Round 10 of EUREKA’s Eurostars 2 funding has opened on Monday.
Are you an innovation-led SME? Are you conducting international collaborative research and innovation projects? Then the Eurostars funding might be for you!
The application deadline is Thursday, September 13th at 7:00 pm. Here is a recap of what you need to know before you start.
The amount of the funds available for this round is £2.5 million.
You can apply for up to €360 k (£317 k) for each project partner. Your eligible costs can be covered up to 60% by this.
Projects can last up to 36 months and the major project result must reach the market within 2 years after the end of the project.
In the UK, Eurostars will only fund research-led SMEs. This means universities, research and technology organisations or large companies cannot benefit from this grant.
Your project and company must fit both Eurostars and Innovate UK’s eligibility criteria:
- you need to form a consortium of at least 2 legally separated companies. The leader of this consortium must be from a Eurostars country*. Please note that subcontractors are not considered as partners and that you cannot subcontract project management
- your project must aim at developing a new product, service of process
- partners must be registered at Company House. They must moreover have been trading for at least 12 months at the time of the deadline
- your company must carry out all the work presented in the UK, and spend all the project funds in the UK
- your labour cost must be on a pay-as-you-earn basis
- there is a 20% cap for the UK partner eligible cost on UK subcontracting
- your project must have a civilian purpose
- R&D must account for at least 50% of the total budget
- no single entity can be responsible for more than 75% of the total project budget
- you can only apply to one Eurostars project at a time
Note that your partners must follow the eligibility criteria of their countries’ national funding bodies.
How to apply to this funding competition
You need to register on the Eurostars website in order to submit your application. Eurostars has produced a guide — which is available here — to guide you through your application. You will need to write a convincing pitch highlighting your project viability, in terms of technology as well as commercialisation.
The grant application is split into six sections:
|1||The pitch||An overview of the project: title, acronym, abstracts and its technical and market areas.
|2||The business case||A business analysis to prove your project's economical viability.
|3||The project||Explaining your project from a technical perspective.
|4||The Work Packages||A detailed overview of the project management you will be implementing.
|5||The consortium||An overview of the participants, their relationship and their respective roles within the project.
|6||The participants||An in-depth legal and financial analysis of the participants. An assessment of the project's impact on your organisation.
How to maximise your chances to get a grant
To start with, you can read our series of post: “Where the heck do I start?“.
But actually, the best way to maximise your chances of success is to work with us. Get in touch!
* Eurostars Countries: Eurostars Participating state (Austria, Bulgaria, Belgium, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom) or Eurostars Partner country (Canada, South Africa, South Korea).