Private sector companies that are participating in a lot process work in individually assembled teams, to develop needs-based solutions that are marketable, independent of long-term financing and have a positive impact on sustainable development. These teams then are also supported by experts from research, politics and civil society. Through lot programmes, numerous products have been developed and established on the market. Notable examples include those of Wingcopter and MaishaMeds.
The lab of tomorrow is part of the AWE project development component.
Creating Innovations, Limiting Market Risks
Each lot program aims to overcome identified challenges in a country or region by developing needs-based products or services. To this end, the participating companies have access to dedicated professional support, and market and needs analyses. In this way, the teams can develop viable solutions within a short period of time and place them on the market. Investments of more than 100 million euros have been raised for this phase of a lot program.
A lot program typically involves 20 to 40 specially selected companies.
To date, 24 ventures have emerged from the 20 or so lot programs, 15 of which are already active on the market.
Opportunities For Companies and Investors
Among other things, companies benefit from access to new markets and the opportunity to further develop their product portfolio. They strengthen their network through contacts with business, research and politics. At the same time, they contribute to the socio-ecological and just transformation.
Through the lab of tomorrow, investors, accelerators, and product development programs gain access to innovative start-ups and established companies.
Target Group
Companies based in Europe seeking appraisal of investment projects that make sense in terms of development policy
Requirements
- Medium-sized companies with an annual turnover of less than 500 million euros
- Internationally competitive concept for the planned investment
- The company commissions the study and bears at least 50 percent of the costs
- In principle, the company is technically and economically capable of carrying out the planned investment.
Support
- Intensive coaching in the development of new business models within the framework of a four-day innovation workshop with business and innovation experts (design thinking, business design).
- Accompanying coaching during the innovation process of about one year for the further development and implementation of the solution in the partner country
- Access to a large network of European and local actors from the private sector, administration and research as well as investors
Term
- The innovation process is accompanied for about one year.
- The duration of the test and pilot phase is about half a year.
Application
The current innovation processes and conditions of participation are published on the programme website.
Would you like to open up new markets? Get in touch with us!
Eric Schütz
Agency for Business and Economic Development
- Phone
- +49 228 4460-4418
- Send Email
- Location
- Deutschland
David Brand
Agency for Business and Economic Development
- Phone
- +49 30 72614-191
- Send Email
- Location
- Germany
Moritz Fonda Ludwig
Agency for Business and Economic Development
- Phone
- +49 6196 79-3866
- Send Email
- Location
- Germany