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EU funding (8)

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The latest success story: Using wind to save fuel in the global maritime industry. Finnish SME secures European funding

Shipping companies are actively looking for solutions to reduce fuel consumption and environmental emissions of vessels, particularly due to the recent fuel price instability as well as the forthcoming environmental regulations. Spinverse customer Norsepower is ready to address this challenge utilising new technology, advanced materials and leading-edge control system.

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Three out of five Finland's winning SMEs secured EU funding with the help of Spinverse

5 small and medium-sized companies (SMEs) from Finland have been selected in the latest round of Horizon2020 SME Instrument Phase 2. Each project receives up to € 2.5 million to finance innovation activities. Three out of five Finland’s winning cases in this cut-off secured funding with the help of Spinverse.

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Kaidi Finland receives nearly 90 M€ of EU funding for Kemi biofuel refinery

The European Commission has decided to grant EUR 88,5 million of NER 300 investment subsidies for the biofuel refinery planned by Kaidi in Ajos, Kemi. NER 300 is one of the world's largest funding programmes for innovative low-carbon energy demonstration projects. The application was prepared by Spinverse.

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Horizon 2020 - First results

On 6 July, EC published the first results of Horizon 2020 including the statistics of the first 100 calls that closed by 1 December 2014. 36 732 proposals were evaluated by 9 325 experts and about 3 200 projects have been awarded a total of €5.5 billion in EU funding. The overall success rate was about 14% (down from 20% for the whole FP7). France and Belgium had the highest success rates (about 17%). 38% of successful applicants were newcomers, which is a great improvement compared to 13% in the last year of FP7. 40% of newcomers were SMEs and this helped to meet the target of 20% for SME participation (up from 16% in FP7). The SME Instrument introduced in H2020 turned out to be very popular and 5% of the 20% EU financial contribution to SMEs ended up coming from SME Instrument. The popularity - 4 694 new applications  - caused the success rate of SME Instrument to plummet down to 7.3%.

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