Must be aligned with Innovation Wales (and Science for Wales) as part of demonstrating smart specialisation. SO(1.2) To increase the To deliver the result indicator, successful translation of investments should focus on the launch research and innovation (%) Average share of • and commercialisation of new products, processes into new and total turnover from processes and services by Welsh improved commercial product innovation, and businesses. products, processes and novel innovation: new to Businesses located services, in particular market, new to business in the programme through improved Benefits need to be captured in Wales and significantly All Wales area able to technology transfer from and be reflected in turnover of Welsh improved (UKIS): contribute to the HEIs businesses. result indicator Target (all Wales): Identify international links / partnerships, Increase from 22% to including potential transnational activity. 23-24% WW&V = £143,672,439 Collaboration opportunities should consider potential for industrial-led EW = £44,380,417 collaboration and involvement, rather than solely related to HEIs. Links to other programmes should be considered - as a minimum ESF and H2020. ERDF Priority 2: SME Competitiveness WW&V: ERDF allocation EW: ERDF allocation £166,394,723 £31,896,377
All Wales SO(1.2) To increase the successful translation of research and innovation processes into new and improved commercial products, processes and services, in particular through improved technology transfer from HEIs WW&V = £143,672,439 EW = £44,380,417 • (%) Average share of total turnover from product innovation, and novel innovation: new to market, new to business and significantly improved (UKIS): Target (all Wales): Increase from 22% to 23-24% Businesses located in the programme area able to contribute to the result indicator Must be aligned with Innovation Wales (and Science for Wales) as part of demonstrating smart specialisation. To deliver the result indicator, investments should focus on the launch and commercialisation of new products, processes and services by Welsh businesses. Benefits need to be captured in Wales and be reflected in turnover of Welsh businesses. Identify international links / partnerships, including potential transnational activity. Collaboration opportunities should consider potential for industrial-led collaboration and involvement, rather than solely related to HEIs. Links to other programmes should be considered - as a minimum ESF and H2020. ERDF Priority 2: SME Competitiveness WW&V: ERDF allocation £166,394,723 EW: ERDF allocation £31,896,377
Wefo_Summary_of_Structural_Funds.docx