Another interesting aside: under FP7 the EC committed to using 22% of the budget for SMEs. Currently it's only used 16% for this end, so if it wants to keep to its original commitment, it will have to up its percentage to 27%. So if you want European funding in the next few years, get in to bed with an SME - pronto.
One final point. Try googling FP8: nothing out there but Panasonic Lumix DMC-FP8. Not for much longer, I think...One of the camera's reviews says that the 'FP8' has a feature which is 'an uncomfortable annoyance,' and the manual provides 'not one word on how to proceed.' Any similarity with European funding is purely conincidental.