Article published in Sustainability. From the published abstract: Impacts in the form of innovation and commercialization are essential components of publicly funded research projects. PHUSCOS ("According to Nature" in Greek), an EU Horizon 2020 Program (H2020) Innovation Action project, aims to demonstrate the use of nature-based solutions (NbS) to mitigate hydrometeorological hazards in rural and mountainous areas... An innovation strategy and supporting tools for implementing this within PHUSICOS has been developed and key concepts forming the basis for this strategy are presented in this research note.