69 SMEs selected for funding under SME instrument phase 2
69 small and medium-sized companies (SMEs) from 21 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 64 projects is €99.96 million. In this phase of the SME 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 15 companies selected for funding. They were followed by 10 companies from Italy and 5 projects from Sweden and Denmark. From Austria, 3 SMEs were successful. Most projects are in the field of ICT (12 projects) and transport (10 projects) followed by 9 projects in the field of health.