20 M€ in open calls for proposals for a total budget of 7.510 M€.
Grants for Basic Research Projects which aim at generating new knowledge within a given scientific field.
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GRANTS FOR ERC PROOF OF CONCEPT
ERC-2012-PoC ERC Proof of Concept
The ERC Proof of concept provides additional funding to ERC grant holders to establish proof of concept, identify a development path and an Intellectual Property Rights (IPR) strategy for ideas arising from an ERC-funded project. The objective is...
ERC-2013-PoC ERC Proof of Concept
The ERC Proof of Concept Grant provides additional funding to ERC frontier research grant holders to establish proof of concept, identify a development path and an Intellectual Property Rights (IPR) strategy for ideas arising from an ERC funded project....
It is widely recognised that Europe offers insufficient opportunities for funding in the earliest stage of an innovation, where a potentially commercial or socially valuable concept needs
verification through testing or prototypes, through the identification of a potentially appropriate market, and also through the creation of protectable intellectual property rights, in terms of patents or other forms of protection.
Because of the difficulty of attracting investors who would be ready to risk their capital in an innovation which is still in its pre-development stage, many excellent useful ideas presenting
interesting opportunities for exploitation get lost in the period of transition when they are already deemed promising, but too new to validate their commercial or societal potential and thereby attract the capital necessary for their continued development.
The ERC funds excellent research at the frontier of knowledge. This frontier research in emerging areas can often cover elements of both basic and applied research.
ERC funded ideas are therefore expected to lead to social and commercial innovations which, when successfully applied, could generate enormous economic and societal benefits for Europe.
By covering the funding gap which can occur at the earliest stages of an innovation the ERC aims to capture the maximum value from the frontier research that it funds.