SME Instrument

H2020 SME Instrument:  161 Innovative SMEs funded



H2020 SME Instrument: 161 Innovative SMEs funded

161 companies from 23 countries have been selected in the latest round of Horizon 2020 SME Instrument Phase 1. For each project, the participants will receive €50,000 to finance feasibility studies. They can also request up to three days of business coaching. The European Commission received 1,569 proposals under Phase 1 by the first cut-off date of 2015 on 18 March. 251 received an evaluation score above the application threshold and 151 or 60.1% have been selected for funding. Spanish SMEs have again been particularly successful with 34 beneficiaries accepted for funding, followed by firms from Italy (25) and the UK (18). Since the launch of the programme on 1st January 2014, 816 SMEs have been selected under Phase 1 of the SME Instrument. More infos: link