Innowwide call for market feasibility projects
Programme to support innovative SMEs assess the viability of their commercial or research ambitions for internationalisation
The Innowwide programme supports innovative SMEs to assess the viability of their commercial or research ambitions for internationalisation in a target country.
By participating, SMEs can conduct market feasibility projects for their innovative solutions over a six-month period, working with local organisations based in their selected target country (in Africa, Americas, Asia or Oceania).
SMEs can carry out a market feasibility project at different stages. For example, when exploring or developing an R&D project idea, or after a successful R&D project to understand whether their new product, process or service might be commercialised in targeted global markets.
What is a market feasibility project?
A market feasibility project includes preliminary technical, market, legal and/or socioeconomic assessments intended to validate the feasibility of your international and innovative business solution (product-, process- or service-market combination) within new and emerging global value chains.
Read more about feasibility projects.
Funding information
The third Innowwide call has 4.2 million euro budget to fund 70 projects (60,000 euro per market feasibility project).
The Innowwide financial support rate is up to 70% of minimum eligible costs (personnel, subcontracting, purchasing costs – travel and subsistence, equipment depreciation, other goods, works and services; and indirect costs (automatically calculated on the basis of a 25% flat-rate of the total direct eligible costs, excluding subcontracting)) of 86,000 euro.
Each successful market feasibility project will receive a fixed grant of 60,000 euro.
Eligibility criteria
To apply, you must fulfil nine eligibility criteria. Please read all guidelines before submitting a project application. If you do not meet all the eligibility criteria, your application will be rejected.
Application deadline: Tuesday 15 October 2024
First published 9 August 2024