The European Commission has selected 94 SMEs from 19 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 629 project proposals by the second cut-off date of Horizon 2020’s SME Instrument programme Phase 2 (17 December 2014). Evaluation by independent experts showed that 180 of the proposals met the evaluation standard.
74 or 41% of them have been selected for funding. UK companies have been particularly successful in this call, with 15 participants on track to receive over €14.5 million. They are closely followed by Spain, Germany, the Netherlands and France. Check the list of beneficiaries
Since the launch of the programme on 1st January 2014, 134 projects involving 172 SMEs have been selected for EU grants under Phase 2 of the SME Instrument, totalling more than €225 million.
Statistics (click on the image to enlarge)