Comments on Funding:
NRC covers up to 50% of project costs for SMEs, up to a maximum of $500,000 per participant per project.The funding is non-repayable contribution against approved work completed and invoiced.
Applicants must be:
The Network projects programme has limited eligibility criteria for joining a consortium and you can participate in an R&D project even if you are not eligible to receive any funding:
The application will be checked for completeness and eligibility before being reviewed using a standard evaluation procedure. If successful, the project will receive a Eureka label. NRC will carry out a further evaluation of the applicant’s company and project according to national rules before allocating funds to successful applicants. The due diligence process assesses the company’s business and managerial capabilities, potential to achieve expected project results and outcomes, financial capabilities and its plan to commercialise the developed technologies. The final step is to complete a signed consortium agreement (CA). Applicants are advised to seek legal advice when drafting their CA.
Other Things to Note:
Network projects is open for applications all year round.