Latest results: Commission invests €70.5 million for innovative SMEs under Horizon 2020 SME Instrument

Latest results: Commission invests €70.5 million for innovative SMEs under Horizon 2020 SME Instrument

07/09/2015 - 12:46
59 SMEs from 16 countries have been selected in the latest round of Horizon 2020 SME Instrument Phase 2. For each project, the participants will receive up to €2.5 million to finance innovation activities and the development of their business plans.
Horizon 2020 SME Instrument Phase 2

The companies will also be entitled to benefit from up to 12 days of business coaching.

The European Commission received 962 proposals under Phase 2 by the second cut-off date of 2015 on 17 June. 357 received an evaluation score above the application threshold and 44 or 12.3%, amounting to total project costs of €93.7 million, have been selected for funding.

Spanish SMEs have once again been particularly successful with 11 beneficiaries on track to receive €15 million, closely followed by firms from Italy, the United Kingdom, Germany and Denmark.

Since the launch of the programme on 1 January 2014, 273 SMEs have been selected under Phase 2 of the SME Instrument sharing more than €387 million.

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