First 155 grant recipients SME instrument Horizon 2020 announced

Tuesday 23 September 2014

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The European Commission has published the list of 155 small and medium enterprises (SMEs) who was the first to benefit from the new SME instrument within Horizon 2020 (HORIZON). 155 companies from 21 different countries will each receive € 50,000 to finance feasibility studies for their projects. They can receive up to three days business coaching. Afterwards their projects may be eligible for up to € 2.5 million in additional financial support from the Commission.

Source: europa.eu
Source: europa.eu

The SME instrument is part of Horizon 2020, specific objective Innovation in SMEs (HORIZONIL3). Using the instrument, innovative small businesses are helped to bring innovative projects from the laboratory to the market.

The response in the first selection round was remarkable: from the countries participating in Horizon 2020 2662 proposals were submitted. After evaluation by independent experts found that 317 of these proposals met the standard. Eventually, 155 of these were selected for funding (see our post of July 24, 2014: "Support for 155 companies from SME instrument Horizon 2020").

The selected SMEs According to the Commission a good chance of success in the second phase of the program, where applicants can receive to finance such demonstration, testing, piloting, scale and innovation activities 2.5 million between € 500.00 and € miniaturization. In addition, the beneficiaries will also develop a business plan.

It is expected that in 2014 a total of about 645 projects have been supported. This number will increase to 670 in 2015. The call for proposals is open permanently. The following deadlines for assessment are September 24 and December 17, 2014 for Phase 1 and 9 October and 17 December 2014 for Phase 2.

For more information see also: http://europa.eu/rapid/press-release_IP-14-1015_nl.htm