From seed to flagship

To align project funding thematically with the EU Strategy for the Baltic Sea Region is an ongoing challenge in the macro-region. The EUSBSR Seed Money Facility, managed by Investitionsbank-Schleswig Holstein (IB.SH), has proven to be a strong tool to support this alignment. One example that illustrates this alignment is the first call for applications of Interreg Baltic Sea Region.

One third of approved concept notes result from EUSBSR seed money
Interreg Baltic Sea Region recently invited 25 seed money partnerships to submit a full application this summer. Thus, almost one third of the 81 Interreg Baltic Sea Region concept notes going to the second application step evolved from an EUSBSR seed money project. In total, 282 concept notes had been submitted. Out of those, 41 came from EUSBSR seed money projects.

EUSBSR objectives well covered
The successful concept notes from EUSBSR seed money are well distributed among the EUSBSR objectives “Save the Sea” (10 concept notes), “Increase Prosperity” (6) and “Connect the region” (5) as well as the horizontal actions (4). They cover those priority areas and horizontal actions that fit by their thematic scope to the funding priorities of Interreg Baltic Sea Region.

Seed money brings forward flagship projects
Overall, seed money from different sources has helped to bring forward a substantial number of concept notes for Interreg Baltic Sea Region with a good potential to become EUSBSR flagship projects, i.e. 33 out of 81 concept notes selected for the second application step. Out of these, 22 have received seed money funding from one of the sources listed in the chart below.

Pie chart of selected concept notes in Interreg Baltic Sea Region with a potential to become flagship projects for the EUSBSR

Seeds are growing: Most EUSBSR Seed Money projects have resulted in applications

Seed money projects for the EU Strategy for the Baltic Sea Region (EUSBSR) are vividly applying for funding from sources such as Interreg, BONUS, Erasmus+, HORIZON2020, LIFE or DG Mare. The EUSBSR seed money funding has helped to deliver almost 70 project applications. Ilze Ciganska from the EUSBSR Seed Money Facility gives more insight into the outcomes of this new tool to support the implementation of the EUSBSR.

Find the interview here. 

Seed money granted to 18 projects

The third project approval was closed on 13 October 2014 resulting in 17 new seed money projects contracted.

This financial decision focused on applications submitted by May 2014. The approved projects cover eleven priority areas of the EU Strategy for the Baltic Sea Region (Culture, Education, Hazards, Health, Innovation, Nutri, Secure, Ship, SME, Tourism, Transport) and two horizontal actions (Neighbours, and Spatial Planning). The seed money projects will start within the upcoming two months and have the goal to compile concepts for full-scale international projects within one year.

Currently there are no calls open.  New deadlines for seed money project submission will be announced in the upcoming months.