Commission supports innovative SMEs with over €130 million in new grants
Brussels, 27 March 2015
387 innovative small and medium-sized enterprises (SMEs) are on track to receive a total of €130.6 million in new grants from Horizon 2020, the EU's research and innovation funding programme. These are the latest results of calls under the €3 billion SME Instrument, launched under Horizon 2020 to help innovative small firms get ideas from the lab to the market and help generate growth and jobs for Europe. This latest round, with the largest number of SMEs funded in any cut-off so far, brings the total number of companies funded by the SME Instrument so far to 827, with more than €255 million in EU grants.