CrossRoads Initiative Launches Third Round of Cross-Border Innovation Grants
Southern Netherlands, Monday, 15 July 2024.
The CrossRoads initiative has announced its third call for subsidy applications, open from August 26 to October 4, 2024. This program aims to foster collaboration between SMEs in Flanders and Southern Netherlands, supporting innovative projects that address societal challenges with grants up to €250,000 per project.
Program Objectives and Focus Areas
The CrossRoads initiative was established to support small and medium-sized enterprises (SMEs) in Flanders and Southern Netherlands. By providing financial assistance, the program encourages these companies to work on cross-border innovations that tackle key societal challenges such as sustainable business practices, renewable energy solutions, Industry 4.0 advancements, and healthcare improvements. The initiative’s goal is to stimulate cooperation between companies from these regions, fostering a collaborative environment that can lead to significant technological and process innovations.
Application Period and Criteria
The third call for subsidy applications will open on August 26 and close on October 4, 2024. During this period, eligible companies can submit their proposals for innovative projects. Each project must involve at least one SME from Flanders and one from Southern Netherlands, ensuring that the initiative promotes true cross-border collaboration. The projects will be evaluated based on predefined criteria, including the potential impact on societal challenges and the level of innovation. Successful projects can receive a grant covering up to 50% of their costs, with a maximum grant amount of €250,000 per project.
Infosession for Potential Applicants
To help potential applicants understand the application process and criteria, CrossRoads will host an online infosession on June 21, 2024. During this session, experts from VLAIO and InnovationQuarter will provide detailed information about the program, the types of projects that are eligible for funding, and the steps required to submit a successful application. Additionally, representatives from Plinius Labs will share their experiences with the CrossRoads initiative, offering insights into the benefits and challenges of cross-border collaboration.
Funding and Support
The funding for this initiative is provided by multiple sources, including the European Union, Interreg Flanders-Netherlands, and various regional governments and development agencies. This collaborative funding approach ensures that the program has the resources needed to support a wide range of innovative projects. Companies that receive funding will also benefit from additional support services, such as assistance in finding cross-border partners and guidance through the application process. This comprehensive support structure is designed to maximize the impact of the funded projects and promote sustainable, long-term collaboration between companies in the region.
Conclusion and Future Prospects
As the CrossRoads initiative launches its third round of grants, it continues to play a vital role in fostering innovation and collaboration in Flanders and Southern Netherlands. By supporting projects that address pressing societal challenges, the program not only helps companies develop new technologies and processes but also contributes to the broader goals of sustainable development and economic growth. With the upcoming call for applications, CrossRoads is poised to further enhance the region’s capacity for innovation and cross-border cooperation, paving the way for a more connected and resilient future.