaculture, marine robotics, and marine renewable energy which fulfil global needs in food safety and security, enable monitoring and exploration in harsh and remote conditions, and globally growing energy needs were recognized as catalysts to achieve sustainable development.
Marine start-ups and small and medium-sized enterprises (SME) were identified as potential drivers in emerging marine sectors. However, they require support mechanisms tailored to their needs as they are competing for the same business and financial support as land-based SMEs, yet the research and development infrastructure is more difficult to access.

Objectives: 

The main objective of the project was to develop a model for the prototyping and exploitation of innovative ideas in the maritime sector.
We identified product innovation capacity in the maritime sector willing to address emerging markets in a cocreation paradigm with the local start-up communities, research centres and universities.
We based the project actions in existing co-working spaces and blue acceleration programs specialized in the marine sector and replicated success stories. For that purpose, we implemented an acceleration program, starting from ideation to market access where a normed and structured process was used to manage product innovation. The acceleration programs attracted innovative ideas, covering from business model to market validation, including test phases in the most important European infrastructures.
The PROTOATLANTIC network allowed us to find the best place to build and test the prototype, and to identify the best places for the company to establish and launch its business. We involved policymakers and business support agencies to provide the ecosystem of legal and long-term support.

Results and Transferability: 

The main objective of the project was to develop a model for the prototyping and exploitation of innovative ideas in the maritime sector.
We identified product innovation capacity in the maritime sector willing to address emerging markets in a cocreation paradigm with the local start-up communities, research centres and universities.
We based the project actions in existing co-working spaces and blue acceleration programs specialized in the marine sector and replicated success stories. For that purpose, we implemented an acceleration program, starting from ideation to market access where a normed and structured process was used to manage product innovation.
The acceleration programs attracted innovative ideas, covering from business model to market validation, including test phases in the most important European infrastructures.
The PROTOATLANTIC network allowed us to find the best place to build and test the prototype, and to identify the best places for the company to establish and launch its business. We involved policy makers and business support agencies to provide the ecosystem of a legal and long-term support.

Project/Activity location and area of focus: 

The Interreg Atlantic Area encompasses partner regions in France, Ireland, Portugal, Scotland, and Spain. The consortium partners consist of Technopôle Brest Iroise (Brest, France), University College Cork – UCC (Cork, Ireland), County Council Cork (Cork, Ireland), INESC TEC (Porto, Portugal), the European Marine Energy Centre – EMEC (Orkney, Scotland), EMERGE (Canary Islands, Spain), and the lead partner, Innovalia Association (Canary Islands, Spain). The strategic collaboration between the partners provided marine start-ups access to testing facilities in the Atlantic Ocean. The extreme living laboratories provided by EMEC, the LiR National Ocean Testing Facilities at UCC’s Centre of Marine and Renewable Energy (MaREI centre), and INESC TEC promise harsh real-life conditions which test the suitability of marine technologies to the limit thereby providing start-ups and SMEs with an extra layer of confidence in
developing their technologies. This cross-regional collaboration puts the ProtoAltantic program in a unique position, as it is the first of its kind to dedicate marine-specific support to marine startups and SMEs which have benefited from the opportunities that ProtoAtlantic has provided.

Funding instrument used: 
INTERREG
Project or best practice title: 
ProtoAtlantic: Innovation in the Marine Environment in the Atlantic Area Region
Country: 
Spain
Region: 
Canary Islands
City: 
Las Palmas de Gran Canaria
Funding contribution (€): 
1.390.421,22
Private contribution (€): 
463.473,74

BLUE OCEAN - A sailing yacht which responds to the ecological challenges of the 21th Century!

Undefined
Summary: 
The project is the construction of a 45-foot sailing yacht. The concept consists also in seeking solutions which converge ecological and economic interests in the construction of pleasure yachts with the objective of initiating an ecological transition in pleasure boating and Yachting industry. The mission is carried out by and partners: Sustainable development of environmentally friendly yachting activities through raising awareness of boaters in ecological navigation-nautical pleasure craft to the «Eco–Responsible» construction. Campaigns to raise awareness among yachting associations, marinas, schools. Educational/ Scientific cruises. Delegations for the protection of marine environment. Conferences on national /international boat shows/ meetings.
Stakeholder typology: 
Background: 
BLUE OCEAN - A sailing yacht which responds to the ecological challenges of the 21th Century! The project BLUE OCEAN has been joined by numerous companies and organizations from the European and French nautical sector who already have experience with projects in the field of maritime environmental protection and are paving the way for the future environmentally friendly boatbuilding. The construction and the innovative concept of BLUE OCEAN is to be the « No 1 » of a future-oriented yacht building series, in collaboration with the naval architect Olivier Petit, designer of the “Antarctica” and recently the “Energy Observer”, the HERVE shipyard and all companies involved in the development of this project. A cooperative society will be created for the continuation of the project and the marketing. The concept consists also in seeking solutions which converge ecological and economic interests in the construction of pleasure yachts with the objective of initiating an ecological transition in pleasure boating and the Yachting industry.
Objectives: 
Ecological transition in the world of yacht building. The « No 1 » of a future-oriented eco-friendly yacht building series. Awareness of the nautical sector for the protection of the environment of coasts and seas.
Results and Transferability: 
The project is at the end of its planning phase after 2 years of work with the naval architect, the shipyard and the companies involved. The project is in the research phase of financing. The shipyard can start the construction in early 2019.
Project/Activity location and area of focus: 
The project is based in La Rochelle, Nouvelle Aquitaine, France. The area of focus is the Yachting sector with the purpose of initiating an ecological transition in pleasure boating and the Yachting industry.
Funding instrument used: 
European, National and/or Regional authorities
Upload representative image: 
Project or best practice title: 
BLUE OCEAN - A sailing yacht which responds to the ecological challenges of the 21th Century!
Country: 
France
Region: 
Nouvelle Aquitaine
Funding contribution (€): 
1 000 000
Private contribution (€): 
500 000
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