The Republic of Korea and the United Kingdom actively participating in Eurostars2 jointly announce a Promotional Call for Project Ideas within the Eurostars2 programme. It is to facilitate innovation and technology development both in Korea and the UK. The call focuses on developing innovative products and applications with a strong market potential. Although Eurostars2 calls are open for projects within all technology areas, this Korea – UK promotional call specially focuses on:
Following the brokerage events, project applicants will be invited to present proposals according to the Eurostars criteria:
Submission and approval procedures
In order to submit the full application, you must register on the Eurostars website, starting (3 months before the deadline), and upload your proposal directly in the Eurostars application platform according to the joint Eurostars guidelines before 1 March 2018.
However, in order to check the eligibility of your project and assist you with improving your application, we advise you to share a short description of your application, using the project outline form, with the Eurostars contact person in KIAT and Innovate UK before 19 January 2018.
We are keen to facilitate collaboration between SMEs in the Republic of Korea and the UK, but there is no specific budget dedicated to this. The funding comes from the respective national budgets for Eurostars. Full proposals submitted will compete against any other proposal submitted within the Eurostars programme.
Both Korea and the U.K will fund its eligible participants within the Eurostars framework, which means that funding conditions and eligibility criteria may vary.
Main aspects of the funding criteria:
Project funding is comprised of government contributions and civilian dues (cash and in-kind). The amount of government contributions will vary depending on the type of executing organizations and project in accordance with Article 24 (Funding criteria) and Article 25 (Civilian dues) of the Common Operational Regulations for the Industrial Technology Innovation Programs. (see: www.pms.re.kr).
A party that participates in a project shall carry out its project using the government contributions allocated to it, and for-profit organizations shall individual bear the cash portion of civilian dues.
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Only research-performing SME’s are eligible for grant funding. The maximum grant budget is €360,000 per UK project partner, at a grant rate of up to 60% of eligible project costs. UK eligible project costs follow the UK domestic rules, and in addition the following criteria must also must be met at the closing date for the application, and remain applicable throughout the duration of the project:
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