1

Why the project matters

Withdrawal of investors from the US is the main cause of a general reduction of funds for the Mediterranean startups. In addition to this, there are a general still insufficient cooperation between key actors, together with a lack of organized structures – e.g., incubators and acceleration services. This results in startups and innovations SMEs facing difficulties with fundings and availability of opportunities for staff’s capacity building, particularly as barriers to their growth, scale-up potential and sustainability. Another key factor affecting startups and innovation SMEs development, is the environmental sustainability, which requires adopting quality-based operation measures within a system of continuous monitoring and review of processes. Therefore, the project will address these critical gaps in the Mediterranean innovation ecosystem.

2

What it aims to achieve

• To create a transnational network of accelerating hubs To create and test acceleration programmes.
• To enhance SMEs’ growth and competitiveness.

3

Expected change

• Create a network of 21 local hubs across the Mediterranean to offer mentoring, training, and resources for innovative startups and SMEs.
• Strengthened cooperation between local innovation ecosystems to boost sustainability, competitiveness, and adoption of ESG principles, including green and circular economy practices.
• Developed and validated a flexible model to accelerate SME growth, sustainability, and attract investment, ensuring long-term impact and regional replicability.

4

What the project delivers

• A transnational network of 7 main local hubs connected to implement the SPEEDUP acceleration initiative.
• Development of an acceleration program to support mentoring, select potential startups/SMEs for piloting, and promote project objectives.
• Coordination of piloting by hubs in project countries, involving a total of 210 potential startups/SMEs.
• Support for 140 new or existing SMEs participating in the piloting, helping them initiate their sustainable activities across the project countries.

5

Who benefits

• 7 local public authorities (municipalities, provinces, districts, and their staff).
• 2 regional public authorities.
• Higher education/research organizations (universities, research institutions, and Technology Transfer Offices).
• 210 prospective startups and innovative SMEs across various sectors.
• 35 Business Support Organizations.