EUREKA NEWS

EU exceeds funding target for small businesses involved in research

The seventh Framework Programme (FP7), the EU's instrument for funding in science and technology was set with the objective to invest 15% of the total available budget of the programme in Small and Medium-sized Enterprises (SMEs). The European Commission, the European Union's executive body, announced on October 25th that this target had been exceeded, as SMEs have so far received 16.3% (€2.9 billion) of the budget.

The Eurostars Programme, managed by EUREKA, as the unique funding scheme within FP7 to be dedicated to research-performing SMEs, is an important contributor to this success.