Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home » SME funding allocated to innovators across Europe

    SME funding allocated to innovators across Europe

    npsBy nps31 October 2018 Research & Technology No Comments2 Mins Read
    — Filed under: EU Funding EU News Headline2 SMEs
    Share
    Facebook Twitter LinkedIn Pinterest Email
    SME funding allocated to innovators across Europe

    Photo © Alexander Raths – Fotolia

    (BRUSSELS) – 246 smaller businesses (SMEs) from 24 countries were selected Monday for financial support from the EU’s SME Instrument – a funding mechanism under the EU’s Horizon 2020 research programme.

    Between them, the companies will receive a total amount of €12.2 million from the EU’s research and innovation programme, Horizon 2020, to get their innovations faster on the market.

    The projects selected include a water-injection system to reduce nitrogen oxide emissions from commercial vehicles, a decision-making tool for fully exploiting big bio-data, a digital platform for hands-on cybersecurity training, a novel cancer therapy targeting cancer networks and a technology that dissolves wood waste to extract raw materials.

    The companies will be supported in the so-called Phase 1 of the SME Instrument, which means that each project (244 in total) will receive €50.000 to draft a business plan. Several companies can team up to propose one project. The companies will also receive free coaching and business acceleration services.

    The majority of the companies selected for funding are in the field of information and communication technology (ICT), health and engineering. Most are based in Spain (33), Italy (28) and Switzerland (23).

    The European Commission received 2111 proposals for the 5 September cut-off. The next application deadline for SME Instrument Phase 1 is on 7 November 2019.

    The SME Instrument is part of the European Innovation Council (EIC) pilot that provides top-class innovators, entrepreneurs, small companies and scientists with funding opportunities and acceleration services. Companies can apply for two distinct phases under the SME Instrument, depending on the maturity of their innovation. Under Phase 1 of SME Instrument, each project will receive a lump-sum of €50 000 to carry out a feasibility study. Under Phase 2, each project will receive from €0.5 to €2.5 million to finance innovation activities such as demonstration, testing, piloting and scaling up. In addition, companies under both phases can benefit from free coaching and business acceleration services.

    SME Instrument

    List of beneficiaries

    Map of companies selected

    Add A Comment
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    Research - Image by Gerd Altmann from Pixabay

    Digital innovation and AI the focus for EUR 7.3 billion Horizon Europe investment

    Innovation - Image by Gregor Mima from Pixabay

    Brussels opens EUR 140m calls for AI projects to deploy key digital technologies

    AI generated - Image by T Hansen from Pixabay

    Researchers invited to shape Europe’s AI strategy

    Stéphane Séjourné - Photo © European Union 2025

    EU selects 47 strategic projects to secure access to raw materials

    AI generated - Image by T Hansen from Pixabay

    EU’s first artificial intelligence rules enter into force

    Research - Image by Gerd Altmann from Pixabay

    EU launches new biotech hub to support innovative companies

    LATEST EU NEWS
    Election vote - Photo © European Union 2025 - source EP

    EU strengthens rules on voting in European elections when abroad

    24 June 2025
    Sad dog - Photo by Design Wala on Unsplash

    MEPs propose stricter rules on dog and cat welfare

    24 June 2025
    The leaders of the EU and Canada have signed a landmark Security and Defence Partnership to strengthen Canada's contribution to Europe's defence architecture.

    EU and Canada sign security and defence partnership

    24 June 2025
    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Israel Iran ceasefire sees dollar dumped – Euro currency news daily

    24 June 2025
    Kaja Kallas - Photo - © European Union 2025

    EU, Germany, France and the UK urge restraint

    22 June 2025

    Subscribe to EUbusiness Week

    Get the latest EU news

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Terms
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025

    Design and developed by : 

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?