EN3 | Updates

By Team EN3

EN3 Qualified for Multi-Billion Excellence Program by the EU

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Dear Companists,

We are glad to tell you that EN3 is one of the few German start-ups that have successfully passed the application procedure of the Horizon 2020 program (read more here) by the EU.

EN3's financing strategy also includes non-repayable grants. Horizon 2020 (http://ec.europa.eu/programmes/horizon2020/en) is a new European grant program started in 2014 and funded with EUR 79m that is meant to support the best and most innovative companies in Europe. The EU's goal is to significantly reduce competitive disadvantages of European technological companies compared to the rest of the world until 2020 (read more here).

In other words, one could say that this is the "Champions League" of only very few winners that are approved after a rigorous assessment and selection process.

 

 

High Requirements of Horizon 2020

As of 18 June 2014, 2666 applications by SMEs had been submitted all across Europe, 317 of which received a positive evaluation result and only 155 of which were selected for grants. Thus, a total of only 6 % of companies made it past the first selection process. EN3 was able to convince the jury and received ratings of "very good" to "excellent" in all categories. We consider this a confirmation that our innovative technology has a high quality.

The external and independent judges evaluated the following aspects:

  • the company's scientific excellence,
  • the possibility that the company will play a leading role in developing industries of the future, and
  • social challenges (environmental and climate protection).

 

Many Benefits for EN3

Of course, Horizon 2020 also includes financial subsidies from the European Commission, which will help advance our joint project EN3. Having passed phase 1 of the Horizon 2020 project, we are now in phase 2, which includes potential grants of up to EUR 2.5m. EN3 expects to have considerable advantages because of grant programs such as Horizon 2020:

  1. Horizon 2020 supports sustainable European growth of EN3.
  2. It enables future access to new investors: Part of the Horizon 2020 budget is not provided in the form of financial subsidies, but in the form of risk shares (in exchange for loans and guarantees) and risk finance (equity).
  3. It enables access to customer networks.

These huge advantages support EN3's excellent prospects for further development. We are thus looking forward to phase 2. 

 

Best regards,

The EN3 team



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