Granted Consultancy Ltd

Specialists in securing grant funding

The team at Granted Consultancy share a common desire to make projects happen. We achieve this by identifying opportunities, understanding the barriers to success and helping our clients on the journey to realising their projects.

Eureka Eurostars 2015

Background
The Eurostars programme has recently opened for its second funding round. It is targeted at innovative SMEs wanting to take part in collaborative research with partners across Europe and associated countries. The programme is particularly interested in bids for collaborative R&D projects, providing funding and support for market-oriented R&D in bringing new products or services to market. There will be two calls for applications per year until 2020, the deadline stated above is for 2015 only.

Fund Use
Eurostars funding is intended for collaborative R&D resulting in a new product or service brought to market. Eligible funding costs include labour, overheads, materials consumed, depreciation of capital costs, sub-contracts and consultancy fees; travel & subsistence, training, reports and studies, licensing of new technologies, IP protection and project management (which may not be sub-contracted).

Fund Criteria
The main project outcome should be the development of a new product, process or service. Project duration should be 36 months or less, and market introduction should be no later than 24 months after project completion. UK participants in a successful Eurostars project are funded through Innovate UK, up to 60% of eligible project costs, with a maximum grant budget of €360k per UK partner in a project. Other European partners in projects are funded via their own national funding bodies.

UK specific eligibility criteria:

  • Companies must be registered at Companies House and Trading for 12 months at the time of application - the closing date for applications;
  • All work must be carried out in the UK and project costs must be incurred in the UK;
  • All eligible labour costs have to be PAYE;
  • Subcontracting is capped at 20% of the UK partner eligible costs, project management cannot be sub-contracted;
  • UK-lead projects must be managed by an SME as per the Eurostars criteria (see below).

Eurostars criteria are as follows:

  • The project leader is an R&D-performing SME from a Eurostars country; defined as a company that
    1. invests 10% or more of turnover in R&D, or
    2. employs 10% of FT equivalent staff on research activities, or
    3. employs five or more FT staff work on research activities;
  • The project partners consist of at least two legal entities that are independent of one another and are from at least two different Eurostars countries;
  • Minimum 50% budget threshold: at least 50% of the total project budget must be by an R&D-performing SME;
  • Maximum 75% budget threshold:
    1. No single project partner carries more than 75% of the total budget;
    2. Budgets of combined project partners in one country may not exceed 75% of total budget.