SME Instrument

SME Instrument

1850 small businesses seek funding under the EIC SME Instrument

In this phase of the SME Instrument, each project will receive up to €2.5 million to finance innovation activities like demonstration, testing, piloting and scaling up. The companies will also benefit from 12 days of free business coaching and acceleration services.

The biggest number of proposals for this batch were submitted by Spanish applicants (276), followed closely by Italian (199) and British applicants (151).

The European Commission received 1850 proposals for the European Innovation Council pilot’s SME Instrument Phase 2 before the latest cut-off date on 10 October 2018. SMEs from 38 countries submitted proposals. Results will come out end of 2018.

EIC pilot-funded companies meet with Solvay in Brussels

On 16 October 2018, selected companies funded by the European Innovation Council pilot, gathered at the Solvay Campus in Brussels to pitch their ideas, network and discuss with Solvay managers, venture capital investors and representatives from other large corporates like L’Oréal and Safran.

One of the objectives of the Business Acceleration Services available to companies funded by the EIC pilot is to help bridge the gap between SMEs and big corporates. To this end, the EIC pilot and Solvay promoted a networking and pitching event bringing together 19 innovators working in the fields of advanced composites, material engineering and IT solutions.

18 companies to China International Industry Fair 2018 with EIC pilot

European pavilion at China International Industry fair 2018

China International Industry Fair officially opened last 19th September 2018. The 20th edition of CIIF 2018 comprised nine thematic shows under one roof welcoming more than 2,500 exhibiting companies and 160,000 attendees from 50+ countries.

Last week the European Innovation Council (EIC) pilot brought 18 cutting-edge companies working on environmental technologies and renewable energy to China International Industry Fair 2018, in Shanghai, China. The companies were promoted as part of the support services that small businesses get alongside their grant from the EIC's SME Instrument funding strand.

Billon and Monese make it to FinTech50 2018 Yearbook

Billon and Monese innovate for financial inclusion

Millions of people globally remain unbanked – that is, they don’t have access to useful and affordable financial products and services that meet their needs.

The FinTech50 yearbook recognises companies to watch in the emerging sector of financial technologies ranking them by innovation rather than revenue. From the 1800 companies that were considered two SME Instrument-funded companies Billon and Monese make it to the list of 50 hottest fintech companies in Europe. Both companies use blockchain technology to fight financial exclusion. Here’s how.

Microalgae: the future is green innovation


AlgaEnergy is a Spanish technology-based company, specialised in the field of microalgae biotechnology, which has been exploiting all of microalgae's commercial potential. Using an improved culturing and harvest process, it produces high quality microalgae biomass and derived products for a wide range of sectors such as human nutrition, feed, agriculture, biofuels, aquaculture and cosmetics.

Microalgae gives us - through photosynthesis - the oxygen we need to breathe. But they also have plenty of other benefits: they are a source of proteins, lipids, pigments, vitamins and carbohydrates with a wide range of product applications. European Innovaton Council pilot's SME Instrument-funded company, AlgaEnergy, is exploring microalgae’s wide potential. The company is collaborating with many industrial partners already. This year, the AlgaEnergy signed a commercial agreement with a fertilizer leader in Spain, to combine efforts on its products and other agricultural bio stimulants. The company also recently opened a subsidiary in Japan.

EIC Innovators’ Summit : what’s cooking?


Get inspired by our keynotes

The EIC Innovators’ Summit is approaching, have you registered yet? The event is on invitation only and the programme is all the more exclusive for small companies funded by the European Innovation Council (EIC) pilot! We have highlighted a few juicy slices of the programme for you to plan your event.

Open call: Creating a sustainable food future with EIC pilot and Sonae!

If you’re a company funded under the SME InstrumentFast Track to Innovation and FET-Open programmes, we invite you to join us and present sustainable approaches to the food retail sector to leading Portuguese company Sonae.

The European Innovation Council (EIC) pilot and Sonae are promoting a networking event for companies working on solutions for a sustainable future for the food business. The event will take place in Lisbon on 21 and 22 November. Applications are open until 30 August.

The European Innovation Council (EIC) pilot and Ferrovial invite you to present your company in Madrid

The event will take place at Impact Hub Gobernador in Madrid, Spain. It is open to companies working on sustainable approaches to urban mobility, user experience (airports and toll roads), energy efficiency and new technologies for the construction sector.

On 28 November, Ferrovial is hosting a networking event for companies funded under the EIC pilot. If your company is working on sustainable solutions aligned with Ferrovial’s business lines, you are welcome to apply until 7 September.

Innovative companies tackle challenges in sustainable construction and infrastructure

For the last decade, there have been many technological advancements that changed the way people communicate, travel and live. It's not only technology that's moving fast; also societal norms, the erosion of privacy lines, environmental problems and customer expectations pose a new set of challenges to infrastructure. These challenges are particularly demanding in urban environments. As more and more people flock to cities, it becomes necessary to rethink the way we plan, build, maintain and expand infrastructure in the future. 

Last 9 July, a networking event held at VINCI’s Leonard innovation hub in Paris brought together a selected number of companies funded under the European Innovation Council (EIC) pilot to showcase their projects and share their visions for the future of sustainable construction and infrastructure.

EIC pilot companies present their sustainable energy innovations to Enel

The event started with a tour of the Innovation Hub on Monday. On Tuesday, companies shared their visions on renewable energy technologies and met one-to-one with Enel representatives for in-depth discussions on potential partnerships and joint business opportunities.

On 25 and 26 June, selected companies funded by the European Innovation Council (EIC) pilot had the opportunity to present their vision for the future and cutting-edge innovations in the field of renewable energy at the Enel Innovation Hub&Lab in Catania.


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