Spinverse Senior Consultant Riikka Paasikivi has opened up the Horizon 2020 SME instrument in an article for the Finnish Kemia (Chemistry) magazine. The SME instrument is targeted at companies aiming for strong international growth and that bring to the markets new competitive products or solutions.
European Funding (2)
The European Commission is launching the biggest Framework Programme for Research and Innovation, Horizon 2020. Its budget of 70 billion for seven years is the biggest of its kind in the world. In the previous Framework Programme, Finland was a net recipient: we received 1.33 times more money than we contributed. Many things will change this time around and there is a possibility that we’ll be left with nothing.
The right tools to boost R&D for technology-driven companies
European sources can provide very substantial support for company’s investment in R&D. For example, compared to TEKES, the percentages of allocated funding can be larger: 50% for demonstrations, 75% for research activities and 100% for the coordination of projects. On the other hand, the competition in all EU-funding is tougher, and the amount of bureaucracy higher.