#TAG: New round of EU SME instrument

Monday 10 November 2014

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Souce: International-development.eu
Souce: International-development.eu

#TAG Until 17th December SMEs may resubmit innovations to the European Commission. This deadline applies to innovations that are still in the idea phase and for projects entering the development phase. The SME instrument (SME instrument) Horizon 2020 for companies with the ambition to grow. These are internationally oriented , innovative companies. The instrument supports the development of innovative solutions and exploring new markets. The SME instrument converts the European Commission (EC) within the pillars industrial leadership and societal challenges. The SME instrument consists of three phases:

• Phase 1 : Feasibility study Financing +/- € 50,000 Duration 6 months

• Phase 2: R & D / demonstration Funding € 1 to € 3 million , up 70 % Duration 12-24 months

• Phase 3 : Commercialisation (no subsidy)