Horizon 2020 runs from 2014 to 2020 and has a budget of around €80 billion of funding available over the seven years it will run. It’s about bringing more ideas to market. It has three key pillars: Excellent Science Industrial leadership Societal Challenges Here is just a small flavour of UK companies and projects that have been successful in securing Horizon 2020 funding: The London branch of Canadian company Tellspec will receive EU funding for developing a food scanner: an affordable and non-invasive mobile food sensor that enables users to measure and analyse their food intake in real-time. The European Commission awarded a total of €1,000,000 (£852.800) to three innovative companies at the CeBIT 2017 tech conference. UK-based researchers are top of the league in the European Research Council's (ERC) latest round of mid-career consolidator grants. Fifty-eight researchers working in UK institutions will each receive up to €2 million (£1.7m) of … [Read more...]
What Are The Essential Elements Of A Good Funding Business Plan?
It is generally accepted that a business plan is essential for business owners who are seeking to raise money to help fund their businesses. However, a business plan written by the management team can easily fall into the trap of being inward focussed, i.e. centred around the management benefits of planning. To secure finance, you will need to have a business plan, which is specifically targeted to meet the individual requirements of your finance providers or your investors, and not your management team. How does a Funding Business Plan help? Whether debt or equity, a potential backer wants to see why you need finance, how you plan to use it, and what evidence you can provide to back up any claims. It helps convince lenders and investors, that the business owner has thought the strategy through. It also gives any actual investors a set of financial benchmarks for which the business owner and the management team can be held accountable. What should be … [Read more...]
