Representation in United Kingdom

17 UK SMEs awarded €50,000 of EU funding to bring innovations to market

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SME Funding

Some 17 UK small and medium-sized enterprises (SMEs) have been selected for €50,000 of EU funding to help get their innovations to market faster under the latest round of the European Innovation Council SME Instrument. The companies will also get free coaching and business acceleration services.

11/04/2019

Examples of projects selected for funding include:

- a cost-effective, ultra-compact MRI-guided therapy system for diagnosis and immediate treatment of Parkinson's Disease;

- a three-dimensional optoacoustic imaging for safe breast cancer screening;

- PnuBioVax™ the next-generation vaccine for a personalised and effective immune response against Streptococcus pneumoniae;

- a digital non-contact measurement system for the structural monitoring of large structures and geotechnical

engineering projects to check for degrading;

- a next generation telecommunication platform based on a nano-satellites constellation to mention a few.

In total, 277 SMEs were selected from 25 EU member states for a share of the €13.7m of funding.  The UK has the seventh highest number of beneficiaries.

Map of companies selected


Background

The SME Instrument is part of the European Innovation Council (EIC) pilot which supports top-class innovators, entrepreneurs, small companies and scientists with funding opportunities and acceleration services.

Launched  on the 18 March 2019 from 5 June the EIC SME instrument will be renamed the EIC Accelerator Pilot and will feature the possibility of applying for grant or grant and equity funding.