Boosting the financing of innovation for green growth sectors through innovative clusters services in the MED area
Fostering economic growth and development, while ensuring that natural assets continue to provide the resources and environmental services on which prosperity relies, is no more a choice but an imperative for the economic and social future wellbeing of people. Although green transition will not take off without financing and assure the financing of innovation in green sectors has become a common concern for all MED countries and regions. To answer this challenge, a pool of regions, clusters, business support organisations, knowledge providers and development agencies joined in the finMED project, whose aim is to boost the financing of innovation in green growth sectors through improved delivery of policies and strategies and the introduction of innovative cluster services. The project delivers concrete outputs and results in three fields: 1- Public policies delivery, by developing and adopting new concepts, principle and practices to finance green growth strategies. 2- Innovation and business environment, by improving interaction and collaboration (at regional and transnational level) among involved stakeholders and bridging the gap among enterprises and financers. 3- Green sectors capacities, by stimulating and actively supporting their adaptability to the most impellent financing challenges. finMED also develops a proper specific position on the future of green sectors innovation financing, supporting the policy debate for 2021-2028 programming period in MED and EU area.