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Four Irish SMEs to get EU Funding
07/04/2017 08:11:04

Four Irish SMEs to get EU Funding
Source: EC in Ireland News
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Four Irish SMEs are to receive EU grants of €50,000 each under the latest round of Horizon 2020 funding.

Caraglass Ltd of Dublin
for iSafe - Internet Safety Awareness for European primary school children

Accucolour Limited of Dublin
for PET-Yield - A new manufacturing method, monitoring platform and material equipment to carry out a more efficient production of plastic bottles, reducing its waste.

InvizBox Ltd of Dublin
for InvizBox GO 4G - an innovative approach to securing data on the internet and protecting user privacy with ease by installing and configuring software on each and every device the customer wishes to protect.

mbryonics Ltd of Galway
for Raven - Real Time Access To Virtual Earth Observation Network.

The funding is provided under Phase 1 of Horizon, which means that each project will receive €50,000 to finance feasibility studies for new products that can disrupt the market. They can also ask for up to three days of free business coaching.

If the project's feasibility study shows that it could be developed into a successful product on the open market, the SME can apply for Phase 2 support. Phase 2 funding is much bigger, usually between €500,000 and € 2.5 million.

Full press release here: http://ec.europa.eu/research/index.cfm?pg=newsalert&year=2017&na=na-060417  

Overall, 184 European SMEs were selected for funding for this round, with most of the projects in the area of Information and Communication Technology (36). This was closely followed by low-carbon and efficient energy systems (31) and transport (28).

In total, 47 Irish SMEs have been awarded Horizon 2020 SME Instrument Phase 1 funding since its launch in 2014, putting Ireland in 12th place overall. With a budget of €77 billion over seven years, Horizon 2020 is the biggest EU research and innovation programme and envisages record funding for SMEs. 

Graph showing number of SMEs granted Phase 1 funding per country

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