EU Horizon 2020: SME Funding for Clean Technology
This breakfast briefing, part of the 'Funding Cleantech' series, will provide an overview of Horizon 2020, a new source of funding for SMEs, the process of applying for funding - and what it takes for a successful application. The event, organised by Cleantech Investor, is sponsored by K&L Gates, ZaZ Ventures and Clean Capital and will be hosted by K&L Gates at their London offices.
The European Commission opened the first series of calls for projects under Horizon 2020, the European Union's new €77 billion research and innovation programme, at the start of 2014. Horizon 2020 is the successor to the EU's FP7 funding programme. However, there are some significant changes from the previous programme - notably a focus on funding for SMEs.
Throughout the collaborative calls of Horizon 2020, there is a greater focus on funding for technologies which are close to market than its predecessor FP7; there is a stronger focus on innovation, rather than research; and the funding programme also benefits from a streamlined review and contract negotiation process compared to FP7.
These new aspects of the EU funding are particularly highlighted in the new SME Instrument. Indeed, the EC has stated that it is its ambition to make Horizon 2020 the most SME-friendly EU support programme in history, releasing a budget of €8.65 billion between 2014 and 2020 period dedicated soley to innovation at SMEs. The instrument aims to fund innovation at SMEs that would otherwise be unlikely to come to the fore - and it aims to facilitate this through a simplified and accelerated application process.
Horizon 2020 funding will be worth more than €15 billion over the first two years. Twelve areas will be a focus for action in 2014/2015, including: Advanced Materials; Biotech; Energy; Water; Factories of the Future; Transport and Smart Cities.
This event is targeted at SMEs and other research organisations which plan to apply for Horizon 2020 funding for technology innovation. The event will also be of value to investors in SMEs seeking additional sources of funding for their portfolio companies. While the event case studies will focus on cleantech companies, most of the content will be relevant to technology companies of any sector.
Cleantech Investor organises events on cleantech, renewable energy and related themes, both in the UK and Brazil.
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