The European Commission received 2009 proposals for SME Instrument Phase 1 before the latest cut-off date on 8 February 2018. This is the first cut-off date for Phase 1 under the European Innovation Council (EIC) pilot.
Under the first Phase of SME Instrument, small and medium-sized businesses that seek funding can receive a lump-sum funding of €50,000 to carry out a concept and feasibility study.
A novelty under the EIC pilot is that applications are fully bottom-up. Therefore as there are no longer set topics, proposals are classified according to the keywords introduced by applicants. The top keywords introduces were, ICT, engineering and technology and health.
SMEs from 44 countries submitted proposals. The biggest number of proposals were submitted by Italian applicants (319), followed closely by Spanish (298) and British applicants (118).
The next cut-off for EIC SME Instrument Phase 1 is on 3 May 2018.