Paula Smith
Grant Consultant
Eurostars is the largest international funding programme specifically designed for SMEs and is co-funded by the EU’s Horizon Europe programme. It is designed to encourage international collaboration on R&D projects toward the creation of innovative products, processes, and services, with a focus on commercialisation. Only collaborative projects are eligible with an overall goal to fund R&D focused on industrial research. Once successfully evaluated by the Eurostars committee, the project is sent to the respective local funding agencies for checks and administration.
For UK based SME’s, Innovate UK makes up to £2.5 million available each year for collaborative research projects with other organisations from participating Eureka Eurostar member countries. UK applicants can apply for 60% of total eligible project costs up to €360,000.
Why?
The benefits of receiving funding are clear, with companies reporting an average annual turnover increase of 15%, 68% state they achieve an improved market share and 69% state they have been able to enter new markets.
As well as the quantifiable benefits, the R&D partnerships are transformative in making long term relationships and increased visibility in their specialist field.
Despite being a competitive process, the likely receipt of benefit is high, with 29% of applicants receiving funding.
Requirements
Key Eurostar’s Statistics and Figures
Eurostars2 had a total public budget of €1.14 billion during its period of existence between 2014-2020. Data from three calls in Eurostars3 between April 2021- April 2023 shows:
Application Process
The online application form consists of 5 main parts: Project details, Application questions, Your organisation, Declarations, and Work Packages.
Evaluation
Conclusion
Using our expertise in grant funding and R&D projects, TBAT can assist with your Eurostars funding journey, working with you and your project partners to create a high-quality application, helping fund your next innovation.
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Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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