Are You An Innovative Entrepreneur Motivated To Make Impact? Do You Have Ideas That Not Only Tackle A Societal Challenge But Also Create A Business Case? If So, We Are Looking For You. Join Our Competition, Where We Seek Innovative Solutions To Address Some Pressing Societal Challenges. This Competition Offers An Opportunity To Start An Innovation Trajectory For Research And Development Resulting In A Validated Prototype, Collaborations With Entrepreneurs And Impactful Solutions That May Lead To Viable Business Models. The Ministry Of Foreign Affairs Provides For Phase 1 Of This Sbir Dm Challenge A Budget Of € 400,000 (Inclusive Of Vat) Per Theme. The Maximum Price Per Phase 1 Project Is €50,000 (Inclusive Or Vat). For Phase 2 A Budget Of €900,000 (Inclusive Of Vat) Is Available Plus Any Remaining Budget From Phase 1. The Maximum Price Per Phase 2 Project Is €200,000 (Inclusive Of Vat). Only Contractors That Have Completed Phase 1 Successfully Will Receive A Bid Request For Phase 2.
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