Pixpolar Oy received the funding from the first round of Horizon 2020 Small and Medium-sized Enterprises (SME) Instrument funding from EU for Phase 1 projects. In this round, the instrument received in total 2602 eligible project proposals, out of which 6% received funding. The toughest competition was within the Open Disruptive Innovation (Information and Communication Technologies) topic, where 3% of 886 eligible proposals received the funding. Pixpolar Oy was the only successful applicant from Finland under the Open Disruptive Innovation topic.
The EU Research and Innovation programme Horizon 2020 provides a total of nearly EUR 80 billion of funding from 2014 to 2020. The particular focus of the programme is on SMEs, with as much as 20 per cent of the budget assigned for development of key technologies and solution of societal challenges targeted to SMEs. The funding applications are processed at the European Commission in Brussels.