Interregional Innovation Investment Instrument (I3): first project launched

The European Innovation Council and the SME Executive Agency (EISMEA) have signed the first-ever project (DIGIT-PRE) funded under the Interregional Innovation Investment Instrument (I3).

Magnus Wallengren, project coordinator, said:

The objective of DIGIT-PRE is to launch a sustainable European value network that generates value through interconnected activities while helping companies (health and digital transformation) to be competitive and sustainable. We specifically focus on digital consumer-facing solutions (from TRL6 upwards) for remote prevention, prediction and care in a post-COVID world.

Its main objectives are:

1. Build a portfolio of demand-driven solutions to digitize remote prevention, prediction and care in health and care ecosystems.

2. Build capacity in less developed regions to participate in the DIGIT-PRE value network.

3. Obtain additional investments to support market acceleration or residual investment needs in shared priority areas of smart specialization (S3).

4. Accelerate innovation by providing access to large-scale demonstration living labs and testbeds for solution validation and scaling.

5. Go international to improve access to global supply and value chains.

These objectives will be achieved through 6 work packages that reposition assets and network segments as needed. These include

  • pool core competencies, build a common brand and ensure governance with integrity
  • preparing investments with demand-driven challenges generated by open innovation spaces and a portfolio of corresponding support services,
  • investment selection via an open call for companies with products/services at TRL6,
  • personalized support to bring products/services to TRL9,
  • optimize buy-in and sustainability at the value network level (aligned with other EU programs) alongside competitive and sustainable sub-projects with value cases to inform market activity
  • a living process of knowledge sharing that adapts to changing needs and opportunities with our target groups.

Project partners

The consortium with its partners covers 4 developed regions, 3 transition regions and 3 less developed regions.

  • ISAB INNOVATION SKANE ABSweden (coordinator)
  • EURASANTEFrance
  • SST STICHTING SPORTS AND TECHNOLOGYThe Netherlands
  • GIP GER-NA GIP GERONTOPOLE NOUVELLE-AQUITAINEFrance
  • TSCP SCIENTIFIC PARK OF TURKU OY ABFinland
  • HCN STICHTING HEALTH CLUSTERNETThe Netherlands
  • HCP Health Cluster Portugal – Associacao do Polo de Competitividade da SaudePortugal
  • RVA VAST BOTTEN REGIONSweden
  • FbH ASOCIATIA INIT, Romania
  • SYREON KUTATO INTEZET KORLATOLT FELELOSSEGU TARSASAGHungary

Background information

The Interregional Innovation Investment Instrument (I3) is funded by the European Regional Development Fund (ERDF) and represents an opportunity to support investments by companies that bring innovation to market at technology readiness levels (TRL 6-9) and to reshape the EU interregional value chains. The I3 instrument is an opportunity for the less developed/outermost/transition regions of the EU to catch up with the more developed ones.

It has two strands of appeal:

  • Stream 1 focuses on investing in cross-regional innovation projects in EU regions
  • Component 2a focuses on strengthening the capacity of regional innovation ecosystems in less developed regions to participate in global value chains.

Related link

Page of the Interregional Instrument for Investments in Innovation

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