In a collaborative effort between Estonia and Latvia, the European Union is driving innovation and growth for small and medium-sized enterprises (SMEs) through the “Twinnovation” project. The primary goal of the project is to equip SMEs in the program area with practical tools for embracing innovation processes essential for implementing the Twin Transition, while also encouraging the launch of innovative solutions in their processes, products, or services.
The project is from 11/2023 to 11/2025. In this time the focus is on facilitating the growth of SMEs in the Estonia-Latvia cooperation area by providing them with tangible resources and strategies for embracing innovation. The initiative recognizes the significance of the Twin Transition – the simultaneous transformation towards a green and digital economy – and aims to empower SMEs to integrate innovative practices into their operations.
The Twinnovation project is financed by the European Regional Development Fund- euro 468 550.00- and Co-financed by the partners- euro 117 137.50.
PERUZA aim in the project revolves around a clear and ambitious goal to enhance our customer efficiency by seamlessly integrating Internet of Things (IoT) technologies into equipment. By embedding smart and interconnected capabilities into equipment, PERUZA aims to empower SMEs with real-time data insights, streamlined processes, and heightened operational efficiency.