We have successfully assisted a number of companies to obtain finance for the development of new technologies and products.
Public funding in this case is usually provided by the European Commission.
Depending on:
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the nature of your new technology, product or service idea;
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the size of your company - large national/multinational, or Small-Medium-size Enterprise (SME);
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whether or not you have internal R&D capabilities,
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there are a number of R&D support programmes open to you.
These are able to provide up to 75% coverage of the total costs of your company's labour, overheads, subcontracts, and other items necessary for your project.
To benefit from such funding generally requires you to form a consortium.
Specifically, your project partners should include organisations or
enterprises from at least two other companies - usually located in other member states
of the European Union,
although the Euroepan Union has a wide range of agreements with other non-EU
countries allowing their enterprises to also participate in projects.
Importantly, collaborative projects of tihs kind also allow you to create and
reinforce commercial relationships which can be of signigicant value
to your marketing and business expansion strategies.
FSDA has substantial
experience in the successful montage and financing of projects of this kind.
The award of funding is based predominantly on the quality of the proposal you submit to the chosen programme.
In general, for all the proposals submitted to the European Commission, the average success rate is about 1 in 5.
In particular, for companies who have been assisted by FSDA, our record of success is better than 3 out of every 4.
This kind of finance:
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is project-oriented
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requires collaboration between your company and at least one other in a different country
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does not have to be repaid to the European Commission
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That is, no-one is going to demand, at any time, either a financial return on investment, or to have any control over the way you run your company.
The "return on investment" in this case is often a "political" one :
- helping Europe lead the world in development of a new technology; or
- helping create a new type of application or service which will lead to new jobs.
You may be surprised to learn that when you submit your project proposal it will be read for up to a maximum of an hour (usually by 3 independent experts).
The experts, whom will you never see nor be able to talk to, are often reading many other proposals too.
Your proposal gets discussed (at some time - which may be a few hours after it has been read) for about 10 minutes, maybe less.
And there's a no doubt surprising observation on the evaluation process :
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We can guarantee you the experts will spend 95% of their time pinpointing all the negative aspects of your proposal!
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So your proposal has to "stand out from the crowd" - in as positive a way as possible.
That is:
- your technology idea - and your plans to exploit the technology in the marketplace
- the composition of your consortium,
- your approach to management of the collaboration,
- your calculations on costs
must all be very competently expressed, easily read & understood - and above all, must support your innovative idea.
If you believe funding from public sources is appropriate for your enterprise or project, we would be pleased to discuss this with you.
You can also find out more about this method of finance by exploring the web site which is maintained by the European Commission on its funding programmes.
See http://cordis.europa.eu
If you would like to discuss your project idea in confidence, please contact us.
Contact details are on
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