BELT-Baltic Entrepreneurship Laboratories

Project summary

The BELT project creates new joint companies and cooperation between start-ups in the Central Baltic region. The project develops joint and cooperating business opportunities under the theme of Smart City. BELT attracts entrepreneurship-oriented, already experienced and talented students as well as potential start-ups to the project incubator activities through relevant networks, platforms and university road shows in the partner locations.

Key activities are joint business development BootCamps and coaching for students and start-ups to develop and commercialize their business ideas and look for additional team members across borders. Additionally, a coaching network will be created to offer business coaching for the established joint teams and best co-operating business ideas from the BootCamps to help them find seed funding for their businesses.

The project aims to result in at least 5 joint and 10 co-operating knowledge intensive enterprises. The project will support 30 new knowledge intensive business ideas in the Central Baltic region.

Project outputs and results

The project will produce a network of motivated students and startups, summary of the talent and business environment profiles of each partner location, documented BootCamp matchmaking methods, coaching best practices manual and a network of coaches that will be used after project duration in the ordinary activities of the Spinno and Demola network.

The project helps created joint companies to find financing opportunities to develop their business also after the project. The partners will guide all business ideas that are developed during project to already existing players in the startup ecosystem like incubators, accelerators and other organizations that help and support knowledge intensive startup companies. All created business ideas will be supported comprehensively during project in order to develop sustainable business solutions that will benefit the CB region also after the project.

BELT Partners

New Factory Ltd.  (FI)
Laurea University of Applied Sciences (FI)
Almi Demola East Sweden  (SE)
Riga Technical University (LV)
The Baltic Institute of Finland (FI), Lead Partner

Associated Partners

Tampere Region Economic Development Agency Treadea (FI)
City of Tampere (FI)
Jūrmala City Council (LV)

Duration and budget

Project duration: 1 October 2015 – 30 September 2018 (36 months)
Lead partner: The Baltic Institute of Finland
Total project budget 1.1 M€
Total ERDF support: 840 000 €

BELT – Contact

Senior Specialist Ms. Minna Säpyskä-Aalto
Email: minna.sapyska(at)
Mobile: +358 50 587 0357