The Spanish Gnanomat announced receiving EU funds for a project in the "SME instrument" of the H2020 program. The project called GRAPHEEN aims at scaling up a green, affordable and simple process for the industrial synthesis of graphene-based materials, for their use in energy applications.

Phase 1 will see Gnanomat receiving €50,000 for accomplishing a feasibility study to evaluate the technical feasibility of scaling up its proprietary technology and to assess its commercial potential.

The SME instrument is part of the Horizon 2020 program and finances innovative ideas with market potential. The instrument is divided in three phases, with the aim of transforming disruptive ideas into concrete, innovative solutions with a European and global impact.

Successful applicants in Phase 1 are the preferential candidates for the Phase 2 project of between €0.5-2.5M funding.