We are pleased to announce that the European Commission (EC) has issued its Seal of Excellence to Tidal Sails for our Horizon 2020 SME Phase 1 project proposal.
Following evaluation by an international panel of independent experts, the proposal was scored as a high-quality project proposal in a highly competitive evaluation process, which means it passed all stringent H2020 assessment thresholds for the 3 award criteria (excellence, impact, quality and efficiency of implementation) required to receive funding from the EU budget H2020. As H2020 resources available for this specific call had already been allocated, the evaluation panel issued its Seal of Excellence and recommended the proposal for funding by other sources.
After receiving the EC’s Seal of Excellence, Tidal Sails have also been granted 490.000 NOK by Innovation Norway (IN). The IN grant will cover costs of technical, commercial and financial feasibility analyses in preparation of TachReach market deployment, as described in our Horizon 2020 (H2020) SME Phase 1 project proposal.