SP3H Announces That It Has Obtained a €1.2 Million European Union Grant for Its Intelligent and Clean Vehicle (VIP) Project
SP3H is proud to announce joining the very select circle of the 10 French winners of the H2020 SME Instrument Phase 2 program since 2014.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171020005325/en/
Last summer VIP received the very prestigious SME instrument phase 2 H2020 label in the "transport & smart cities mobility" category. With an overall budget of € 1.7 million, VIP is subsidized by the European Union at a rate of 70% or €1.2 million. The framework contract was officially signed early October.
VIP is the pre-industrialization program for Fuelbox sensors, the world's first miniaturized scanner capable of analyzing the quality of fuels on board vehicles. The heart of the program remains closely linked to the reduction of CO2 and pollutant emissions from vehicles.
"SP3H is a great example of innovation at the service of sustainable development. We are very happy to welcome them in our portfolio!" says Dr. Bernd Reichert, Head of SME Instrument, European Commission's Executive Agency for small and medium-sized businesses (EASME).
"This labeling has a double advantage: it demonstrates both the European Union's interest in our solution that target the reduction of CO 2 emissions from thermal engines and also validates the stage of maturity reached by our technology," says Alain Lunati, founder and general manager of SP3H.
SP3H also received a grant from the BPI (the national bank for Innovation) of € 20k for the project.
About Horizon 2020's SME Instrument
Horizon 2020's SME Instrument invests in highly innovative SMEs with significant growth potential and global ambitions. To date the SME Instrument has invested almost € 1.2 billion in over 2800 projects, 700 of which are in Phase 2. SMEs also received free business coaching and support in launching their products on the market.
SP3H is based on the Technopole de l'Arbois in Aix en Provence. Since its inception in 2005, the company has raised over € 11M. The Fluidbox sensors developed by SP3H are robust enough to analyze in real time the quality of the fluids for the process industries (refining, petrochemicals, chemical, farm...) but also able to analyze the fuel on board of a vehicle.
Marielle Chauvel, +33 (0) 442 976 950
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