ACTPHAST measures its impact on European innovation across a broad range of metrics to ensure that it is making a real difference in how it allocates its financial and human resources. Some of the latest results for ACTPHAST's key performance indicators are provided here.
Job creation by ACTPHAST supported companies
Over 700 new EU jobs are expected to be created by ACTPHAST supported companies over the next five years as a result of their ACTPHAST innovation projects.
Here are just some of the supported companies that have been hiring new staff:
Over 90% of supported companies are SMEs of various sizesLarge-Scale CompanyMedium EnterpriseMicro EnterpriseSmall Enterprise
Nearly 1 in 2 of supported companies are "non-photonics" companies from a broad range of industry sectors (e.g. Medical, Transport, Consumer Goods, Industrial Manufacturing, etc.) who are applying photonocs as a Key Enabling Technology in innovative products and applicationsPhotonics GeneralNon-Photonics
First time EU-funded innovation
Over 50% of companies have no previous experience in EU-funded projects before engaging with ACTPHASTNon first time EU-funded innovationFirst time EU-funded innovation
First time photonics innovation
One third of supported companies have no previous experience innovating in photonics before coming to ACTPHASTNon first time photonics innovationFirst time photonics innovation
Number of innovation requests per technology platform
ACTPHAST is supporting companies with product innovation across the full spectrum of different photonics technologies
Financial contributions towards overall costs of the innovation projectsThe average overall innovation project budget is 97k€. The average ACTPHAST subsidy towards an innovation project is 45k€.
European dimension of the innovation projects
ACTPHAST is currently supporting companies with photonics innovation across 18 different European member states.