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The European Commission has adopted EUROSTARS to finance R&D partnerships with SMEs |
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Wednesday, 19 September 2007 |
European Commission proposes Joint Programme with Member States for research-intensive small companies R&D-performing Small and Medium-sized companies (SMEs) are the entrepreneurial stars of Europe. Responding to their specific needs, the Commission has adopted today EUROSTARS, a new Joint Programme with 27 EUREKA countries to finance R&D partnerships with research-performing SMEs.
In addition to the Commission contribution of EUR 100 million, 22 EU Member states[1] and 5 countries associated to FP7[2] will jointly contribute another EUR 300 million, giving a total investment of EUR 400 million over 6 years. This will, in turn, mobilise up to EUR 400 million in additional private funding, resulting in an estimated EUR 800 million package to support European R&D performing SMEs. Through EUROSTARS, participating countries will pool their national programmes and research funding in favour of SMEs, resulting in better, more efficient use of funds.
More information http://europa.eu
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