Launch of the I3 Support Facility to strengthen Interregional Innovation Investments Ecosystems

Purpose:
The I3 Support Facility aims to empower regional and national innovation stakeholders to build robust interregional innovation ecosystems, reinforcing the objectives of the Interregional Innovation Investments (I3) Instrument. This initiative seeks to promote cohesion, capacity-building, and integration into broader European value chains, particularly benefiting less-developed regions across the EU.

The I3 Support Facility will act as a cornerstone in fostering innovative projects within smart specialisation areas, driving sustainable and inclusive innovation across all regions. By promoting collaboration, knowledge sharing, and capacity building among stakeholders, the facility aims to maximise the benefits of the I3 Instrument and accelerate the adoption of this EU funding programme.

Effects on Industry:
The establishment of the I3 Support Facility is expected to have a significant impact on the European innovation ecosystem, driving growth and development in less-developed regions. The capacity building hub will facilitate collaboration among stakeholders, promoting knowledge sharing and best practices, while the matchmaking platform will connect innovators with investors, fostering business growth.

The facility’s tools and services, including technical advice, regulatory support, and investment guidance, will strengthen I3 Instrument project applications, enhancing the overall quality of projects. The tracking and dissemination of project outcomes through the I3 Observatory will provide valuable insights, informing future innovation strategies and policy decisions.

Relevant Stakeholders:
The I3 Support Facility is designed to benefit a wide range of stakeholders, including:

• Regional and national innovation stakeholders
• Public authorities and ERDF managing bodies
• Intermediaries and regional policymakers
• Innovators and entrepreneurs seeking funding and support for their projects
• Investors looking to connect with innovators and businesses

Next Steps:
To comply with or respond to the I3 Support Facility initiative, stakeholders should:

• Familiarise themselves with the facility’s tools and services, including the capacity building hub and matchmaking platform
• Engage in collaboration and knowledge sharing through workshops, training seminars, and webinars
• Utilise the I3 Observatory to track project outcomes and inform future innovation strategies
• Participate in events, such as the Annual I3 Forum, to build networks and drive engagement

Any Other Relevant Information:
The establishment of the I3 Support Facility reflects the EU’s commitment to fostering sustainable and inclusive innovation across all regions. This initiative aligns with the EU’s priorities for economic growth and development, promoting cohesion and integration into broader European value chains.

By providing a comprehensive support structure for regional stakeholders, the I3 Support Facility will contribute to the ongoing evolution of regional, national, and European innovation ecosystems. The facility’s Policy Lab will address challenges faced by less-developed regions, enhancing institutional capacities and developing effective policy solutions to support interregional innovation.