SME Instrument: 48.6 million euro to 45 innovative companies

February 18, 2016

Hat: SME Instrument: 48.6 million euro to 45 innovative companies

Funding Scheme: 2016-02-18

Pgm2014 2020: Yes

Amorce:

45 small and medium-sized enterprises (SMEs) from 19 countries have been selected in the latest round of Horizon2020 SME Instrument Phase 2.

Text:

Each project, 30 in total, will receive between €0.5 and €2.5 million (€5 million for health projects) to bring their product from pilot-phase to the market.

The European Commission received 1090 project proposals under Phase 2 by the fourth and last cut-off date for 2015 on 25 November. British SMEs were the most successful with seven beneficiaries, who will receive €10 million in total, closely followed by six Italian SMEs who will share €4.3 million.

Since the launch of the programme on 1 January 2014, 356 SMEs have been selected under Phase 2 of the SME Instrument.

This funding allows companies to invest in innovation activities such as demonstration, testing, scaling up and miniaturisation, in addition to developing a mature business plan for their product. The companies will also benefit from 12 days of business coaching. Most projects are proposed by a single SME but some companies team up in a project.

>>>Liste of beneficiaries

Url description: europa.eu/Horizon 2020

Url: https://ec.europa.eu/programmes/horizon2020/en/news/45-innovative-companies-receive-%E2%82%AC486-million-under-sme-instrument