Bjørnar Torsnes, CEO i CodeIT

CodeIT in the European Champions League

CodeIT AS received EUR 1.2 million from Horizon 2020 in the last round. "We are proud to have received this recognition from the European Commission after having applied several times in the past. Thanks to good counselling from Innovation Norway and the Seal of Excellence scheme, which initially triggered the application process, we have finally received confirmation that we are part of the European Champions League for start-ups", says Bjørnar Torsnes, CodeIT CEO.

What is eMRB: eMRB

Small and medium-sized enterprises in Norway are making their mark internationally and receiving major funding from the EU. In competition with companies throughout Europe, four companies will be receiving over NOK 65 million this month in order to commercialise their innovation projects.

"We're very pleased to see the Norwegian business sector doing such a good job of keeping up with international competition. We know that the eligibility criteria are very stringent, and I would like to congratulate Othecos, CodeIT, Voca and Respinor on their European funding", says Mona Skaret, Director of Growth Companies and Clusters at Innovation Norway. "The fact that more and more of our applications for funding from the EU are succeeding is a result of a focus on this at Innovation Norway and within our clusters. Oslo MedTech is an example of both a cluster and its corporate members achieving great success with Horizon 2020. The awards also show that the EU and Horizon 2020 are an arena that offers great opportunities for the Norwegian business sector.

The EU wants to stimulate innovation that will help solve the challenges the world is facing. With Horizon 2020, the EU is aiding the development of solutions to meet our shared societal challenges. This provides major global opportunities for the business sector. The EU has said what it wants, and the Norwegian business sector is responding to the challenges through innovative projects that will have an immediate global market potential.

Tough competition

This is business at the very top level, and competition to get there is tough. Norwegian companies have proven their worth, and from 2014 to 2016, they were awarded NOK 160 million from the Horizon 2020 SME instrument. The results of the first round in 2017 are in, and four Norwegian companies have been successful. These four companies will receive over NOK 65 million altogether. This is a new record!

Facts
About Horizon 2020

  • Horizon 2020's SME instrument is a customised instrument for small and medium-sized enterprises. It targets innovative companies with international ambitions.
  • The instrument is divided into two phases. Phase 1 is a feasibility assessment phase, and companies are awarded EUR 50 000. Phase 2 covers execution of the main innovation project. Companies are awarded EUR 1–2.5 million during this phase. What is Horizon 2020?

Seal of Excellence:
Innovation Norway funds phase 1 applications to the SME instrument that did not receive funding due to a lack of funds in Brussels. You can find more information about the scheme here.

More information:

Kjetil Svorkmo Bergmann, Senior Communications Advisor at Innovation Norway.
Tel.: +47 908 20 918, e-mail: kjber@innovasjonnorge.no.