The project will run for 30 months and aims to support European SMEs in the development of innovative products and services by integrating new technological solutions and know-how provided by Small Flying Objects (SFOs) such as drones, small satellites and high altitude platforms (HAPS), in order to address societal challenges and emerging market industries needs.

The six emerging industries are:

  1. Mobility Technologies
  2. Climate
  3. Environmental
  4. Blue Growth
  5. Digital, Creative and Gaming,
  6. Finance and Innovation

Throughout the project duration, in order to foster collaborations between SMEs from different sectors and countries, there will be Open Calls for Proposals (Financial Support to Third Parties (FSTP) or often they are called Cascade Funding) with an indicative budget of over 3 million euros published on the UFO website. Overall, the project will support innovative solutions from 50 – 70 SMEs. The Climate-KIC will provide additional funding for climate change related topics that meet their own funding criteria.

For more information on the Project, the Consortium and for forthcoming Open Calls, visit the website: www.ufoproject.eu and follow on Twitter