ECSEL (Electronic Components and Systems for European Leadership) has €4.8 billion to spend over ten years promoting public/private projects in nanoelectronics, embedded systems and smart system integration.
SMEs are a key target group for ECSEL funding.
“The objectives are clear: create critical mass, select innovative ideas and bring products to market quicker,”says Heinz Kundert, CEO of SEMI Europe, ” co-operation projects offer opportunities to work enterprises in the components and applications sectors, prototype products on pilot lines, and test and demonstrate in live labs.”
“The value of participating in public funding programs is not just the actual financing,” adds Kundert, “the true benefit, in particular for SMEs, is the cooperation with suppliers and potential customers, access to top-notch facilities and continual user feedback to not only bring a product to market, but bring it at the right time.”
Kundert points out that the new rules for public/private financing allow up to 21.2% of a € 6 Billion fab to be financed through public funds.