Latest SME Instrument results now available
The European Commission has announced that 59 SMEs from 16 countries have been selected in the latest round of Horizon 2020 SME Instrument Phase 2. For each project, the participants will receive up to €2.5 million to finance innovation activities and the development of their business plans.
By the second cut-off date of 2015 on 17 June, Phase 2 had received 962 proposals. 357 received an evaluation score above the application threshold, and 44 or 12.3% have been selected for funding.
Spanish SMEs have once again been particularly successful with 11 beneficiaries, closely followed by firms from Italy, the United Kingdom, Germany and Denmark.
Since the launch of the SME Instrument on 1 January 2014, a total of 273 SMEs have been selected under Phase 2, receiving of total of more than €387 million of funding.
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