Insights

Securing an invitation to the Grant Agreement Preparation (GAP) phase for an EU-funded project is a significant achievement, reflecting a proposal’s excellence in a highly competitive field. Entering the GAP phase marks the beginning of a detailed and time-sensitive process that must be completed before project activities can truly start. Spinverse’s Innovation Project Services are designed to guide organisations through every step from GAP to project execution, ensuring a smooth journey and maximising the project’s impact.

The four-year SUSPENSE project, coordinated by CHIMAR HELLAS S.A. from Greece, has secured EUR 7.48 million from Circular Bio-based Europe (CBE). SUSPENSE aims to develop innovative, sustainable bio-based adhesives targeted at replacing conventional fossil-based adhesives used in wood-based panels and insulation materials. Spinverse supported the SUSPENSE consortium in their successful project proposal process and will continue to work with the consortium as it prepares to kick off the project in October 2025.

The results of the latest Innovation Fund call (IF24) were published in November, and we want to warmly congratulate our clients we supported and who have been invited to start grant agreement preparations with the European Climate, Infrastructure and Environment Executive Agency (CINEA). Due to high competition and less funding awarded this year, many excellent proposals did not secure funding this time. This is the perfect time to take the steps for the next Innovation Fund call (IF25 - submission deadline in 2026), be it a resubmission or a brand new project proposal. We can support with both. It is also possible to apply for financial support for the project design costs via national agencies at least in Norway, Denmark and Finland.

The UNCAN-CONNECT consortium, with expert grant support from Spinverse’s digital health team, has secured a funding of EUR 32 million from Horizon Europe to implement the EU Cancer Mission’s flagship UNCAN initiative. This federated, multimodal data environment will drive collaboration among leading European institutions, transforming cancer research. This platform will enable secure, cross-border access to clinical, imaging and genomic data accelerating better understanding of cancer, novel discoveries and advancing patient care across EU.

Financial reporting in EU-funded projects is a structured and regulated process designed to ensure transparency, accountability and proper use of EU funds. Partners in so-called Actual cost projects need to submit financial reports every 12 or 18 months throughout the project duration. It is essential to prepare for the financial reporting from the first day of the project, to ensure calculation of costs is done correctly and proper records of all costs incurred are kept. It may take quite a bit of administrative effort, but when done properly from the start, it should not present any insurmountable hurdles! This is our overview based on our experience and the latest EU guidance and templates.

We are very happy to announce the promotions to our talented colleagues. Join us in congratulating Jayden, Mit, Sanaz and Robert.

The newly established European Innovation Council’s Strategic Technologies for Europe Platform (STEP) Scale Up scheme offers significant funding opportunities for growth companies, SMEs and small mid-caps alike, as well as for investors applying on behalf of eligible companies. This new EU funding scheme has already proven very popular, should you also apply for it? Reach out to Spinverse to find out more about this opportunity and if your company is eligible.

Release your company’s potential with Spinverse. We can provide you with expert guidance for every stage of your innovation journey. One of the paths to accelerate your business is to make use of European equity and debt funding. Learn more about this option with us.

At Spinverse, we are delighted to highlight our role as a founding member of the European Association of Innovation Consultants (EAIC), with our Director Eeva Viinikka serving on the Board. Since its establishment in 2020, EAIC has grown into a dynamic network which now unites 60 members across 28 European countries, all dedicated to elevating standards and impact within the innovation consulting sector.

During the summer months, we have welcomed yet another group of skilled professionals at Spinverse. Our new colleagues will bring onboard their expertise in digital health, ICT and legal. Warm welcome to Samuli, Megan, Oscar and Eetu!