Four more Irish SMEs have just won EU grants of €50,000 each, continuing the excellent track-record of Irish universities and SMEs at winning funding from Europe’s Research Fund.
Competition for Horizon 2020 cash is fierce but Ireland consistently out-performs other countries relative to our size. Today’s announcement is confirmation that this trend is continuing.
– Deciphex Ltd of Co Meath
Project: PATHOLYTIX: Using Artificial Intelligence to Transform Clinical Diagnostic Pathology
– Yellow Harbour Ltd of Cork
Project: YellowHarbour – Creating Partnerships between NGOs and Businesses
– Aquila Bioscience Ltd of Moycullen, Co Galway
Project: Glyco-DeCon – Decontamination by glycosylation based wipes
– Resolute Marine Ltd of Ringaskiddy
Project: W20 – Demonstration of the economic feasibility of a wave-powered desalination system
The funding is provided under Phase 1 of Horizon, which means that each project will receive €50,000 to finance feasibility studies for new products that can disrupt the market. They can also ask for up to three days of free business coaching.
If the project’s feasibility study shows that it could be developed into a successful product on the open market, the SME can apply for Phase 2 support. Phase 2 funding is much bigger, usually between €500,000 and € 2.5 million.
In total, 54 Irish SMEs have been awarded Horizon 2020 SME Instrument Phase 1 funding since its launch in 2014, putting Ireland in 13th place overall. With a budget of €77 billion over seven years, Horizon 2020 is the biggest EU research and innovation programme and envisages record funding for SMEs.
119 small and medium-sized enterprises (SMEs) from 24 countries have been selected for funding in the latest round of the Horizon 2020 SME Instrument.
The European Commission received 2079 eligible proposals by the cut-off date of 6 September. The 119 SMEs selected for funding are involved in 117 projects in total (multiple SMEs can be involved in one project).
Most of the projects funded were in the area of ICT (29), followed by transport (16) and low-carbon and efficient energy systems (15).
Spanish SMEs were particularly successful with 17 companies accepted for funding, followed by firms from Italy (14), Germany and Switzerland (10 each). Since the launch of the programme on 1 January 2014, 2422 SMEs have been selected for funding under Phase 1 of the SME Instrument.
The next cut-off for Phase 1 is 7 November 2017.
Source: European Commission