58 innovative companies to receive funding under the Horizon 2020 SME Instrument
On 6 December 2016 the Commission announced that 58 small and medium-sized companies from 16 countries have been selected for funding in the latest round of the Horizon2020 SME Instrument Phase 2. In this phase of the instrument, each project will receive up to €2.5 million (€5 million for health projects) to finance innovation activities. The total amount to be distributed between the SMEs working on 51 projects is €80 million.
Spanish SMEs were the most successful with 13 companies selected for funding. They are followed by seven Italian SMEs and five companies from both Germany and Finland. Two Austrian SMEs were successful: Geoville Informationssysteme (Innsbruck) and Datenverarbeitung GmbH and Smaxtec Animal Care Sales GmbH (Graz). Most projects are in the field of transport with seven projects followed by six in the field of ICT.