Specific Objective 1.1

New Central Baltic knowledge intensive companies

This specific objective aims to exploit the opportunities of “green, “silver” and “blue” economy. Knowledge intensive enterprises are the ones with a potential to grow and internationalise, aiming to achieve higher value added than the regional average.

Another aim is to target challenges related to the sustainability of the businesses operating in sparsely populated, rural, peripheral, isolated island and archipelago communities or with seasonal activities. The aim is also to achieve the creation of new joint Central Baltic enterprises and co-operation between new enterprises in the Central Baltic region, although it is accepted that a certain share of targeted teams and businesses will not become joint or co-operating.

The main approach is to implement development projects via intermediate bodies in the field of business development. The programme does not intend to use financial instruments to new start-up companies. Activities supported by the programme are seen as complimentary to existing national and regional financial instruments and grants.

Types of partners
Business development organisations, business incubators, business associations, national, regional and local authorities

Indicative list of actions supported
Awareness raising, training, advisory services, networking of potential and new entrepreneurs, mapping and analysing opportunities, incubator services

The main target groups
Potential entrepreneurs and newly established enterprises contributing to the “green”, “low-carbon”, “blue” and “silver” economies, technology start-ups, students of universities and vocational schools, the elderly (building intergenerational teams to start companies is encouraged), people interested in starting a business in the archipelago and islands region

Result indicator
Number of joint or co-operating knowledge intensive enterprises

Output indicator
Number of new enterprises supported
Number of enterprises receiving support