Commercial analytical research organisations transnational strategy

CAROTS

Project timeline
Start:
October 2018
Duration:
33 months
End:
June 2021
General Information
The objective of CAROTS is to establish a new type of SME – Commercial Analytical Research Organisations (CARO) – providing services in various fields. CAROs will help enterprises to benefit from knowledge and potential of scientists and research facilities in the Baltic Sea Region (BSR). They will facilitate access of companies to research infrastructures (RI) and to scientific expertise needed to solve analytical tasks in areas like e.g. New Materials, Nanotechnologies or Life Sciences and thus significantly expedite innovation.
The BSR is a test bed for a new type of intermediaries between industry and analytical facilities RI. It is a rare chance to involve private capital – by investing in CAROs – in collaboration between industries and publicly owned analytical facilities. Although a few CAROs already exist in Europe, the market fails in generating additional enterprises of this type. Reason for that is a lack of risk capital or loans for the creation of new CAROs. In addition, a lack of visibility of existing CAROs hinders the creation of additional companies. Improved conditions along with greater visibility, a better knowledge transfer and the availability of more transparent financial data could help to attract entrepreneurs and venture capitalists to support CAROs. CAROTS will analyse the current situation in the BSR and develop solutions. It will integrate stakeholders from public administration, universities, large-scale RIs, venture capitalists, banks and existing CAROs, who all have influence on improving the framework conditions for CAROs.
CAROTS is an activity of the flagship project “A Baltic Science Link” in the priority area Innovation of the European Union Strategy for the Baltic Sea Region.
EU-Programme Acronym and Subprogramme AreaINTERREG Vb Baltic Sea Program
Project TypeINTERREG project
Contract Number#R076 CAROTS
Co-ordinatorDESY (DE)
Funding for the Project (€) Funding for HZG (€)
1,634,780239,345
Contact Person at HZG Dr. MarcThiry, Institute of Materials Research, WPN-DESY, Phone: +49 40 8998-6914
E-mail contact
Worldwide Europe

Participants
Danish Technological Institute (DK), DESY Stifung Deutsches Elektronen Synchrotron (DE), Foundation of Innovative Initiatives (PL), Investment and Development Agency of Latvia (LV), Lithuanian Innovation Centre (LT), Region Hovestaden (DK), Saint Petersburg State University of Economics (RU), University of Tartu (EE), University of Turku (FI)
CAROTS website
Last Update: 16. August 2019