Empowering Innovation: Get R&D Funding and Engineering Support with Promwad

European funding
Alex Worobjow

 Alexander Worobjow

Director at Promwad GmbH

We undertake R&D in hardware and software development for our customers with financial support from European foundations, which cover the costs of innovative project development: up to €15 thousand for the investigation stage (proof of concept) and up to €40 thousand for MVP development. 

Such support is essential for small and medium-sized enterprises, which may refuse or postpone starting new R&D projects due to the lack of funding or necessary engineering expertise. Promwad can bridge this gap with grants and its tech expertise as an engineering partner of ZENIT GmbH, a technology and innovation agency of the German State of North Rhine-Westphalia.

If your company would like to check the feasibility of new engineering solutions based on advanced technologies such as AI and edge computing, green energy, 5G, mobility, or connected everything, Promwad will help you get funding to launch the project and take over all its engineering tasks. Our company's experience and access to Horizon Europe-level funds make us a valuable technology partner in your R&D activities.

For example, Horizon Europe is co-financing the €6 million TARGET-X project, which aims to accelerate the digital transformation of critical industries with 5G and 6G. Companies that work with these technologies can receive a grant to develop their solution.

Here's how your company, supported by Promwad, can use European funds for digital innovation:

  • Obtaining a grant for a research project (for German companies). If your company has an idea for a new technological solution that needs to be pre-tested, Promwad can conduct research and analyses to confirm its feasibility. The funding will cover the costs associated with validation, system architecture development, and preparation of technical specifications.
  • Receiving a grant for MVP and prototype development after research and validation. Companies can apply for funding by attaching the results of their investigation phase. Promwad, together with research institutes, will help develop MVPs, create prototypes, and accelerate market launch.

Tell us about your digital technology project, and we will select available financing tools for the investigation and MVP development phases.