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Two UK SMEs receive EU funding for innovative projects
Two British SMEs will receive up to €2.5 million (£2.2m) each of EU funding for their innovative projects: a novel filter which purifies air and a device enabling better assessment of patients with head injuries. The funding will help them finance innovation activities such as demonstration, testing, piloting and scaling up. The companies will also benefit from free business coaching and business acceleration services.
London-based Smart Separations (SSL) has developed a ceramic filter that can provide a more controlled, versatile, and low-cost solution for several industries, including indoor air purification. The product can be retrofitted into existing air ventilation units.
Nottingham-based Vivo has come up with a simple solution for more accurate, real-time, quantitative pupillary monitoring and assessment of patients with neurotrauma and head injuries. The funding will help Vivo develop its solution into a clinically-proven, manufacturing-ready and CE-approved medical device.
Carlos Moedas, Commissioner for Research, Science and Innovation, said: “With the European Innovation Council pilot, we set out to support high-flying entrepreneurs with breakthrough ideas and a clear ability to create new markets. This very first group of innovators certainly has that potential.”
The funding comes from the SME Instrument, which is part of the European Innovation Council (EIC) pilot. The EIC pilot was launched in 2017 to support top-class innovators, entrepreneurs, small companies and scientists with bright ideas and the ambition to scale up internationally. It brings together the parts of Horizon 2020 that provide funding, advice and networking opportunities for those at cutting edge of innovation.
The SME Instrument, the Fast Track to Innovation (FTI), Future and Emerging Technologies (FET) Open and Horizon Prizes were put under the EIC pilot umbrella, to provide a 'one stop shop' for funding of innovators in the EU.