Central Baltic ICT - Export Meta Cluster (Q4301098)
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Project Q4301098 in Latvia, Sweden, Estonia
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Central Baltic ICT - Export Meta Cluster |
Project Q4301098 in Latvia, Sweden, Estonia |
Statements
1,814,790.06 Euro
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2,320,878.48 Euro
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78.19 percent
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1 September 2015
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28 February 2019
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Fiber Optic Valley AB
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61°42'58.39"N, 17°5'49.56"E
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59°25'17.80"N, 24°48'4.25"E
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56°57'26.39"N, 24°7'3.47"E
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61°43'28.67"N, 17°6'29.27"E
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Small and medium sized enterprises (SME) have always difficulties to start selling its products. SMEs have little or no recognised brand name, limited resources for promotion and difficulties attracting capital. Those are the major factors restricting sales start as well as further expansion, specifically applying to the ICT sector where the global market competition is fierce. SMEs within the Central Baltic countries are in an even more challenging situation due to a very small size of domestic markets making it necessary to go into new markets. The Central Baltic ICT Export MetaCluster (CBI EMC) addresses these export efforts in a focused, innovative and very cost efficient way. The project partners complement each others experiences, competences and contacts. Through joining resources on a country level it will be possible to: (1) elevate branding, (2) join and jointly use available resources for market studies and promotion, (3) establish constellations eligible for further expansion at new markets. The ICT Meta Cluster targets the Specific Objective 1.3 “More exports by the Central Baltic companies to new markets” in Programme Priority “Competitive Economy” by exploring new markets outside the EU with the overall objective of achieving at least nine new sales of ICT products or services in within the duration of the project. The ultimate goal of the project is to help the cluster SMEs to establish, expand and settle their ICT products at the new markets, which can give the cluster SME resources for further development over the globe. The Central Baltic ICT Meta Cluster unifies in total 400 innovative ICT-oriented companies in Estonia, Latvia and Sweden. The cluster exploit a new organisational approach when business and technological units are supported by a common toolbox for achieving sales on new markets. The project aims at reducing the urban-rural disparities through supporting the long-term evolution of the spatially-diverse partner SMEs. (English)
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