This document discusses the FIN-URB-ACT project which focuses on supporting small and medium enterprises (SMEs) and innovative economies in European cities. The project will distinguish between support for small entrepreneurs and high-tech projects, as they require different strategies. Cities can play an important role in directly supporting small businesses, but for innovative economies they are better positioned to foster linkages between support bodies. The project also aims to improve vertical cooperation between cities and EU funding authorities to better distribute financial resources to local SMEs. It emphasizes the importance of partnerships between public, private, and academic stakeholders to coordinate support instruments and meet business needs. The FIN-URB-ACT cities will develop these local partnerships to improve their SME