BUCANIER (Building Clusters and Networks in Innovation Enterprise and Research) aims to support small businesses on the Irish Sea border over the next three years.
It seeks to increase innovation capacity within SMEs and social enterprises by collaborating with Higher Education institutions and other public bodies to boost productivity across Ireland and Wales.
The project will work in the key growth sectors of the Welsh and Irish economies, food and drink, life sciences and renewable energy.
The project will see lead partner Pembrokeshire County Council join forces with Swansea University and Carmarthenshire Council in Wales and Carlow Institute, Bord Iascaigh Mhara and Wexford County Council in Ireland.
BUCANIER will deliver innovation master-classes, offer business mentoring and create new networks between Wales and Ireland which are aimed at helping enterprises in the same sectors share knowledge, increase cross- border trade and create new jobs.
The project will invest in ideas for the design, development, testing and delivery of new products, processes and services by applying design based innovation that will bring new product/service ideas closer to the commercial market.
BUCANIER will also assist the formation of cross-border clusters and networks that allow the transfer of knowledge between Higher Education Institutes and SMESs. The aim is to develop the efficiency of the industry by sharing knowledge, practices and contracts.