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Sixteen UK SMEs to receive EU funding
Sixteen UK SMEs will each receive €50.000 (£43.090) of EU funding to finance feasibility studies for bringing new products on the market place. They can also ask for up to three days of free business coaching. The latest round of funding comes under Horizon 2020's SME Instrument, phase 1.
A selection of the UK recipients and what they do:
- Hoxy Tronic Ltd work on a retro-fit device that controls the output of oxyhydrogen into engines. This enables better fuel savings and ultimately reduces NOx and particulate matter emissions which are the main cause for many respiratory problems due to air pollution. The EU funding will allow the company to put the technical work already undertaken in the context of a clear exploitation plan and strategy. The plan includes risk evaluation, market studies, intellectual property assessment and business planning;
- Four04 Packaging Limited offer a novel approach to the packaging of perishable food. Their product combines an innovative bio-degradable and fully compostable film with a highly accurate laser perforation system. The packaging film allows better control of the moisture vapour transmission rate while the improved perforation creates optimal atmospheric conditions within the packaging. This new packaging product provides better control of the effects of condensation, thermal shock and the respiration rate – the main elements that contribute to the build-up of moisture in the packs and to mould growth;
- Deltex and Lariboisiere Hospital Paris have developed a system called TruVue which provides simultaneous visual display of a patient’s aortic blood flow velocity and aortic blood pressure. It is expected to significantly contribute to patient safety. The EU funding will help Deltex test the system with users and collect feedback about their experience with the user interface, Graphical User Interface (GUI). It will also help work out the price of a multinational clinical trial for a phase 2 application.
Since the launch of the programme in 2014, 261 UK SMEs have received funding under Phase 1 of the SME Instrument which funds feasibility studies.
The SME instrument is implemented through a continuously open call with cut-offs four times a year. Phase 1 funding of €50,000 (£39,290) may be followed with up to €2.5 million (£2m) under Phase 2. The next cut-off for Phase 1 applications is 3 May 2017.
Full list of recipients