The Horizont 2020 EU-Innovation Action project “InnoForESt” (GA Nr. 763899): Smart information, governance and business innovations for sustainable supply and payment mechanisms for forest ecosystem services started in November 2017. The overarching objective of InnoForESt is to steer policies and businesses through the establishment of new actor alliances and payment schemes in the forestry sector demonstrating the feasibility of alternative income streams from forest ecosystem services not yet harnessed by traditional markets. More information is available at https://innoforest.eu.