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Frequently Asked Questions to MIRC

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What is the definition of SME (small or medium size enterprise) used in FP7?

The key points are that an SME has:
Fewer than 250 employees.
  • An annual turnover less than 40 million Euro or an annual balance sheet less than 27 million Euro.
  • No more than 25% of its voting rights or capital is owned by one or more non-SMEs

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