71 innovative companies funded under lastest round of Horizon 2020 SME Instrument
71 small and medium-sized companies (SMEs) from 22 countries have been selected for funding in the latest round of the Horizon 2020 SME Instrument Phase 2. The total amount to be distributed between the SMEs working on 66 projects is €103.82 million. In this phase of the instrument, each project will receive up to €2.5 million (€5 million for health projects) to finance innovation activities.
Spanish SMEs were the most successful with 19 companies selected for funding. They were followed by five companies from both Germany and Ireland. Most projects are in the field of ICT and transport (10 projects each) followed by nine projects in the field of low-carbon and energy efficient systems.