NOVExport: export accelerating hub for the SMEs of South-West Europe
Madrid Aerospace Clusrter has been partner of this European Project designed to increase the competitiveness of small and medium-sized businesses in the space and digital technologies sector in the South-West of Europe, and to support their internationalization toward Latin America’s agricultural, environmental and maritime markets.
Small- and medium-sized businesses are a crucial part of the European economy. However, fewer than 30% of them export their products and services, and for many of them accessing a new market, especially outside of Europe, involves a lengthy and complicated process.
In conjunction with this, data markets are currently expanding globally, there is an increase in the launching of satellites and a great evolution in satellite technology. Nowadays, satellites proved over 10 petabytes’ worth of data each year. All this information represents a great opportunity as a business accelerator for the companies that have the necessary experience to develop new services, from following up on a commercial shipment to crop, livestock or pollution controls.
In this context, the NOVExport project has been created with the aim of supporting small- and medium-sized companies from the South-West of Europe in their growth toward Latin America’s agricultural, environmental and maritime markets through the technological maturation of their products and services thanks to the use of space and digital data, the internet of things, in order to satisfy the needs and overcome the challenges of those export markets.
The NOVExport Hubs
Six innovation and exports hubs: two in France (Montpellier and the French Basque Country), three in Spain (Badajoz, Bilbao and Madrid) and one in Portugal (Coimbra).
The goal of these hubs is to develop a favourable environment for the maturation of business projects and to foster a co-creation focus that will bring together the providers of space and digital technologies and application markets, while maintaining a focus on internationalization.
Each hub will select between 10 and 20 businesses that will have the chance to mature their prod uct while obtaining access to market information, space and digital data, learning and access to a customized diagnosis regarding their internationalization.
The project is funded by the Interreg Sudoe Programme through the European Regional Development Fund (ERDF). It is estimated to last for 30 months and has an overall Budget of 1.5 million euros.