Community Research and Development Information Service - CORDIS


Small companies making a big impact, SMEs in European aeronautics

Funded under: FP6-AEROSPACE


According to European Commission Vice-President Günter Verheugen, SMEs are, "...the engine of the European economy, an essential source of jobs, create entrepreneurial spirit and innovation in the EU and thus are crucial for fostering competitiveness and employment."
In the European aeronautics sector, where innovative technologies are especially important, SMEs can indeed play a central role. However, such firms have limited financial resources, and therefore their investment choices must be carefully scrutinised and made in accordance with strict business plans.

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