Business Development, Innovation and SMEs
The Business Development, Innovation and SMEs programme area aimed to increase value creation and promote sustainable economic growth in Beneficiary States. It supported innovation, entrepreneurship and competitiveness, with a strong focus on small and medium-sized enterprises (SMEs). By investing in innovative technologies, processes and services, the programme area helped businesses develop new products, improve productivity, and bring new solutions to the market, while strengthening the link between research, innovation and business development.
The programme area placed particular emphasis on green industry innovation, sustainable business development and environmentally friendly solutions, including energy efficiency, resource efficiency and low-emission technologies. Support for blue growth, welfare technology and digital solutions contributed to smart and inclusive growth, while targeted measures promoted entrepreneurship, including among young and female entrepreneurs. Through bilateral partnerships with the Donor States and the use of grants, the programme area strengthened business cooperation, competitiveness and job creation, contributing to broader European objectives under the Europe 2020 and Horizon 2020 strategies for smart, sustainable and inclusive growth.
| Indicator / Programme | Total result |
|---|---|
| Number of new products/technologies developed | 424 |
| Number of SMEs supported | 2,799 |
| Share of Donor business partnerships that continue after project implementation period | 59% |
Project example
Green innovation for heavy-duty vehicles in Latvia
The ArtuPower project in Latvia developed a dual fuel retrofit system that replaces up to 70% of diesel with water vapour and renewable gases. This innovation significantly cuts emissions—by up to 56% for greenhouse gases and potentially 80% overall—offering a practical pathway towards cleaner heavy‑duty transport.