WebSummit 2017 - SME Instrument and EEN help top tech companies grow

WebSummit 2017 - SME Instrument and EEN help top tech companies grow

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Manuel and Jose from SME Instrument and Enterprise Europe Network explain available opportunities for SMEs in 2018

More than 60.000 attendees from 160 countries joined together at the largest technology conference in the world - the WebSummit - last 6-9 November 2017 in Lisbon. So did the SME Instrument that has recently become part of the European Innovation Council (EIC) pilot. The EIC pilot offers a plethora of new opportunities for 2018 that will turn into concrete funding for SMEs through the SME Instrument and with the help of Enterprise Europe Network

The SME Instrument and Enterprise Europe  were accompanied by four of the most innovative SME instrument companies SignTime (Autria), Mosaicoon (Italy), Tagsonomy/Dive.Tv (Spain) and Worldsensing (Spain). All companies have received help from both the Network and the SME Instrument in their plans to grow. 

Sharique Hussein, CBO from Dive.tv, said: "We were very close to moving the company to the US, but the support of EIC SME Instrument and Enterprise Europe Network in Asturias (Spain), made it possible for us to stay in Europe, grow and develop from here worldwide".

In the next 2 years, the European Innovation Council will count with €2,7 billion of which €1,6 billion of them will be dedicated to the EIC SME Instrument to fund and accelerate 4.000 top European innovators. But support goes beyond funding: selected companies can get free business acceleration services that include business coaching, mentoring, matchmaking, exclusive access to investor meetings, brokerage events, pitching contests, trade fairs, and free training to prepare for these events. Manuel Mendigutia from SME Instrument and Jose Vicente Garcia from Enterprise Europe Network organised a workshop on future opportunities and how to apply

Andrea Bartoli, Innovation chief at Worldsensing, said: "EU support is great tool to boost business in Europe. We fully recommend the European Innovation Council programmes and the support of Enterprise Europe Network. Thanks to them, Worldsensing could connect with international experts, better define the technology roadmap through coaching experiences, identify new business opportunities and potential investors as well as show the company’s innovation outputs in international events such as the CEBIT and WebSummit. We are delighted to be part of this incredible initiative".






More information on the SME Instrument companies:

- SignTime (Austria) Austrian firm SignTime has developed an on-screen avatar that turns information into sign language using smart algorithms.

- Mosaicoon (Italy)Italy-based Mosaicoon has developed a platform that connects companies and video creators from around the world, allowing them to cut production time significantly.

- Tagsonomy (Spain)Spain-based Tagsonomy has developed Dive Tv, a ‘context discovery platform’ that helps audiences identify actors, locations and products in films and television programmes.

- Worldsensing (Spain) Through the clever use of sensors and a mobile app, Spanish firm Worldsensing has developed FastPrk, a smart-parking system that saves commuters time and patience.