!! We Did It Again !!

We received Seal of Excellence for the second time

by Fin4Green

In October 2018 we received Seal of excellence for the second time. Seal of excellence is the high-quality label awarded to projects submitted to Horizon 2020. Projects are evaluated by an international panel of independent experts. Our project was sored as a high-quality project in a highly competitive evaluation process that encompasses stringent Horizon 2020 assessment thresholds for the 3 award criteria (excellence, impact, quality and efficiency of implementation). It recognises the value of the proposal and supports the search for alternative funding.

!! THUMBS UP TO EXCELLENT TEAM !!

WHAT IS HORIZON 2020

Horizon 2020 is the biggest EU Research and Innovation programme ever with approximately €77 billion of funding available over 7 years (2014 to 2020). Program promises more breakthroughs, discoveries and world leading innovations. Its aim is to secure Europe’s global competitiveness.

Recognising disruptive potential

“Only a handful of innovative SMEs in Europe are awarded with Seal of Excellence. They need to pass a strict examination from business, technology and team aspect. As such, these companies are recognized as new industry super-stars.”

Kristjan Zemljic, Global Disruption

As it helps increase economic growth and create jobs, program has wide political backing of Europe’s leaders and the Members of the European Parliament. Horizon 2020 is open to everyone, with a simple structure that reduces red tape and time, so participants can focus on what is really important. This approach makes sure new projects get off the ground quickly – and achieve fast results.

Check out the videowhere ourCEO Simon Kolencexplains moreabout this endeavour.

COMPETITION and SUCCESS RATE

As expected, the broad EU H2020 scheme is very attractive, hence in the period 2014-2016 (first 3 years of existence) total of 115,235 eligible proposals were submitted under Horizon 2020 calls, requesting a total financial contribution of EUR 182.4 billion, which equates to more than 38 thousand submissions for more than €60 billion per year. The overall success rate of eligible full proposals is 12.6%.Within H2020 scheme, SME instrument is intended for start-ups and small and medium enterprises with revolutionary ideas. Within this call there were 54.250 submissions of eligible proposals in period of 2014-2018, which is on average just above 10 thousand proposals per year. Funding was approved to only 3,885 proposals in the whole period, which translates into 7.2% success rate.Number of submitted proposals and success rates show that there is harsh competition in proposals on one side and that evaluation process is extremely stringent. The results show that we are on the right track and will continue our path.SO ONCE AGAIN: Thumbs UP to the team!! We did it Again !!More on H2020, competition, success rates, etc:on European Commission H2020 page and on their dashboard.