Innowwide Call for Market Feasibility Projects

Innowwide is funded by the Eurpean Union as art of the European on Innovative SMEs. Innowwide gives you insights beyond conventional market studies, selecting sales channels and export aid.

What is a market feasibilty project?  A market feasibility is a technical, commercial, legal and/or socioeconomic validation of a n innovative business solution in a new international market as a means of deepening understanding of the target market before launching a new commercial venture.

NOTE: In addition to the form you will need to submit a workplan in the template of Eureka, you may find that template here, in the "Downloadables" section you will find several documents, the name of the documente is "Innowide workplan template".

Your project should include:

• A target country (pilot market) where you intend to develop and validate your innovative business solution in collaboration with local counterparts;
• Feature product/process/service market development by an innovative SME from a European Union Member, or Iceland, Israel, Norway or Türkiye with one local partner in the selected target country, as main subcontractor for the market feasibility project.
• Activities to identify and assess key local technical and market framework conditions in the target country

A market feasibilty project may be the preliminary phase of a future international R&I project with local counterparts in the target country that you intend to carry out in the short or medium term.

Market Feasibility projects are not unilateral

Eligibility Criteria

1. Complete Application - 
2. SME Legal Status
3. Commitment signed by the local counterpart - The project includes and independent subcontractor (local counterpart) in the target country. You must invite your counterpart to approve the commitment in the application platform
4. Exclusive focus on civil applications - You must state in your application that your project has an exclusive focus on civil applications (activities intended to be used in military application or aiming to serve military purposes cannot be funded)
5. Declaration of honor -  None of the participating organizations have: 

• Convictions for fraudulent behavior, other financial irregularities or unethical and illegal business practices:
• is bankrupt or in the process of being declared bankrupt:
• is “undertaking in difficulty” according to the EU definition

6. Six-month project duration
7. Minimum total project cost of 86,000 euro - The maximum funding rate is 70% of a funding amount fixed at 60,000 euro, so your total eligible costs must be at least 86,000 euro.
8. Subcontracting cost above zero - Cooperation with a main subcontractor is an important part of your market feasibility project, so you must allocate a reasonable budget to your subcontractor
9. Combination of eligible activities - To be eligible, your application must include market and technical activities and can include (but not exclusively) business development and promotion activities.

Eligible expenses:

1. Co-creation and technology uptake preparatory work  (innovation and technology transfer services)
2. Market Research (desk and field studies)
3. Compliance Verication
4. Business prospection trips - limited and justifiable within your market feasibility project
5. Specific promotial technical material preparation(technology valorisation-oriented) -  limited and justifiable within your market feasibility project