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Accelerating market introduction of ICT solutions for Health, Well-Being and Ageing Well – SME Financial instrument

24 April 2016 - 16:27

 Are you an innovative Brussels-based SME with a proof of concept in an ICT application for Active Ageing and looking for funds? This financial instrument might be for you!

The topic

 SMEInst-06-2016-2017 – Accelerating market introduction of ICT solutions for Health, Well-Being and Ageing Well

Specific Challenge :The challenge is to help overcome the current gaps in exploitation of promising research results in ICT for Health, Well-being and Ageing well and to stimulate increased availability and market uptake of relevant ICT products and services. This concerns both interoperable and secure eHealth solutions for consumers and institutional healthcare delivery building on standards and new ICT solutions and innovation ecosystems for ageing well building on open software platforms, in order to deliver new and more efficient care to European citizens and respond to new market opportunities for SMEs.

Particular atention should be given to potential for disruptive innovation and fast market up-take in ICT for health, wellbeing and ageing well. In particular it will be interesting for SMEs and young companies that are looking for swift support to their innovative ideas.

Scope: The SME instrument consists of three phases, including a coaching and mentoring service for beneficiaries. Participants can apply to phase 1 or directly to phase 2*.

Expected Impact:

– Enhancing profitability and growth performance of SMEs by combining and transferring new and existing knowledge into innovative, disruptive and competitive solutions seizing European and global business opportunities.

– Market uptake and distribution of innovations tackling the specific challenges in a sustainable way.

– Increase of private investment in innovation, notably leverage of private co-investor and/or follow-up investments.

– The expected impacts should be clearly described in qualitative and quantitative terms (e.g. on turnover, employment, market seize, IP management, sales, return on investment and profit).

 

What’s in there for me?

Phase 1

  • €50 000 in EU funding
  • Feasibility study: assess the technical and technological feasibility and the commercial potential/economic viability of a new breakthrough idea (proof of concept) with considerable novelty to the industry sector in which it is presented (new products, processes, services and technologies or new market applications of existing technologies
  • Initial 10 page business proposal to be drafted
  • 6 months in duration if funded

Phase 2

  • Between €0.5 million and €2.5 million in EU funding
  • Develop project through innovation strategy: Draft a more developed, 30 page business plan: demonstration, testing, prototyping, pilot lines, scale-up studies, miniaturization, design, performance verification etc. and market replication
  • 1-2 years in duration

 

Who should participate?

  • High growth, highly innovative SMEs with global ambitions with potential to develop and have EU or global impact and want to disrupt the existing markets
  • Companies based in an innovation hub
  • Companies having received grants or venture capital funding
  • Companies having benefited from innovation-related tax benefits
  • Companies that won innovation prizes
  • Good knowledge and experience in the markets you intend to master
  • Companies with a vision for the future
  • Companies with the right team and resources in place

 

How to Apply?

Contact your National Contact Point for the Brussels Region: Sarah van Haelst

 

Are you already a SME Instrument Beneficiary?

Did you know that you are entitled to free coaching support financed for you by the European Commission? Your local Enterprise Europe Network advisor can support you to help you identify an EU expert – don’t hesitate to contact her!

 

 

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