Cloudstreet Oy will receive a €1,6 million grant for the implementation of Horizon 2020 SME Instrument phase 2 project

Invent Baltics consultants supported Finnish company Cloudstreet Oy in preparing a successful SME Instrument Phase 2 project proposal. The project with a total budget of €2.3 million will receive support under the Open Disruptive Innovation Scheme.

Cloudstreet is developing a solution that will identify the exact data need for each internet connected device or application on-the-fly and enables instant and fully-automated network optimisation to serve each end-user’s precise data requirements at any particular moment, without affecting other network users’ connections. SME Instrument Phase 2 project will enable Cloudstreet to create universal compatibility with all mobile networks´ infrastructures and launch their solution globally to all end-users.

SME Instrument is a dedicated funding instrument under the Horizon 2020 Research and Innovation programme that supports innovative SMEs in Europe. The instrument aims to fill the gaps in funding for research and innovation at early stages and thereby accelerate the exploitation of novel solutions to address key societal challenges. Applications are expected in various topics and companies can apply for funding as single applicants or with partners. Subcontracting is allowed both in phase 1 and phase 2 projects.

The SME Instrument phase 1 funding supports SMEs to cover the funding for initial feasibility assessment and business modelling for the novelty. Phase 2 funding is targeted to SMEs with particular focus on product development, demonstration activities and market replication.

The next cut-off dates for phase 1 are 15.02.2017 and 03.05.2017. The next phase 2 deadlines are 18.01.2017and 06.04.2017. Invent Baltics OÜ provides initial consultancy regarding funding opportunities within the Horizon 2020 Research and Innovation programme free of charge.