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EUREKA NEWS

European funding programme Eurostars boosts employment in Europe

date of publication > 11-January-2013

Eurostars is today the only European fund to be specifically dedicated to small and medium-sized companies which are specialising in high-tech and research, also referred to as ‘RD-intensive SMEs’. Financed by the governments of thirty-three European countries, the Eurostars Programme is supporting innovators all over the continent. 
 
A recent analysis of the projects financed through Eurostars and of the companies participating in the programme shows that, as a direct result of their participation in Eurostars, small businesses will employ on average 4 new staff members three years after the completion of their project.
'SMEs WILL EMPLOY ON AVERAGE 4 NEW STAFF MEMBERS THREE YEARS AFTER THE COMPLETION OF THEIR EUROSTARS PROJECT.'
 
Eurostars funding is used for the development of new technological products, which in turn favour employment within the companies taking part in Eurostars, or are sometimes directly used for the hiring of a scientific expert. Those new employees can be technicians, scientists and engineers but also sometimes marketing specialists, hired to help selling the new products developed during Eurostars projects. 
 
The study, will be officially published as part of the evaluation of the programme later this year.