Latest results: European Commission to invest € 73 million in 50 innovative companies under the SME Instrument
date: 11/04/2016
Spanish SMEs were the most successful with 14 beneficiaries who will receive € 15.4 million in total, followed by 8 German SMEs who will share € 14.8 million. The total project costs amount to € 73 million. Most projects are in the field of ICT with 9 proposals funded, followed by 7 in the field of transport and 6 in both energy efficiency and sustainable food production.
Since the launch of the programme on 1st January 2014, 406 SMEs have been selected under Phase 2 of the SME Instrument.
This funding allows companies to invest in innovation activities such as demonstration, testing, piloting, scaling up and miniaturisation, in addition to developing a mature business plan for their product. The companies will also benefit from 12 days of business coaching. Most projects are proposed by a single SME but some companies team-up to elaborate a project.
The next cut-off for SME Instrument Phase 2 is 14 April 2016.
For more information
Lists of beneficiaries