Grant funding for R&D

The consultants of Invent Baltics Ltd demonstrate excellent track record in preparing international technology development and commercialisation projects and setting up consortia. We have successfully prepared more than 50 international research and development (R&D) projects under the Seventh Framework Programme (FP7), EUREKA Eurostars programme and Horizon 2020. 

With the assistance of Invent Baltics European research organisations and enterprises have had access to additional funds in the total amount of 60 million euros to finance their R&D activities. Altogether we have counselled enterprises, universities and research organisations in more than 14 European countries.

The consultants of Invent Baltics will help you in all phases of project preparation, starting from idea assessment/evaluation and choosing the best-suiting support programme.

Our consultants will guide you throughout the whole project preparation process and assist in:

  • Project idea formulation
  • Defining the consortium structure and finding suitable partners
  • Putting together the work plan
  • Assessing the project’s economic impact
  • Defining the project’s management structure
  • Intellectual property (IP) questions, including intellectual property strategy definition and preparation of the consortium agreement
  • Project budgeting
  • Project administrative coordination, management and submission in the specific online submission system

Before starting preparations for an Horizon 2020 or Eurostars programme proposal, it is necessary to understand the set-up of the programme and requirements for applicants, and, drawing on them, analyse whether the concrete programme suits the development goals of the client.

Horizon 2020 enables:
  • Participation in wide-scale R&D projects that advance considerably the state-of-the-art in the field, with the overall objective to lead to marketable solutions in a 5-6 year perspective. The projects are executed in pan-European consortia (with an average of 6-8 partners). The partner structure involves usually R&D organisations and enterprises (SMEs) as well as end users of the developed solution – testing and validation partners.
  • Development of new products and services (SME Instrument). Horizon 2020 has launched a special instrument for small and medium sized companies (SMEs) which supports close to market product development projects. The key evaluation points will be a clear business case, measurable advantages compared to existing solutions and the ability of the SME to bring the innovation to market. The starting point for an SME instrument project should be existing prototype solution which they have verified in real life conditions.

The EUREKA Eurostars programme enables:
  • Initiation of new development projects together with other European enterprises. An Eurostars project can focus on any technological field in which the R&D activities target the development of a novel product/process/service. One of the requirements of the programme is that there have to be at least 2 R&D intensive enterprises from different Eurostars programme member states.
  • In comparison to the Framework Programme, the Eurostars programme welcomes projects of a shorter duration and focusing on a concrete application. The projects should be close-to-the-market, i.e. come up with marketable products 2 years after the end of the project. Only in case of biomedicine, the projects have to reach the stage of clinical trials 2 years after the end of the project.
Based on our experience, the Eurostars programme is a good solution for enterprises that wish to involve their potential end users (clients) or R&D partners in the development of their novel product or service.

 

For more information please contact:

Senior Consultant Silver Toomla
Mobile: +372 5171 781
E-mail: silver.toomla@invent.ee