The European Commission has selected 78 SMEs from 18 countries to each receive a grant of up to €2.5 million (€5 million for health projects) to finance innovation activities and the development of their business plans. The companies will also be entitled to benefit from up to 12 days of business coaching.
The Commission received 580 project proposals involving 785 SMEs by the first cut-off date of Horizon 2020’s SME Instrument programme Phase 2 (9 October 2014). Evaluation by independent experts showed that 132 of the proposals met the evaluation standard. 60 (45.45%) have been selected for funding.
UK companies have been particularly successful in this call, with 10 participants on track to receive over €17 million. They are closely followed by France, the Netherlands and Spain, which actually has the biggest number of single beneficiaries (12).
For a detailed breakdown of the number of beneficiaries in Phase 2 of the SME instrument per country, please see this table.
Participant Portal – lists of beneficiaries in Phase 2
Map of SME Instrument beneficiaries