The Executive Agency for Small and Medium-sized Enterprises (EASME) announced the results of the evaluation of proposals submitted before the first cut-off date of the SME Instrument - Phase 1.
In total 155 projects from 21 countries have been pre-selected for funding. They will receive €50,000 to finance a feasibility study and up to 3 days of mentoring.
Out of the 2 666 proposals submitted, 2602 were eligible and 317 got a score above the threshold.
When it comes to Open Disruptive Innovation (ODI) topic, 107 projects out of 886 proposals evaluated are above the threshold and 29 projects were pre-selected for funding. See enclosed the distribution per country. Countries with no proposal pre-selected are not shown in the graph.
The lessons learnt from this very first evaluation exercise could be useful for the future applicants. For example, most of the non-selected applications had a too low level of innovation or proposed just an idea without any concept for its commercialisation.
Applications can be submitted at any time but are evaluated between three to four times per year for 2014 - 2015. The next cut-off date for Phase 1 (Concept Feasibility) is on 24 September 2014 and the first cut-off date for Phase 2 (Demonstration and Prototyping) is on 09 October 2014.