Business Innovation Synergizer – Media Innovation Europe

• Eligibility Criteria
  – Compliance with the submission deadline. If the deadline has not been met, the application will automatically be rejected;
  – Compliance with the countries eligible for application;
  – The Application Form satisfies all criteria specified. If any of the requested information/document is missing or is incorrect, the application may be rejected on that sole basis and it will not be evaluated further.
• Type of Funding: Programmatic
• Target Region: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Kosovo, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia, and Slovenia
• Application Language: English

The Business Innovation Synergizer (BIS) call aims to support media organisations with developed and validated business plans or development strategies.

The overall objective of the Business Innovation Synergizer is to improve the business sustainability of professional media and make journalists and media outlets more resilient to any external threat.

Vehicles of support

The key vehicles of support include grants and business mentoring:

• Grants provide financial support to media organisations, enabling them to invest in their capacities, infrastructure, and innovation.
• Business mentoring offers personalised guidance and support; helps beneficiaries develop strategic plans focused on digital growth; exploring new revenue streams, innovative modalities of work by application of AI and navigating challenges in a rapidly changing media landscape.

As part of the long-term strategy, supported media will:

• Become more resilient against financial and operational challenges, allowing them to continue delivering quality journalism despite political and economic threats;
• Develop sustainable business models that include diversified revenue and innovative audience engagement strategies;
• Be encouraged to integrate innovative approaches, practices, and tools (including AI and digital products) that will enhance operational processes, content production, and business models of supported media and
• Increase trust among their audiences and clients and provide high-quality content and services.

Funding Information

Media applying for the Business Innovation Synergizer may consider applying for grants ranging up to 30.000 EUR.

See here to learn more and apply.

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