EU Partnership for Innovative SME’s Eurostars 3, call 3

About the call

Eurostars is the largest international program for innovative SMEs in Europe covering 37 member states including countries outside of Europe such as South Korea, Israel, South Africa, Canada, Turkey and Singapore. Eurostars is co-funded by the EU and the participating member states and administered by the EUREKA Secretariat.

NB Germany does not participate in EU Partnership for Innovative SME’s Eurostars 3, call 3.

Eurostars’ call conditions

At least two partners from two different Eurostars member states must participate in the project and at least 50% of the project must be conducted by the participating innovative SMEs. The project consortium must be led by an innovative SME.

The maximum duration of a Eurostars project is 36 months.

For complete list of Eurostars’ call conditions see here.

National call conditions: Topics and funding

IFD can provide funding to projects with a focus on:

1. Green research, technological development and innovation
2. Life science, health and welfare technology and
3. Research and innovation within new technologies.

Projects without a participating Danish SME will not be eligible for funding from IFD.

Danish SMEs can only participate in one Eurostars project per call.

IFD co-finance salary, materials, travels, dissemination and to a limited extent subcontracting.

IFDs can co-fund up to € 300,000 per Danish partner and a maximum of € 500,000 to all Danish partners in an application.

Innovation Fund Denmark’s general guidelines for the call and funding rates can be found here.

Financial requirements for Danish SMEs

• Danish participants must be registered as legal entities with economic and actually activities taking place in Denmark. The activities funded through Eurostars by IFD must be conducted in Denmark.
• Danish participants must (upon request) prove that they can support their part of the project costs For full details on financial requirements for enterprises, please consult guidelines here.
• Enterprises requesting funding calculated as a percentage of actual costs must have sufficient financial resources to operate their daily business and a surplus cash flow to co-finance the public investment in the project. The available surplus cash flow must be demonstrated by using the formula found in section 2.1 here. The calculated cash flow must at least be equal to or greater than the required private co-funding rate of IFD's annual investment. All entries should be based on the annual financial report from the previous accounting year. If the financial situation has changed since the financial reporting, it must be demonstrated to IFD in the eligibility check of the project. A template for the cash flow test will be made available in due course which should be uploaded on e-grant after deadline.
• Enterprises requesting de minimis funding must fulfil at least one of two financial requirements: A) Have attracted an external equity or quasi equity investment of at least DKK 100,000 within the last three accounting years. B) Have a net profit before tax on at least DKK 250,000 in the accounting year preceding the application.
• Innovation Fund Denmark does not have a requirement for Danish applicants to upload a financial annex to the application. IFD Denmark will draw on data from the Central Business Register. If needed however IDF Denmark might ask for further information in the process of the legal and financial viability check after call deadline.
• A SME must be an SME according to the EU definition for and it must not be “an undertaking in difficulty” according to EU 'state aid rules.
• After the Eurostars call deadline, each Danish participant will automatically receive a national e-grant file number via e-mail and be asked to upload the full Eurostars application and for enterprises also the cash flow test. The Eurostars application and cash flow test must be uploaded on e-grant no later than 14 days after receiving the e-mail.