Innovative companies will receive a total of €12.65 million to get their innovations faster on the market.
A total of 257 small and medium-sized companies from 31 countries have been selected for funding under the latest round of the SME Instrument. The companies will receive a total amount of €12.65 million to share between their projects to get their innovations faster on the market.
In this phase of the SME Instrument (the so-called Phase 1), each project will receive €50 000 to draft a business plan. There are 253 projects in total, as several companies can team up to propose one project. The companies will also get three days of free coaching and business acceleration services.
Most companies selected for funding work in the field of health, engineering and information and communication technology (ICT).
The European Commission has received 2009 proposals for the Phase 1 cut-off this year. Under Phase 2, each project will receive between €0.5 and €2.5 million to finance innovation activities such as demonstration, testing, piloting and scaling up.
The next application deadline for SME Instrument Phase 1 is on 3 May 2018.
List of beneficiaries.
Read one of our sucess stories here.
Increase your chances of getting EU grants - contact us.