Commercial analytical research organisations transnational strategy

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 Area	INTERREG Vb Baltic Sea Program
Project Type	INTERREG project
Contract Number	#R076 CAROTS
Co-ordinator	DESY (DE)

Funding for the Project (€)	Funding for Hereon (€)
1,634,780	224,343

Contact Person at Hereon

Dr. MarcThiry, Institute of Materials Research, Materials Physics, Hereon Outstation at DESY in Hamburg, Phone: +49 40 8998-6914 E-mail contact

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)

Last Update: 16. April 2021