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Please contact us to discuss how working with Myriad Associates can maximise and secure R&D funding opportunities for your business.
Eurostars is aimed at innovative small and medium-sized enterprises – those with less than 250 employees – that want to take part in collaborative research and innovation projects with partners across Europe and associated countries. Innovate UK manages UK applications.
The maximum grant budget is €360,000 per UK project partner. The grant rate is up to 60% of eligible project costs.
Between 2014 and 2020, there will be two calls for proposals a year, with a total budget of €1.14 billion.
Only SMEs performing R&D are eligible for grant funding. To qualify as a research-performing SME, you must:
In addition to qualifying as a research-performing SME, your business must be registered at Companies House and trading for 12 months at the closing date for applications. All work must be carried out in the UK and project costs must be incurred in the UK.
Academics, universities, Research and Technology Organisations, and large companies can participate in Eurostars, but they must use funds from other sources or fund their own participation.
If you qualify as a research-performing SME, you plan to develop an innovative new product, process, or service that you want to be rapidly commercialised, and you want to work in partnership with participants in other countries, Eurostars funding may be appropriate for you.
To apply for Eurostars funding, you will need to define a project and find partners. You then need to contact the UK National Project Coordinator, who will guide you through the application process, guidelines, and funding opportunities.
A typical Eurostars project has 3-4 participants from 2-3 different countries, with an average project duration of 29 months and €1.4 million in average project costs.
Eurostars is open to all projects in all technology areas and market fields. Projects must have a civilian purpose.
Preparation of a Eurostars application can take up to 300 hours of work.
You will need the right combination of people to cover the application’s key aspects: the project’s implementation, market and commercialisation, and innovation. You will need to work closely with your partners.
Eurostars applications have a two-step evaluation process:
The success rate for Eurostars applications is 30%.
Your Eurostars application is more likely to succeed if it:
Eurostars applications are first assessed by three independent experts. These experts are matched to applications by their technological expertise, familiarity with the market applications, and SME experience.
In the second stage of evaluation, the Independent Evaluation Panel (IEP) scores and ranks all eligible applications. The IEP is led by a chairperson, and includes internationally recognised experts in their field. The IEP members cover a variety of professional sectors, and are chosen according to the profiles of the applications and the technical requirements at the time.
Approximately 4 weeks after the submission deadline, applicants are informed whether or not their application is eligible.
Approximately 14 weeks after the submission deadline, applicants are informed whether their application is above or below the quality threshold and if it is being considered for funding.
Approximately 19 weeks after the submission deadline, applicants that are ranked above the quality threshold are informed of the availability for funding.
Within 4 months of the application submission deadline, the EUREKA Secretariat announces the projects that have been approved for funding.
All funding to participants is managed by their respective funding body, according to national funding rules and procedures.
Myriad Associates have an enviable track record with R&D grant applications. Using our grant application services can give you a significant competitive advantage over other grant applicants.
We assess your chances of success
We hold a workshop session with you
We help you prepare your grant application
We submit your grant application
We help you comply with the conditions of your grant
We take care of your application from start to finish
Project Assessment – Our specialist consultants discuss all the relevant technical, commercial and financial details of your R&D project with you and assess your chances of success.
Workshop Session – We will take you through a workshop session so that we fully understand your project in terms of the technical problems and solution, commercial opportunities, market dynamics, project team and financial projections.
Grant Writing – We research, prepare, and write an
Submission and Feedback – We complete the
Compliance and Monitoring – When your grant application is approved, we help you comply with all requests from the grant body’s monitoring officers.
You can download our information sheet on EUREKA Eurostars grants.
This R&D tax credits calculator estimates the amount of corporation tax savings you may be entitled to by making a claim for R&D tax relief.