Enhancing the involvement of philanthropic organisations in innovation ecosystems

Expected Outcome: Project results are expected to contribute to the following outcomes: Increase the collaboration of philanthropic organisations with higher education institutions, TTOs, innovative companies and Venture Capital (VCs) in supporting innovative projects and companies to develop and grow; Support the transition of academic research and innovations from higher education institutions to market-ready solutions. Scope: There are currently more than 33000 philanthropic organisations in Europe with EUR 50 billion of annual philanthropic expenditure and EUR 567 billion pool of philanthropic assets[1]. Philanthropic organisations and higher education institutions have been working together for many years in supporting the development of breakthrough research and technologies. At the same time, the EU still faces challenges in bringing technologies to the market. Therefore, this action aims at building on these established models of cooperation to support the transfer of developed technologies to the market by supporting facilities (like living labs and test beds) and/or engaging relevant stakeholders to further commercialize technologies with concrete common objective. The purpose of this topic is to incentivise philanthropic organisations support to projects with high-potential, not only through financial resources, but also by providing access to expertise and networks of like-minded stakeholders and investors, as well as by being themselves first users of new…