Specialist R&D Tax & Grant Funding Advisors
Specialist R&D Tax & Grant Funding Advisors
EUREKA Eurostars is a European programme for SMEs that supports and funds international collaborative research and development projects.
We’ve created five simple sections to help you understand how Eureka Eurostars works and whether your business could be eligible for funding.
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. Enterprise Ireland supports Irish SMEs who want to get involved.
SMEs can receive up to 50% of their costs of participating in a project, with a maximum grant of €450,000. The funding contribution is made up of both national funds (75%) and EU funds (25%).
Only SMEs performing R&D are eligible for grant funding. To qualify as a research-performing SME, you must:
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.
The project duration must be 36 months or fewer, with market introduction within 24 months of the project's completion.
To apply for Eurostars funding, you will need to define a project and find partners. You then need to contact the National Project Coordinator in Ireland, 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.
Your Eurostars application is more likely to succeed if it:
"With the help of Myriad, our application ranked #1 in Horizon 2020's Fast Track to Innovation across Europe....it opened doors to investors, potential business partners, physicians and much more"
Dr John Thompson
Co-founder, AuriGen Ltd
Eurostars applications have a two-step evaluation process:
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.
Our grant bid writers have secured over €130m for our clients in the last 12 months, with another €30m due by the end of 2022. We are also very proud to have secured some of the highest scoring applications in Europe, with five of our projects scoring 15/15.
About Myriad Associates
The success rate for Eurostars applications is 30%.
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.
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.
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We would like to help answer any questions you have regarding the R&D tax credits scheme. Please click on the button below to speak with an expert and one of our specialist team will get in touch.
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