How to apply for support from the "EUREKA" Fund

This fund offers support to Monegasque companies for technological projects that are innovative (involving real technological progress or the introduction of an innovative product to the market) and collaborative (obligatory partnership with at least one other partner belonging to one of the 47 EUREKA member countries), through of repayable loans or subsidies.

The project must result in a technologically innovative project and show real commercial potential.

Who can receive support?

Companies in the industrial sector, tertiary industry and those providing services to industry are eligible for support from this fund.

Stages of the project and costs taken into account:

• Research, feasibility studies, development
• Development of a prototype
• "Pilot" implementation of production
• Pre-production

This scheme funds R&D projects that aim to develop an innovative product, process, or service within 24 months. Projects must deliver a significant advance in their market.

Each one must be carried out by a consortium of at least two participants from member countries of the network. These can include businesses, universities, research centres or laboratories.

Projects must be based on a balanced partnership agreement, with no single partner carrying more than 70% of the total budget.
Funding is provided on terms similar to the Monaco Innovation Fund, in the form of repayable advances depending on the partners involved and the type of project.

A meeting is required to confirm eligibility.

Applications are evaluated on the basis of a business plan forecast for the three years related to the company’s project as well as the completed application form, which you can download from the Eureka website.

For more information about the scheme, contact the Business Development Agency: