It has been sometimes pointed out that traditional support instruments for innovative activities can carry a significant administrative load and long implementation periods that make them occasionally poorly suited to small enterprises. With the above in mind the overall ambition of the FAD-INS project is to demonstrate the viability and efficiency of innovation vouchers as key elements in innovation financing.

Description of the project - Aims and objectives

Specific objectives:

  • To implement an innovation voucher scheme targeting the fashion, industrial design and audiovisual sectors.
  • To enable networking and matchmaking.
  • To reduce administrative requirements.
  • To deliver “on demand” support for innovation.
  • To deliver more and better innovation support activities.
  • To ensure the long term sustainability of innovation vouchers.


During the FAD-INS project implementation the involved team will develop activities such as: learning from past experiences, examining the needs of companies, clearly defining the steps to take to deliver the support, identifying suitable providers and carrying out a well designed pilot action via which 25 enterprises will receive innovation support through innovation vouchers.

In addition to the above, FAD-INS also intends to foster cooperation between enterprises via matchmaking events, to involve SMEs in the planning stages of the service and delivery definition, and to get the necessary commitment from the relevant public entities to ensure that vouchers will become a permanent part of the innovation support system.

Actors involved

Not yet applicable

Expected outcomes and impacts

The Chamber of Commerce of Barcelona strongly believes that innovation voucher schemes have proven themselves to be highly efficient in encouraging innovation activities by SMEs and strengthen their ties with various knowledge providers. With this initiative the Chamber of Commerce wants to provide flexible and non-bureaucratic innovation support based on the requirements and needs expressed by SMEs.

Key outcomes:

  1. Providing a clear demonstration at a regional level that voucher schemes can work efficiently and match the needs of smaller firms.
  2. Demonstrating to the relevant public authorities that vouchers are highly transferable to other sectors than the ones targeted in the project.
  3. Carrying out the necessary actions (inclusion of voucher scheme in the Regional Operational Plan) to secure long term financing of at least 120 enterprises per year via one or various voucher schemes.


“Voucher Schemes have shown a clear potential to become a widespread and non bureaucratic manner through which innovation may be encouraged”, Maria Segarra, Director of Competitiveness and Training at the Chamber of Commerce Barcelona.