PERISCOPE aims at establishing a permanent innovation ecosystem in the North Sea Region to grow transnational innovation partnerships for sustainable business development in emerging blue markets.

The NSR is a crucial area for Europe's Blue Economy with marine resources, technologically- advanced industries, major port areas and increased offshore activities. Due to global drivers, the wider maritime, marine and offshore economies are exposed to profound challenges with some industries undergoing significant changes, including increased production, as well as stagnation and decrease of production - the NSR is experiencing a period of considerable restructuring.

These new cross-border and cross-sectorial prospects generate new challenges and ask for trans-national and inter-sectorial solutions supported by incentives to break out of existing silos.

PERISCOPE strengthens cross-sector Blue Growth innovation capacity in the NSR by bringing together the players (businesses, entrepreneurs, clusters/networks, researchers, universities, business angels, incubators, investors and funds, customers/users, regional and local authorities and development/business support agencies) for knowledge sharing, identification of emerging blue market opportunities, acceleration and launch of new innovation-projects and partnerships for sustainable business development.

PERISCOPE´s novel approach to establish a permanent strategic foresight platform at the core of the ecosystem gives a new framework for bottom-up knowledge transfer, while allowing public sector to enhance smart specialisation strategies and support businesses and knowledge institutions to take advantage of the opportunities and growth potential identified within the ecosystem. SMEs benefit by gaining access to strategic know-how, resources and new cross- border knowledge partnerships, which may lead to new markets unfolding.