Reblogged from Science in the Net

Good news for the small and medium enterprises (SMEs) that aim to bring their own scientific research at an international level. The Ministry of Education and Research has officially committed to fund and support Italian participants in Eurostars-2, with a budget of 0.5 million euro in grants and 2 million euro in loans, in order to develop new ideas as part of the action taken under Article 185 of the Treaty on the Functioning of the European Union (TFEU). Which means funds with a better rate than that proposed by the actual market.

TFEU aims to integrate parts of national programs in order to build a common European research program.Eurostars is an European programme that supports research-performing SMEs for the development of innovative products, processes and services that should be rapidly commercialized. The European Community has funded Eurostars-2 with 287 million euro for the period between 2014 and 2020, requiring the member states a funding at least three times higher. Hence the commitment of the Ministry of Education to invest a total amount of 2.5 million euro in this second phase of the project (the Ministry of Education did not participate to the first deadline, last March).

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