The EU funds projects that aim at R&D collaboration, product development, scale-up or market access of innovation.
Funded projects’ sizes typically vary from EUR 2 million to as much as EUR 100 million. The funding is often grant-based, which means you do not need to pay it back, and it typically covers 40-75% of the project’s accumulated costs. Typically funded costs are OPEX costs and the easiest costs to budget are salaries. In some cases even CAPEX costs are accepted.