"The DISCOVER-IT objective is to support SMEs innovation processes through an advanced information system based on semantic technologies. The project starts from the results reached in the European project ""INSEARCH"", consisting in a prototype information system able to support SMEs in the search and extraction of knowledge related to innovation process present in structured and unstructured information sources within enterprises and on the Web.The final objective of DISCOVER IT, reached through technical improvements of the INSEARCH results and demonstration in real use cases, will consist of:- an advanced information system based on semantic spaces for lexical semantic information in Information Retrieval, able to search and retrieve relevant knowledge for innovation processes such as patents, scientific papers and documents; it is also able to monitor sets of URLs of interest for the users, and to crawl and recommend web sites providing contents relevant to the innovation processes of SMEs;- a complex form of search and exploration across innovation-related data through semantic models for exploratory search;- the application of state-of-the-art methods of correlations among textual properties of documents to discover novel concepts in data streams."