LATEST SME INSTRUMENT RESULTS: €8.9 MILLION TO BE INVESTED IN 184 INNOVATIVE BUSINESSES

184 small and medium-sized enterprises (SMEs) from 28 countries will share funding of €8.9 million in the form of feasibility grants worth €50 000 per project in the latest round of the Horizon 2020 SME Instrument (Phase 1). In this first round of 2017, the European Commission received 2 111 proposals by the cut-off date of 15 February. The 184 SMEs selected for funding proposed 178 projects in total (multiple SMEs can be involved in one project).

The largest share of projects funded were in the area of ICT (36). They were closely followed by low-carbon and efficient energy systems (31) and transport (28).

Italian SMEs were particularly successful with 37 beneficiaries receiving funding, followed by firms from Spain (33) and the UK (16). Since the launch of the programme on 1 January 2014, 2 208 SMEs have been selected for funding under Phase 1 of the SME Instrument.

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