Funding from the European Innovation Council’s SME instrument

SeaTwirl selected by the EU as a winner in the SME Instrument program

SeaTwirl will receive €2.48 million from the European Innovation Council’s SME instrument, for its innovative, floating “SeaTwirl S2” wind turbine.

“The SME instrument offers Europe’s brightest and boldest entrepreneurs the chance to step forward and request funding for breakthrough ideas with the potential to create entirely new markets or revolutionise existing ones.”

The companies, selected after a  review by professional assessors and personal interviews by a jury of investors, entrepreneurs and venture capitalists, receive up to € 2.5 million to finance innovation activities. SeaTwirl was granted € 2.48 million.

The grant will be used for the final phase of the S2 project and primarily for detailed design, project management, marketing and commercialization. In addition, SeaTwirl has the opportunity to benefit from EU services in business coaching and business acceleration within the program.

This project has received funding from
the European Union's Horizon 2020 research
and innovation programme under grant
agreement No 874042

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Interested in how SeaTwirl can help your energy project deliver renewable energy at the lowest cost available? Welcome to contact us for a more in-depth presentation of our products and projects!

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