ENVISION is an EU funded program aiming at Understanding and supporting business model innovation, with a specific challenge set out by EU in HORIZON 2020 INSO-2-2014 call:
"Technologies as such do not have a specific value. Their value is determined by the business models used to bring them to a market. The return on Europe's investments in technology and process development therefore depends not only on the overall framework conditions for innovation and entrepreneurship, but also on effective business models. However, many European enterprises, whether large or small and medium sized, lack awareness and tools to innovate their business models. Against this background, the challenge addressed by this topic is to facilitate innovation in business models and allow a maximum number of companies to innovate their business models."
In the academic community, Business Model Innovation (BMI) has for a long time been recognized as the key to improved competitiveness and innovativeness. However, BMI does not reach SMEs yet nor is there knowledge on how SMEs conduct BMI in practice. Empowering SMEs to conduct BMI requires new approaches.
By leveraging existing networks and communities, ENVISION gathers examples, best practices and insights on Business Models (BM) from case studies from each and every European region or industry, complemented with insights from other leading countries worldwide. The BM vortex will thus generate an enormous and rich library of business models patterns and managerial structures, provided on a platform, to support SMEs in these communities. We will also develop innovative tooling and provide them on the platform to makes it easy for SMEs to develop, evaluate and plan new business models.
The main outcome of the project is businessmakeover.eu platform at http://businessmakeover.eu