We are pleased to announce that GAEU’s experts successfully applied for € 50,000 of financing for Watty AB from the Horizon 2020 Programme, SME Instrument, Topic: “Stimulating the innovation potential of SMEs for a low carbon energy system - SIE-01-2014-1”. Funding has been granted to a project aimed at developing a feasibility study and a business plan for the commercialization of an innovative technology for reducing energy consumption at the household level. The technology is based on the latest generation of electricity measurement systems (i.e. smart meters).
The GAEU project team was responsible for finding and selecting the most suitable support measure under H2020, production of the grant application proposal in English, as well as ongoing advisory services for the Client.
Our proposal received a rating of “very good” to “excellent” in ALL of the evaluation criteria! The competition in SME Instrument was very strong – the total number of applications submitted to Phase 1 by the European companies was 2363. Only 10% of them received funding. This information proves the highest quality of the proposal prepared by GAEU experts.
”This is yet another grant obtained from the H2020 Programme by GAEU’s team. Our competence and expertise in applying for funding for the most advanced and knowledge intensive R&D projects in Europe continues to grow. The key to success in the Horizon 2020 Programme is to combine technological innovation with the European scope of the project. Horizon 2020 is the Champions League for SMEs. With the help of GAEU experts, our customers have the chance to join this elite group", says Tomasz Wąsik, CEO of GAEU Consulting Cracow.
About HORIZON 2020
Horizon 2020 is the largest EU Research and Innovation programme ever with nearly €80 billion of funding available over 7 years (2014 to 2020). The goal of the programme is to ensure that Europe produces world-class science technologies, removes barriers to innovation and makes it easier for the public and private sectors to work together in delivering innovation. SMEs may apply for funding under special measure called SME Instrument.
PHASE I – ANALYSIS OF THE POTENTIAL FOR COMMERCIALIZATION
Phase 1 of the SME Instrument offers € 50 000 (70% of the eligible costs) for the analysis of technological concept of the project, evaluation of technical and commercial potential of the project, as well as risk assessment. The project should be realized within 6 months, leading to the elaboration of a feasibility study (including technical and commercial aspects) and a business plan, which will lay the foundation for applying to the next phase of the SME Instrument.
PHASE II – INNOVATION PROJECTS
In Phase 2 of the SME Instrument European companies may apply for funding of the projects aiming at development and demonstration of innovative products and technologies of high market potential. The European Commission expects that requested EU contribution of proposals will be in the range of € 0,5 to 2,5 million. The support intensity is 70% of the eligible costs (in special cases it may even reach 100%). Projects should last between 12 and 24 months.