293 SMEs from 30 countries have been selected in the latest round of under Phase 1 of the SME Instrument. For each project, the participants will receive €50,000 to finance feasibility studies. They can also request up to three days of business coaching.
For this phase, the Commission received 2,363 proposals by the third cut-off date of Phase 1 on 17 December 2014. 320 received an evaluation score above the application threshold and 259 or 81% have been selected for funding.
Together with the first two selection rounds earlier in 2014, Spanish SMEs have been particularly successful in Phase 1 with 129 beneficiaries in total accepted for funding, followed by firms from Italy (108) and the UK (81). Since the launch of the programme on 1st January 2014, 655 SMEs have been selected under Phase 1 of the SME Instrument and shared almost €30 million. Check the list of beneficiaries
Statistics (click on the image to enlarge)