In August 2019, Plastic Repair System 2011 SL passed Phase II of the SME Instrument, of the EU H2020 research and innovation program under grant agreement No. 880032, with which it obtained a financing of 1.6 million euros.
PRS was one of the 94 companies selected out of 2,025 SMEs from across Europe that submitted to the call. The company had to defend its project in front of a panel of experts appointed by the European Commission, you want to value the PRS proposal from different points of view such as: added value, risks and opportunities, competition, business model, commercialization, marketing strategy and financial projection of the company.
This financing has been an important support for the development of different R&D projects that PRS had planned to promote, such as the automation of repairs, the improvement of processes or traceability, among others.