The European Commission announced on 25th October 2012 that the target on research funding for Small- and Medium-sized Enterprises (SMEs) was exceeded.
SMEs received 16.3% (€2.9 billion) of the Cooperation Programme budget of €18.6 billion spent so far under the Seventh Framework Programme (FP7). This surpasses the 15% goal set by the European Parliament and Council of Ministers at the beginning of FP7. This €2.9 billion had been allocated to over 11000 SME participations by 30 September 2012. It is estimated that for all five specific programmes under FP7, SMEs have so far received just over €4 billion. It is forecast that by the end of FP7 (2007–2013) some 30,000 SMEs will have received around €7.3 billion in EU research funding.
Full article is available <<here>>.
SME participation report can be consulted <<here>>.
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