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In the latest edition of International Innovation Magazine, highlighting its innovative funding programme Eurostars, EUREKA cites four very different success stories that are helping Europe restore its economic standing on the global stage.
Eurostars is the first funding programme specifically designed to assist R&D- performing SMEs in leading international collaborative projects to develop new tech-based products, processes and services. The last Eurostars call for projects to fund took place at the beginning of the year, but Eurostars will be part of the future Horizon 2020 EU scheme, the largest funding initiative for research and innovation in the world. The Eurostars Programme however is mainly financed through National funds and benefits from locally-based, language fluent contacts.
'IN THE LATEST EDITION OF INTERNATIONAL INNOVATION MAGAZINE, EUREKA CITES 4 SUCCESS STORIES THAT ARE HELPING EUROPE RESTORE ITS ECONOMIC STANDING.'
Funding rules within the Eurostars Programme are adapted to economic conditions in the countries of each participating company or research institute. But one of the objectives of the Eurostars Programme is also the synchronisation of national funding programmes and rules in order to harmonize conditions for researchers and innovative entrepreneurs all over Europe. By the end of the programme in 2020, the same funding rules for SMEs should be used by at least 75% of Eurostars countries' national R&D programmes.
Eurostars also successfully delivers financial benefits for project participants and growth for employment in the research and innovation sectors. Three years after the end of each project, for each million euro of public funding invested the turnover of the participants should increase by at least € 10 million euro and at least 25 new jobs should be created.