A new round of Eureka Eurostars funding is open for applications! Through this competition, UK registered SMEs can apply for a share of £2.5 million for collaborative research and development projects. They must develop an innovative product, technology-based application or technology-based service with high market potential.

Scope

All proposals must demonstrate:

  • a clear game-changing or disruptive innovative idea leading to new products, processes or services
  • a strong and deliverable business plan that addresses market potential and needs
  • sound, practical financial plans and timelines
  • good value for money
  • a clear, evidence-based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion
  • clear, considerable potential to significantly benefit the UK economy and/or national productivity
  • the benefit of participants from the countries working together and how this adds value
  • a clear definition of where intellectual property (IP) can be used and shared between the participants and countries
  • a clear route to market within two years of project completion or the commencement of clinical trials if applicable
Eligibility

UK registered SMEs can apply for a total grant of up to €360,000 or 60% of the total eligible project costs (whichever is the least).

To apply, you must fulfil the following seven eligibility criteria:

  1. The project lead is an innovative SME from a Eurostars country.
  2. Your consortium includes at least two independent entities.
  3. Your consortium includes entities from at least two Eurostars countries
  4. The budget of the SME(s) from a Eurostars country, excluding subcontracting, is 50% or more of the total project cost.
  5. No single participant or country is responsible for more than 70% of the project budget.
  6. The project duration is less than 36 months.
  7. The project has an exclusively civilian purpose.
How can RedKnight help?

RedKnight has an excellent track record with supporting applications to Eureka Eurostars. For example, we recently won €674,160 on behalf of the FrOLik consortia – read more about this here.

This competition is open from 2nd September until 4th November. For more information and to apply, please visit the competition page. Additionally, if you are looking for bid writing support and would like to arrange a free consultation, get in touch today.

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