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From Food Tech Innovation Portal

Introduction Money is the key issue in an innovation project, to achieve your ambitions, and not lose the control over it.

In this first stage, you need money to run the pre-feasibility studies, but you also need to identify the necessary financial resources, whether they are in-house (R&D or base) or external, for all the following steps, in order to bring the project to fruition.

Establishing a rough global budget, including extras (risk assessment), is the basis. Identifying the investors and funding bodies and sources is the complementary and necessary joint action.

Key issues - What budget for feasibility studies?

- Have you already estimated the cost – benefit ratio / return on invest rate?

- Planning of research activities and related costs?

- Planning of development activities and related costs?

Food TIP's answers On this website (Food Tech Innovation Portal), you can find a database of financial sources for joint research projects: (link to be added)

Additionally, some Practical Sheets can be helpful: European financing instruments (loans, guarantees, etc.)

Other sources - European Network for Financing Food Innovation: ;

- ENFFI Tool box: Food sector specific tools to facilitate the access to the financing process

- European Commission / DG Entreprise and Industry: Access to finance - Quick guide to funding (available in DE, EN, FR)

- CORDIS Guide for Funding: Practical Guide to EU funding opportunities for Research and Innovation (available in DE, EN, ES, FR, IT, PL)

- European Small Business Portal / Innovation, research and copyright: Portal gathering information provided by the EU on and for SMEs, ranging from practical advice to policy issues, from local contact points to networking links (available in all EU languages)

There are specific financial sources and programmes in each state, region and even at lower level that you should consider to finance your project.

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Created by Hte zenit on 15 May 2012, at 09:27