Business Model Innovation and Internationalization of Process Industry SMEs

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The main objective of the project is to improve the competitiveness of SMEs whose customers are in the process industry (mining/energy/oil/gas) by supporting them in finding needs and opportunities in developing new functional business models (i.e. developing products, services and other offers) and building research partnerships for research programmes in the EU. This will, among other things, lead to new methods and tools for the development and implementation of advanced business models towards regional and global customers, as well as an updated ProcessIT.EU Roadmap that will be able to influence policy/decision-makers and organisations that fund research and development. The main target group is SMEs, which are suppliers to the process industry and strive to provide innovative products, services and more advanced offers aimed at new international markets. SMEs have the opportunity to specialise and grow within the region before investing internationally. The Nordic countries have poor opt-outs to compete with low value added products and services. Innovation and new business models are needed to keep SMEs on the market. When SMEs specialise in more advanced offers, in addition to larger markets, they also need new partners. The project is also aimed at research and industrial organisations that want to improve SME networks within the region and thus get information about current challenges affecting the process industry. This provides better opportunities for entry into European R & D projects and collaborations. The history of Pro-cessIT.EU shows that cross-border cooperation makes Northern actors more interesting for European actors.

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