EC selects 129 projects in latest round of SME Instrument
The European Commission has selected 129 small and medium-sized enterprises (SMEs) from 25 countries for funding in the latest round of the Horizon 2020 SME Instrument. A total of 2,165 proposals had been received by the latest cut-off date of 3 May 2017. The 129 SMEs selected for funding proposed 128 projects in total (multiple SMEs can be involved in one project).
The funding to the total amount of € 6.4 million is provided under Phase 1 of the instrument, which means that each project will receive €50,000 to finance a feasibility study for innovative products that can disrupt the market. Companies applying also receive business support services and up to three days of free business coaching.
Most of the projects funded were in the area of ICT (30), followed by transport (24) and low-carbon and efficient energy systems (15). Italian SMEs were particularly successful with 23 beneficiaries accepted for funding, followed by firms from Spain (19) and France (10). Austria has 3 beneficiaries in this round. Since the launch of the programme on 1 January 2014, 2,331 SMEs have been selected under Phase 1 of the SME Instrument, 49 of which are from Austria.
The next cut-off for Phase 1 is 6 September 2017.
For more information:TOP