Five reasons to participate in EU projects
Participating in EU projects requires planning and determination, but can provide five major benefits: excellence, networks, impact, funding, and outreach.
- Excellence: EU funding is competitive, and obtaining an EU grant proves that the applicant’s maturity and skills measure up to the European, or even international, competition.
- Networking: Due to their transnational nature, EU projects can be a privileged way of growing one’s network by working together with relevant players in one’s field
- Impact: Certain scientific, economic or societal issues cannot effectively be addressed on national level only. This is particularly true in a small country such as Luxembourg. In these cases, a trans-European partnership considerably increases the chances for success.
- Funding: Horizon 2020 funding rates and budgets are advantageous. Funding rates have been increased compared to previous framework programmes, with reimbursement of up to 100% for direct costs for research actions, 70% for innovation actions and 25% for indirect costs.
- Market outreach and investment: To bring innovative products and services that have been designed within a project to the market, Europe-wide partnerships can be advantageous. Participating in international consortia helps the project gain more visibility and credibility vis-à-vis potential investors.