Eurostars program of the Eureka network

Budget

Up to 2.4 million euros per project.

Beneficiaries

SMEs in a consortium.

Conditions

SMEs from European countries with a high dedication to R&D.

Modality

Grant of up to 60% of the budget.

Duration

Maximum 36 months with product launch during the third year.

Amortization

9 years, with a 7 year grace period

Funding

The company must make or have recently made a capital injection

Modality

Participatory loans

Interest

Applied in two sections. The first tranche will be Euribor + 3.25% and the second will be an additional 6% maximum depending on the company's profitability.

Guarantees

They do not require personal guarantees or guarantees, which makes it much more interesting than a traditional bank loan

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For SMEs in member countries of the European Union, the Eurostars program offers funding for R&D projects carried out in a consortium and lasting between 1 and 3 years.

The Eurostars program is offered by the Eureka network, an international organization dedicated to promoting market-focused innovation. It is currently a partnership between European states but it also integrates countries such as Israel, South Korea or Canada, in order to provide funding for the development of R&D projects with a high commercial impact.

This is a support program for R&D intensive SMEs that develop transnational projects that are very market-oriented. Eurostars is aimed at generating R&D projects in consortium that are led by SMEs, encouraging the creation of more economic activities that are based on the results of this R&D and that introduce them to products, processes and services in the market quickly and effectively.

Eurostars wants companies that benefit from its funding to be disjunctive and to be able to take an important qualitative leap that will allow them to drastically improve their market position.

How is the EUROSTARS Program organized?

The executing body of the Eurostars Program is the EUREKA Secretariat (ESE). The entities participating in Eurostars projects always receive aid at the national level and through their funding agencies. In the case of Spain, through the CDTI. The eligible costs and the requirements for granting them are also defined in each country by the Agencies themselves.