BIOVEGEN has recently joined the Advisory Board of the MPowerBIO project, which will empower European clusters in the bioeconomy sector to be better adapted and help SMEs overcome the so-called “valley of death,” that is, to attract investors to move from idea to marketable product or service.

The goal of the project is to establish and implement a program that enhances the capabilities of 90 clusters and a business support program aimed at 250 selected SMEs within their networks, all aimed at improving the willingness to invest in those SMEs.

MPowerBIO (“Empowering clusters to help SMEs overcome the valley of death”) is co-financed by the Bio-Based Industries Joint Undertaking (BBI-JU) as part of the European Union’s Horizon 2020 research and innovation program.