As COP27 recently showed, there is a pressing need to transform the way we live to avert climate catastrophe. To respond at the scale required, we need rapid implementation of sustainable innovations that can create impact across many sectors and be scaled up in a short period of time.
SMEs and startups are often the source of the society-changing innovations we need. But they typically lack the financing and capacity to expand their ideas to have a meaningfully-sized impact on the market. This role is more effectively played by buyers of technology, which have the resources and network necessary to make green ideas scale at lightning pace.
To stand a chance of building a greener future in limited time, we need to match the strengths of SMEs and big buyers to get innovative green products to market faster than ever.
This is what the SCALE-UP project helped facilitate. By organising transnational matchmaking events, training SMEs and buyers, and offering business support to newly created collaborations, SCALE-UP accelerated the uptake of innovative green products and services by large technology buyers, activating more than €13 million in investment.