Instrument for SMEs

Objective:

Help SMEs to bring to market new technologies in the form of new products and/or develop innovative business models. The ideas should fit in well focused, certain thematic areas in technological sectors or specific social needs.

Target audience:

SMEs with high growth potential, or ability to develop global markets for high-growth.

Type of activities that are subsidised:

Market studies, studies of Freedom to Operate, completion of product industrialization / prototypes, large demonstration, validation of systems in real environments, scaling validation of business models.

Focus on:

Minimum starting point: technology validated in environments that simulate the reality.

Funding:

It develops in three stages:

-PHASE 1: PROOF OF CONCEPT. Support to SMEs in the analysis of the commercial viability of the idea, and development strategy of market, through aid repayable (€ 50,000 / SMEs and an average of 6 months to carry out activities).

-PHASE 2: DEMONSTRATION AND INDUSTRIALIZATION. Support the initial development of the idea: testing and demonstrations; Processes of scaling and/or industrialization; Actions for growth and replicability of the business; Technical adjustments. He is done through an aid to lost Fund which, in the majority of cases, will cover 70% of the costs of action, which will normally be between 1 and 2 million Euros, for a project of 1 to 2 years. SMEs may submit an individual project or in cooperation with other SMEs, always that demonstrates the logic of the approach.

-PHASE 3: RELEASE. Through subsidized coaching and mentoring services, support to SMEs in negotiating with investors and access to capital, mainly.

Calendar:

18/03/2015

17/06/2015

17/09/2015

16/12/2015

Critical success factors:

Business/market opportunity:

Concrete, real, of sufficient size and potential impact, with international potential and high growth.

Product:

With clear competitive advantages, with concrete and real business for exploitation plan and has some innovative component.

Time-to-market cannot exceed 2 years from the start of the project.

Company:

To demonstrate sufficient critical mass to quickly develop the potential of international market growth.

That demuetre technical and enough production capacity; capacity commercial and, very important, strategic and management appropriate to a business of high growth in international markets. Carrying out a proper management of their Industrial property.

Ability to generate employment and competitiveness. Growth potential.

That you have or insurance can generate strategic partnerships that are critical to your business.

Objectives and work plan:

Adequate budget.

Balance between r & d and innovation activities. High flesibilidad for outsourcing of services that SMEs need to develop your business (studies, technical advice, r & d, etc.).

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