admin

Baltic Impact Accelerator

Sustainability InnoCenter  with its leading partners as Green Tech Cluster Latvia, Latvian Chamber of Commerce and Industry (Latvia), CleanTech Estonia, and Lappeenranta–Lahti University of Technology LUT (Finland) have started the process on the implementation of the “Baltic Impact Accelerator” project. This month we met with all the partners in the first face-to-face meeting to discuss the development of the accelerator methodology and the opening of the first cycle.

The “Triple Bottom Line Baltic Impact Accelerator” (Baltic Impact Accelerator) tackles the challenges of new growth companies in the CB region by utilizing the Triple Bottom Line (3BL) methodology that enables more growth (Profit) with specific consideration towards environment (Planet) and society (People). As a result, the scaling-up of companies is tackled in three levels: Profit, Planet, People.

Within the three acceleration cohorts a total of ❗96 scale-up companies will be supported (32 per cohort) and out of these 96 companies, 48 will scale up. The project provides unique acceleration for scale-up companies both from the 3BL methodology perspective, as well as the regional set-up: scale-up companies are specifically scaled in another CB country in order to help the companies to establish a better presence outside their home market

Project name:

Triple Bottom Line Baltic Impact Accelerator (acronym: Baltic Impact Accelerator)

Project aim and description:

The “Triple Bottom Line Baltic Impact Accelerator” (Baltic Impact Accelerator) tackles the challenges of new growth companies in the CB region by utilizing the Triple Bottom Line (3BL) methodology that enables more growth (Profit) with specific consideration towards environment (Planet) and society (People). As a result, the scaling-up of companies is tackled in three levels: Profit, Planet, People.

Project activities:

Over the period of 36 months, the project will implement an accelerator programme, that:
1. Develops new business models with focus on 3BL
2. Helps to establish presence outside home markets3. Supports to raise investments for accelerated growth and
4. Nurtures consortiums and partnerships among companies

Within the three acceleration cohorts a total of 96 scale-up companies will be supported (32 per cohort) and out of these 96 companies, 48 will scale up. The project will implement open seminars and events, where a broader audience of companies is reached and upskilled in order to provide knowledge about the 3BL methodology. The project provides unique acceleration for scale-up companies both from the 3BL methodology perspective, as well as the regional set-up: scale-up companies are specifically scaled in another CB country in order to help the companies to establish a better presence outside their home market.

Results planned:

The “Baltic Impact Accelerator” project will achieve the following results:

  • At least 720 (unique) companies reached
  • At least 480 (unique)company applications received
  • 3 cohorts implemented with 32 companies per cohort
  • 480 individual trainings within the project provided to companies
  • 3 joint cross-border collaboration events (1 per cohort)
  • 3 demo-day events (online) – 1 per cohort

Project partners:

  • Green and Smart Technology Cluster (Latvia)
  • Latvian Chamber of Commerce and Industry (Latvia)
  • CleanTech Estonia
  • Sustainability InnoCenter (Sweden)
  • Lappeenranta–Lahti University of Technology LUT (Finland)

Project duration:

1st April 2023 – 31st March 2026

Project budget:

The total project budget is 1.968.033,23 EUR with an Interreg Central Baltic Programme contribution
of 1.574.426,56 EUR, which is allocated among the five project partners implementing the project.