Bankruptcies lead to economic and social insecurity and tax revenue decrease. The Restart BSR project brings together innovation actors in Estonia, Latvia, Lithuania and Poland to offer 'soft' innovation support to small and medium sized enterprises that are experiencing stagnation and are heading towards bankruptcy. Apart from restarting businesses onto a new path of growth, the project kicks off policy dialogue to frame measures to support innovation and growth of companies facing stagnation or financial distress in the Baltic Sea region.