Pera Technology has urged small and medium enterprises to hurry with proposals to access a slice of the €1.2 billion that has now been made available for them under the EU’s Seventh Framework Programme (FP7) research and innovation initiative.
Pera is the UK’s most successful innovation partner at securing EU R&D funding for SMEs and commercial director, Mark Wareing says the money could transform a company. “If you are an SME trying to create fresh products or processes that could create a step change in your fortunes then there is no time to waste as the EU has now made funds available that you could use. There is €1.2 billion there for the taking, if you have a good idea,” he urged.
SMEs can now put in proposals to access €970m under the EU’s Cooperation theme, working alongside universities, research centres and public authorities throughout the EU.
There is also an even more attractive fund of €250 million, which is expressly available to support the development of new products for SMEs that cannot afford to undertake R&D themselves, but still want to develop valuable, new products.
“Companies that don’t apply for this latter funding may have to wait until 2015 for any projects funded by the next programme, Horizon 2020 to commence. So it is essential that all efforts are made to get proposals in before the November deadline,” said Wareing.
Pera Technology specialises is partnering with SMEs to build new products and services or solve technology issues using EU funding. Pera Technology is the UK’s most successful intermediary when it comes to understanding how to secure funding for R&D. and every year Pera Technology obtains between £50 and £100 million in grants for commercial R&D to pay for new product development and R&D at SMEs.