The Horizon 2020's SME Instrument supports market-creating innovation in small and medium-sized businesses (SMEs) with significant growth potential and global ambitions. With more than 31,000 applications received and more than 2,000 small companies funded, in only three years the SME Instrument has proven its appeal for the European innovation ecosystem. First results are starting to kick in – and we are proud to present it all in our yearly Report.
The SME Instrument impact report aims to highlight the first insights into the growth trends of selected SMEs, their profile as well as the key features of the programme that have made its unique selling points. It contains cumulative data from 2014 to 2016.
Curious to learn about the concrete impacts of the programme? Here's a sneak preview of the report highlights.
Three years of programme, 31.000 applications, 2 457 SMEs supported and €882 million distributed in 36 countries. The SME Instrument has generated on average a 250% increase in turn-over and 122% in employment for funded companies. The programme celebrated two IPOs, €480.7 million of private investment leveraged and deployed 400 coaches to help the funded SMEs fine-tune their market strategy and make contacts. This is addition to getting companies ranked in lists of fast-growing companies, precious awards and plenty of innovative entries on the market. Although the business world moves fast, these results, observed only three years after the start of the SME Instrument, are just a glimpse of the future potential.
Find all SME Instrument projects in our data hub