How can an SME participate in the EuroCPS project

EuroCPS takes a pragmatic approach to the definition of Industrial experiments. These are innovative projects that address the challenges of CPS enabled IoT products and that demonstrate high potential in terms of competitiveness and growth. Each experiment will deliver a demonstrator and needs to show a substantial measurable economic and or strategic impact. This starts from a user need to target a final innovative product. Industrial experiments make use of EuroCPS platforms and competencies to accelerate CPS development time. The fact that platforms can be used in different products also mitigate the cost of CPS. Each industrial experiment will be supported by one cascade funding partner to provide funding and manage and monitor the experiment, at least one competency partner to enable the third party to use the advanced technologies and platforms; and at least one CPS or component platform partner.

Experiment proposals should propose to develop innovative European CPS products that use existing European HW and SW components and platforms to sustain the demand for EU manufacturing. Potential candidates will be selected if the funding can help them to:

  • Enhance profitability and growth performance by combining and transferring new and existing knowledge into innovative, disruptive and competitive solutions seizing European and global business opportunities.
  • Tackle specific challenges in a sustainable way by uptaking the market and distributing innovations.
  • Increase private investment in innovation, notably through private co-investments and/or follow-up investments in successfully supported third parties.
  • Obtain a clearly qualitative and quantitative substantiated impact (e.g. on turnover, employment, market size, IP management, sales, return on investment and profit).

EuroCPS SME Involvment

Why it is beneficial to participate

The industrial experiments selected by the EuroCPS project will be funded at a funding rate of 70% through a cascade funding that is reserved for this purpose. When needed, and in case of complex products, the industrial experiment funded by EuroCPS may be restricted to the study and building of an early prototype to proof the concept and then the R&D phase including the development of product demonstrators, the test, and the design of the product will be mostly funded by other European programs (H2020 and European SME instruments). This budget will cover SW, preliminary study, first prototyping, etc. EuroCPS will not fund commercialization. Third parties will rely on existing clusters such as the COSME Enterprise Europe Network to extend their business at the European level. The total funding for each individual experiment will be between 50,000 € and 150,000 €, but not exceeding 150,000 € per third party in total. The cascade funding will be distributed by cascade funding partners.