European Union:
Horizon 2020 Funding
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2014 sees the opening of the Horizon 2020 EU research and
innovation funding programme. With nearly €80 billion of
funding available over the next 7 years, it is an opportunity not
to be missed. Of particular note is the new SME instrument
which will provide funding dedicated to SMEs with a strong ambition
to grow, develop and internationalize. At least €3
billion will be allocated to the SME instrument over the course of
the programme.
The SME instrument includes 3 phases. In phase 1
(feasibility), up to €50,000 is available for proof of concept
/ technological and commercial feasibility assessment over 6
months. In phase 2 (innovation), €1 – 2.5 million
is available over 1 – 2 years for main development activities
such as demonstration, testing, prototyping, miniaturization,
design, etc. Finally phase 3 (commercialization) is supported
indirectly through facilitated access to debt and equity financial
instruments.
Horizon 2020 aims to reduce bureaucracy and reduce the time to
grant which should see your innovations getting up and running
faster.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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