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Memorandum of Understanding

We are proud to share a major milestone in the development of the Sole MED Open Labs Network. On the occasion of our 4th Transnational Meeting in Banja Luka, all seven core project partners officially signed the Memorandum of Understanding (MoU), establishing a unified foundation for cross-border collaboration across the Euro-Mediterranean region.

Why the MoU Matters

The MoU serves as a non-binding cooperation framework designed to anchor and expand our transnational network of Open Labs—collaborative spaces dedicated to open innovation and knowledge sharing in the circular bioeconomy. It defines our shared vision, core principles, and modalities of collaboration, ensuring that our collective work continues to generate impact well beyond the project’s funding period.

Built on Five Core Principles

The Sole MED Open Labs Network is guided by five key pillars:

  • Open Innovation: fostering open collaboration and knowledge exchange between startups, research centres, and public institutions.

  • Transnational Cooperation: sharing tools, methodologies, and best practices across Mediterranean territories to support green entrepreneurship.

  • Bioeconomy Focus: promoting initiatives centered on the sustainable use of natural and biological resources.

  • Inclusiveness: making innovation infrastructures and mentorship accessible to young people and aspiring entrepreneurs.

  • Sustainability: driving business models that contribute directly to the green transition and long-term economic development.

Expanding the Ecosystem: Join Our Network

The official signatures by our project partners —representing Italy, Greece, Cyprus, Spain, Bulgaria, and Bosnia and Herzegovina—mark just the first step. Moving forward, the MoU will be extended to Associated Organisations and Collaborating Stakeholders (including innovation hubs, SMEs, universities, incubators, accelerators, and chambers of commerce) across all partner regions.

By bringing together key actors from regional ecosystems, we are preparing the ground for upcoming joint initiatives, including the rollout of our Bioeconomy Start-up Creation Lab (SUCL) and long-term regional cooperation.

Explore the photo gallery below to see the official signatures from each partner organization that seal our commitment to a smarter, greener Mediterranean region!