Are you an SME entrepreneur in the high tech research and development sector? Do you work together with partners in other countries? Then you may be able to use Eurostars. This subsidy encourages faster development and growth of small businesses.
What does the scheme entail?
Eurostars is a European innovation program and initiative of EUREKA and the European Commission and provides projects with financial support through the national government of each participating country. Eurostars-2 helps SMEs to carry out market-oriented technological development. Through international R&D cooperation, the time-to-market of these new technologies can be shortened and its technical risks are reduced. (Small) companies can therefore develop and grow faster. There must always be cooperation between parties from at least 2 Eurostars countries. In addition, none of the participants may be responsible for more than 75% of the total project budget. Eurostars is aimed at research performing SMEs. These companies use a specific part of their turnover or FTEs for applied research and experimental development.
In the Netherlands the subsidy amounts to a maximum of 50% of the eligible costs of the Dutch participant (s) up to a maximum of € 500,000.
Eurostars is a competition with an international and a national section. Before you can apply for a subsidy from the RVO, your international project proposal must be approved by the Eurostars international jury.
Applying for Eurostars has several steps that require a thorough approach and specialist knowledge. You should think of drawing up a realistic analysis of the project and the underlying business case and expected growth, formulating an investment plan, financials and budget, in the right structure for the right impact: this is the translation of your project into the Eurostars.