Horizon Europe is calling small and medium-sized businesses to apply in a profitable program.
Businesses can now get EU funding and support for innovation projects that will help them develop and expand into other countries – in Europe and beyond. The funding is available through the EU’s Horizon Europe program. Tasked with a budget of €95.5 billion, Horizon Europe is the EU’s key funding program for research and innovation aimed at tackling climate change, helping achieve the UN’s sustainability goals and boosting the EU’s competitiveness and growth. The program is fully open to participation from the associated Western Balkan partners.
The program will be implemented in three pillars:
2-Global Challenges & European Industrial Competitiveness and
The European Innovation Council (EIC) is an integral aspect of Horizon Europe’s support for SMEs. It will help bring the most promising ideas from lab to real world application and support the most innovative SMEs, including start-ups, to scale up their ideas with accelerator funding and bridge the financing gap between late stages of research activities and market take-up. By doing so, the EIC and SMEs can operate together in achieving a successful market breakthrough thanks to a viable and dependable source of finances.
Horizon Europe’s work program for 2021-2022 mentions actions under three destinations: CONNECT, SCALEUP and INNOVSMES. The INNOVSMES destination, with a budget of €72.8 million, will support the European Partnership on Innovative SMEs. This will enable forward-thinking SMEs to increase their research and innovation (R&I) capacity, as well as productivity, and successfully embed themselves in global value chains and new markets.
In addition, the EIE complements the European Regional Development Funds’ support for interregional partnerships around smart, specialized topics. By placing the EIE as a key link in the chain of Pillar 3, Horizon Europe is ensuring that SMEs have access to and knowledge of European partnerships and innovation networks across Europe.
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