Design Based Consumer Goods 2 Funding Program announced!

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A new funding program and action has been announced by the Ministry of Energy, Commerce, Industry and Tourism under the European Programme for the Competitiveness of Enterprises and Small Medium Sized Enterprises COSME.


The call is for Design-Based Consumer Goods II with Identifier Code: COS-DESIGN-2015-3-06.

The objective of the action is to reinforce the competitiveness of the European SMEs active in the design-based consumer goods area. By encouraging the market uptake of new and creative solutions in the design-based consumer goods area, the action aims at multiplying the effects of foreseen solutions by mobilising a wide market uptake and reaching a critical mass and self-sufficiency during the project duration or in the short/medium term.

Detailed Call Description

The measure seeks to bridge the gap between research and innovation on the one hand and market on the other hand by supporting scale-up, market replication and/or first application of projects related to novel products, services, techniques or processes. By doing so, it will limit to a large extent the residual risk and will contribute to stimulating competitiveness among EU SMEs of the targeted value chains.

Design-based consumer goods SMEs are continuously reinventing their business models by changing production and distribution patterns to match the demand expressed by consumers and capture new market trends. In order to remain competitive, these companies have to continue moving towards higher added value products, processes and services. To take advantage of demographic changes and rapidly emerging new market trends, they need market-ready and consumer-oriented solutions.

Promising solutions may already exist but often they do not reach the market due to commercialisation obstacles and residual risks linked to scaling-up. They may also result from the fragmented structure of the activities involved, constituted typically by a large number of SMEs, with difficulties to attract the necessary skills and finance (“valley of death”).
In this context, the action aims to support projects related to market uptake of creative and novel products, services, techniques or processes, which feasibility has already been demonstrated but due to existing difficulties have not yet penetrated the market. It seeks to shorten the time-to-market of innovative solutions, remove obstacles to wider application of creative solutions, create or enlarge markets for related products (or services) and finally improve the competitiveness of European companies in world markets. Moreover, there is an important potential to replicate the innovations not only in participating SMEs but also across the supply-chain while generating important spill-overs.

The call will specifically target SMEs that can participate alone or lead a consortium (including for example academia, other research and technology organisations (RTOs) and relevant support services).

The methodology and performance indicators will follow best practice and mainly focus on business impact.

Design-based consumer goods SMEs are continuously reinventing their business models by changing production and distribution patterns to match the demand expressed by consumers and capture new market trends. In order to remain competitive, these companies have to continue moving towards higher added value products, processes and services. To take advantage of demographic changes and rapidly emerging new market trends, they need market-ready and consumer-oriented solutions.

Promising solutions may already exist but often they do not reach the market due to commercialisation obstacles and residual risks linked to scaling-up. They may also result from the fragmented structure of the activities involved, constituted typically by a large number of SMEs, with difficulties to attract the necessary skills and finance (“valley of death”).

In this context, the action aims to support projects related to market uptake of creative and novel products, services, techniques or processes, which feasibility has already been demonstrated but due to existing difficulties have not yet penetrated the market. It seeks to shorten the time-to-market of innovative solutions, remove obstacles to wider application of creative solutions, create or enlarge markets for related products (or services) and finally improve the competitiveness of European companies in world markets. Moreover, there is an important potential to replicate the innovations not only in participating SMEs but also across the supply-chain while generating important spill-overs.

The call will specifically target SMEs that can participate alone or lead a consortium (including for example academia, other research and technology organisations (RTOs) and relevant support services).

Some vital details for the call are:

Call Total Budget: €4,000,000
Percentage of Subsidy/Co-Financing: 50%
Thematic Categories: Industry, Small-Medium Enterprises and Competitiveness
Eligibility for Participation: Private Bodies, Small and Medium Enterprises (SMEs), State-owned Enterprises
Call Opening Date: 10/12/2015
Call Closing Date: 14/04/2016

Find below the national contact details for Cyprus

National Contact Point(s):
Katerina Solomou
Οfficer of Commerce and Industry
Ministry of Energy, Commerce, Industry and Tourism
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel.: +357 22 867193
Telefax: +357 22 375120

Source: Funding Programmes Government Portal