TableĀ 2

Business model components and examples of cluster activities

BM value dimensionBM ComponentExamples of cluster activities
Value creationValue proposition
  • -

    Codevelop new value offers by partnering with businesses, research institutions and organizations

Key partners
  • -

    Collaborate on innovation projects with SMEs to test and adopt new technologies

  • -

    Build strategic alliances with NGOs, private firms and/or industry associations to access new markets and resources

  • -

    Join SME networking events to share insights, challenges and best practices

Key activities
  • -

    Conduct market research and technology assessments to identify growth opportunities

  • -

    Manage co-creation processes with stakeholders to ensure mutually beneficial outcomes

  • -

    Prototype and test new equipment to reduce costs and product quality

Key resources
  • -

    Set up innovation labs or testing spaces for hands-on development of new ideas

  • -

    Jointly utilize expensive and specialized technological equipment

  • -

    Run training programs to enhance technical, business and leadership skills

  • -

    Host expert-led workshops that offer practical knowledge on industry and market trends

  • -

    Create internship programs to bring fresh perspectives and build future talent

Value deliveryCustomer relationships
  • -

    Facilitate customer workshops to explore new ways of working and improving engagement

Customer segments
  • -

    Analyze customer segments to develop tailored solutions that meet specific needs

Channels
  • -

    Organize industry meetups for direct interactions with leaders, stakeholders and collaborators

  • -

    Connect with potential distributors and retailers to expand market reach

Value captureCost structure
  • -

    Implement cost-optimization strategies to improve profitability and competitiveness

Revenue structure
  • -

    Seek and apply for funding opportunities from governments, international grant programs, banks or venture capital

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