EUROPEAN UNION GRANTS FOR INNOVATIVE SOLUTIONS AGAINST COVID-19

Finnova will mentor the projects in their presentation before the European Commission.

The European Commission, add efforts, resources, and make a call to those SMEs and new companies with technologies and innovations that can help in “treatment, testing, monitoring or other aspects” to combat the COVID-19. In this exceptional call, projects can be less than 500,000 euros. Open emergency call for SMEs to submit a tender to combat the side effects of the coronavirus. .

Details of the call.

Urgent applications can be made next round of funding of the European Conseil of Innovations, to the EIC Accelerator, which remain open until next Wednesday March 18th at 5 p.m., Brussels time.  The budget of the call is a total of 164 million euros.

Juan Manuel Revuelta, CEO of the Finnova Foundation encourages companies to submit their projects, ‘Usually these projects are between 500,000 and 2,5 million euros, and in this case as an exception, they may be under 500,000 euros. In addition, projects that are of interest may be financed by other EC and external financial ways such as additional funding from regional and national governments or private foundations.’

In the light of the situation, the Commission is speeding the granting of these EIC subsidies and blended finance (together with capital investment) for innovations that support this cause. Access will also be provided to other sources of funding and investment.

Examples of innovations to combat the COVID-19 that are already being supported.

Some examples of innovations that have already been supported by the EIT that contribute to the fight against Coronavirus are EpiShuttle (specialized isolation units), M-TAP project ( filtration to remove viral material), MBENT Project (human mobility tracking during a pandemic).

Finnova supports in the application for these grants.

Finnova is the European Foundation for Innovation Funding, Lola Bordás, responsible for communication of the Foundation, reported that Finnova will establish open innovative strategies that contribute to provide disruptive solutions against this pandemic, and that facilitate public-private partnerships such as Helth Startup Europe Accelerator, project in which Finnova will focus its work

In the same way we also appeal to spread this call between all those companies and SMEs that can bring a solution or innovative idea. We can all provide solutions.

You can send us your proposals to info@finnova.eu

For further information, contact cmo@finnova.eu