The European Research Council (ERC) has awarded Proof of Concept grants to 160 researchers to help investigate business opportunities, establish intellectual property rights or conduct technical validation for their frontier research findings. The grants, worth up to €150,000 per project, are part of the EU's Horizon 2020 research and innovation programme.
The recipients of these grants will, for example, develop new antibiotics that target drug-resistant bacteria, produce graphene sheets to protect works of art and produce thermal-regulating paints that could reduce energy consumption of buildings. See examples of projects.
The funding enables researchers to explore the innovation potential of their scientific discoveries and bring the results of their frontier research closer to market. The winners of the last of the three rounds of the latest (2017) competition have been announced today.
The overall budget of the 2017 competition was €24 million. The Proof of Concept grant scheme is open only to ERC grant holders. Grantees can apply for funding in one of the three rounds of the yearly call. Last year 532 ERC grantees applied.
ERC Proof of Concept Grants 2017 - results:
- first round
- second round
- third round
- Overall results of ERC Proof of Concept Grants 2017 competition (including the funded proposals from the reserve list)
To date, the ERC has funded over 7,500 top researchers at various stages of their careers, and more than 50,000 postdocs, PhD students and other staff working in their research teams.
The ERC has an annual budget of €1.8 billion for the year 2017, which is around 1% of overall spending on research in Europe.