The story of European innovation is increasingly a story of urban innovation hubs – cities constantly refining and developing their innovation fabric to both foster home-grown startups and attract others from across the continent.
In parallel, large companies are increasingly supporting startups, which provide them with new solutions and business opportunities.Challenge-based innovation brings them together with other city and regional stakeholders to:
Challenge-based innovation is a carefully designed, four-stage process:
The result: startups with innovative products and services, each precisely designed to meet the needs of a Challenge Owner, who becomes their first client. But they get a lot more than that.
Most cities, after all, face similar problems. Apart from helping local entrepreneurs solve one of their city's Challenges, each innovation programme accesses META's Europe-wide network of cities and investors. Startups are promoted to cities with similar problems, and investors interested in their solutions, across Europe.
In short, everything you need to implement a challenge-based innovation programme in your region or city. There are several components:
META combines venture capital fund management, entrepreneurial training and innovation consultancy into an integrated Platform for transforming knowledge into entrepreneur-driven growth. Learn more about what we do.
We developed the Innovation Platform by adapting the originally US challenge-based innovation process to a European setting, notably via the TWIST and Social Innovation research projects. The lessons learnt were then reflected into the META Innovation Platform.
We have a dedicated technical support page for users accessing websites driven by the META Innovation Platform. For any questions regarding the website or services provided by the META Innovation Platform, please contact us..