The small business opportunity of the century, for European SMEs at least just has to be Framework Programme 7. The European Commission is spending more than €54 billion by 2014 funding research and innovation.
Why is this the small business opportunity of the century? Because, for most of the research programmes the EU insists 15% of all project funding goes to SMEs. Without getting pedantic about the numbers this is a source of funding providing more than €7 billion to cover the costs of researching and developing new products, services and technologies.
But that isn’t the best part.
All of the best universities and research institutions are working their socks off, coming up with ideas to persuade the programme managers to spend in their direction. These are some of the smartest people on the planet, driving into topics the bigger companies won’t address on their own. But to make successful proposals for funding they have to include plans for taking the results to market, and that means in partnership with SMEs.
And that still isn’t the best part.
Not only can the SME get to work with the brightest and best, and get their costs covered by the FP7 programme. They also get to own the IPR resulting from the research, or at least a piece of it.
There are some downsides of course. The programme is understandably bureaucratic, and the money doesn’t all come at once. Academics and scientists can be difficult to keep focused on what we small business guys understand – getting stuff done on time.
But whenever did the biggest opportunities come along without a few challenges?
If you’d like the inside story send us an email. We’ll get right back to you.
And even better still – if you’d like to promote your availability to join projects let us have some details. We’ll include you in our directory of SMEs wanting to get involved in Fp7.
What will it cost you?
Do your friends a favour, pass on this message so they can have chance at it too!You Might Also Enjoy
Did You Get Your Front Office Box?
Register today, Get Started with the management tool that works your way