R&D&I: research& development & innovation. Within the context of EU funding, R&D&I indicates an extended scope of activities that are eligible for funding. Traditionally EU research programs focused on research & development (R&D&I), i.e. stopping short of piloting actions or the manufacturing/production stage. Europe acknowledges that it is strong in research but has difficulties bringing research outcomes to the market. The addition of “innovation means that the next generation of EU funding programs can finance activities that are closer to the production stage.
SMEs: small and medium-sized enterprises. The EU definition of SMEs evaluates the number of employees and the turnover or balance sheet total:
It is estimated that over 99% of all European businesses are SMEs, so EU policies pay special attention on facilitating SMEs’ access to EU funding and ensuring EU regulations do not place a big administrative burden on SMEs.