142 SMEs from 23 countries have been selected in the latest round of Horizon 2020 SME Instrument Phase 1. For each project, the participants will receive €50,000 to finance feasibility studies. They can also request up to three days of business coaching.
The European Commission received 2,029 proposals under Phase 1 by the second cut-off date of 2015 on 17 June. 342 received an evaluation score above the application threshold and 128 or 37,4 % have been selected for funding.
Italian SMEs have been particularly successful with 35 beneficiaries accepted for funding, followed by firms from Spain (29) and the UK (22). Since the launch of the programme on 1st January 2014, 958 SMEs have been selected under Phase 1 of the SME Instrument.
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