Finnish company Minima Processor Oy receives €1,7 million grant from the Horizon 2020 SME Instrument Phase 2 for developing energy efficient microprocessor technology

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Invent Baltics consultants supported Finnish company Minima Processor Oy in preparing a successful SME Instrument Phase 2 project proposal. The project with a total budget of €2,4 million will receive support under the Horizon 2020 topic “Information and Communication Technologies“.

Minima is introducing the next computing power revolution: Minima patented IoT microprocessor technology reduces the energy need of digital computing by up to 20x compared to legacy solutions. Minima’s disruptive technology can enhance the performance of virtually any device that uses digital computing, thereby making batteries last up to 20 times longer, enabling advanced features, and making IoT devices cheaper to buy and operate.

SME Instrument is a dedicated funding instrument under the Horizon 2020 Research and Innovation programme that supports innovative SMEs in Europe. The instrument aims to fill the gaps in funding for research and innovation at early stages and thereby accelerate the exploitation of novel solutions to address key societal challenges. Applications are expected in various topics and companies can apply for funding as single applicants or with partners. Subcontracting is allowed both in phase 1 and phase 2 projects.

The SME Instrument phase 1 funding supports SMEs to cover the funding for initial feasibility assessment and business modelling for the novelty. Phase 2 funding is targeted to SMEs with particular focus on product development, demonstration activities and market replication.

The next cut-off dates for phase 1 are 06.09.2017 and 18.10.2017. The last phase 2 deadline this year is 18.10.2017, after which the following deadlines will be announced shortly. Invent Baltics OÜ provides initial consultancy regarding funding opportunities within the Horizon 2020 Research and Innovation programme free of charge.  

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