The European Commission to invest €100 million to help 69 small businesses bring their innovations to the market. 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.
Two companies are from Poland:
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. Most projects are in the field of ICT (12 projects) and transport (10 projects) followed by 9 projects in the field of health.
The European Commission received 1 222 project proposals by 6 April 2017, the second cut-off date for Phase 2 in 2017. Since the launch of the programme on 1st January 2014, 710 SMEs have been selected for funding under Phase 2.
Funding under Phase 2 of the instrument allows companies to invest in innovation activities such as demonstration, testing, piloting, scaling up and miniaturisation, in addition to developing a mature business plan for their product. The companies will also benefit from 12 days of business coaching. Most projects are proposed by a single SME but some companies team-up to elaborate a project.
The next cut-off for SME Instrument Phase 2 is on 18 October.
Source: European Commission