Another 199 SMEs from 25 countries, involved in 178 new projects, have been selected following the latest cut-off date for Phase 1 of the SME Instrument. For each project, the participants will receive €50,000 to finance feasibility studies. They can also request up to three days of business coaching.
For this phase, the Commission received 1,944 proposals by the second cut-off date of Phase 1 on 24 September 2014. 237 received an evaluation score above the application threshold and 75% have been selected for funding.
Together with the first selection round earlier this year, Spanish SMEs have been particularly successful in Phase 1 with 71 beneficiaries in total accepted for funding, followed by firms from Italy (58) and the UK (46).
Since the launch of the programme on 1st January 2014, 333 projects involving 361 SMEs have been selected for EU grants under Phase 1 of the SME Instrument, totalling €16.7 million. Together with Phase 2 funding, this amounts to almost €125 million so far from the SME Instrument which is on track to support innovative companies.
For a detailed breakdown of the number of beneficiaries in Phase 1 of the SME instrument per country, please see this table.
Participant Portal – lists of beneficiaries in Phase 1
Map of SME Instrument beneficiaries