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EUREKA NEWS

Towards more convergence in national funding rules for SMEs

date of publication > 09-January-2013

The Eurostars Programme is the only funding instrument at European level to be dedicated to small and medium-sized companies engaged in research and innovation. It will come to an end under its current shape at the end of the year and the definition of its future modalities, as it will be re-launched in 2014, are now under discussion by the thirty-four countries involved in the programme. The Eurostars Programme will be part of the Horizon 2020 initiative of the European Commission, the largest programme in the world dedicating public funds to new technologies.

EUROSTARS IS ONE OF THE MOST ADVANCED FUNDING INSTRUMENTS IN TERMS OF SERVICE AND SUPPORT OFFERED TO THE PROJECT PARTICIPANTS.

Eurostars is one of the most advanced funding instruments in terms of service and support offered to the project participants. It also has the particularity to involve national innovation funding agencies spread accross the European continent.

In a meeting held  in Brussels on January 9, 2013, representatives from the funding agencies agreed to work on the convergence of national funding rules for SMEs, the simplification of the procedures for funding applicants and the reduction of the 'time-to-contract', the period of time between the submission of an application for funding and the actual financing of a technological project. More flexibility will also be implemented in some instances to increase the satisfaction of the researchers and innovative entrepreneurs with the programme.