Objective
The Innovation Union (IU) is a flagship initiative of the Europe 2020 Strategy which has a central role in achieving the goals of the Europe 2020 Strategy for a smart, sustainable and inclusive economy. It is aimed at improving conditions and access to finance for R&I in Europe, to ensure that innovative ideas can be turned into products and services that create growth and jobs. The IU contains over thirty action points including a key point for ‘Enhancing access to finance for innovative companies’. According to the EC’s proposal, the EU needs to put in place financial instruments to attract a major increase in private finance and close the market gaps in investing in R&I.
Horizon 2020 is the financial instrument aimed at implementing the IU. By coupling R&I, Horizon 2020 focuses on excellent science, industrial leadership and tackling societal challenges. Under the 'Industrial Leadership' pillar, Horizon 2020 supports companies and other organisations engaged in R&I to gain easier access, via financial instruments, to loans, guarantees, counter-guarantees and hybrid, mezzanine and equity finance.
Currently, the priority is to continue and build on activities that have been worthwhile in supporting R&I in 2007-2013 such as the RSFF, the RSI for SMEs and GIF-1. Horizon 2020's financial instrument facilities will also operate in conjunction with those of EU programme COSME, and the coming two years will see, a significant participation by Horizon 2020 in the proposed SME Finance Initiative; the launch of a pilot facility supporting the technology transfer process; and a new focus on improving access to risk finance by larger midcap firms.
The overall objective of the conference is to raise awareness of the financial instruments, facilities and accompanying measures launched under Horizon 2020 and to enhance access to finance for R&I and growth. Focus will be given to the interactions between these instruments, COSME, and ESIF as well as with instruments at national
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.2. - INDUSTRIAL LEADERSHIP - Access to risk finance
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
CSA - Coordination and support action
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-Adhoc-2014-20
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
70 013 IRAKLEIO
Greece
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.