EUREKA’s Eurostars Programme is the first European funding and support programme to be specifically dedicated to research-performing SMEs. Eurostars stimulates them to lead international collaborative research and innovation projects. The Eurostars mission is “To support R&D-performing entrepreneurs, by funding their research activities, enabling them to compete internationally and become leaders in their sector.”
The EUROSTARS programme was created on the basis of EUREKA experience. It will combine the successful bottom-up approach of EUREKA with combined financial backing from both national funding instruments and the European Commission, through the Seventh Framework Programme (FP7). EUROSTARS stimulates and supports a niche market of research-performing SMEs in their innovative and often high-risk R&D projects, bringing faster European technologies to the world market.
EUROSTARS programme is open for funding applications on a continuous basis, with an average of two application submission deadlines each year.
EUROSTARS programme budget consists of three parts for the period 2007-2013:
National funds from EUROSTARS member countries - 300 million euro;
European Commission funds from Seventh Framework Programme - 100 million euro;
Private sector funds - 400 million euro.
Lithuania is going to earmark 3 million euro for national participants during the period of 2007-2013. The budget of 0,5 million euro is foreseen for successful projects every year.