Eurostars is focused on research performing SMEs and aims to stimulate international collaborative innovation projects. It targets the development of new products, processes and services and access to transnational and international markets.
The total funding for the programme is €1.14 billion.
Funding for Eurostars participants is provided on a country-by-country basis.
Grants for up to 60% of eligible costs to a maximum of €360,000 per UK partner are available.
Eurostars-2 aims to support research-performing SMEs by co-financing their market-oriented transnational research in a bottom-up manner and by providing them with a legal and organisational framework.
The overall objectives are to:
- Promote market-oriented transnational research activities in any fields of research performing small and medium-sized enterprises (SMEs), especially those without previous experience in transnational research, leading to the placing of new or improved products, processes and services on the market.
- Contribute to the completion of the European Research Area (ERA) and to increase the accessibility, efficiency and efficacy of public funding for research-performing SMEs in Europe by aligning, harmonising and synchronising the national funding mechanisms.
Research and development performing small and medium-sized enterprises are eligible to apply.
Research-performing SMEs are SMEs which dedicate at least 10% of their turnover or full-time equivalent (FTE) to research activities.
SME means micro-, small- and medium-sized enterprises, as defined in Commission Recommendation 2003/361/EC, 6 May 2003. Broadly, that is enterprises with fewer than 250 employees and a turnover of €50 million or less, or a balance sheet of €43 million or less.
Research activities should be carried out by a transnational collaboration of research performing SMEs among themselves or including other actors of the innovation chain such as universities or research organisations. In the UK, only research-performing SMEs are eligible for funding.
Support will be available for market oriented research projects in any field.
The results of funded activities are expected to be introduced into the market within two years of the completion of an activity.