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Thursday, September 13, 2007

European Commission proposes Joint Programme with Member States for research-intensive small companies

R&D-performing SMEs are the entrepreneurial stars of Europe. Responding to their specific needs, the Commission has adopted today EUROSTARS, a new Joint Programme with 27 EUREKA countries to finance R&D partnerships with research-performing SMEs.SMEs represent 99% of all enterprises in Europe and are crucial to the success of the renewed Lisbon partnership for growth and jobs. Among these, R&D-performing SMEs have a key role to play. With their small size, flexible organisation and commitment to research, they can take advantage of a fast-changing economic environment, seize new market opportunities, and create new jobs.

In addition to the Commission contribution of EUR 100 million, 22 EU Member states and 5 countries associated to FP7 will jointly contribute another EUR 300 million, giving a total investment of EUR 400 million over 6 years.
This will, in turn, mobilise up to EUR 400 million in additional private funding, resulting in an estimated EUR 800 million package to support European R&D performing SMEs.

The EUROSTARS Joint Programme is directly tailored to the needs of R&D-performing SMEs. It will target R&D activities.
Through EUROSTARS, participating countries will pool their national programmes and research funding in favour of SMEs, resulting in better, more efficient use of funds.

Source  Eureka

More information  European Commission Press room

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