A total of 242 small and medium-sized enterprises (SMEs) from 30 countries have been selected for funding under the latest round of the EU’s SME Instrument programme (Phase 1). A total amount of €11.95 million will be shared out among the projects to help bring their innovations to market.
Examples of the projects selected include a sensory feedback system for phantom pains, a new technology for micro motors, a control system for e-bikes that extends battery autonomy, a distance communication system for drones, a valuation tool for start-ups based on artificial intelligence, an add-on solution for industrial robots to improve their accuracy and a new ecological packaging based on straw fibres.
The European Commission received 216 proposals under its Fast Track to Innovation programme by the latest cut-off date on 31 May 2018.
FTI promotes close-to-the-market innovation activities that is open to all types of participants. As there are no set topics, proposals are classified according to the keywords introduced by applicants. The top keywords introduced were engineering, health and energy. The proposals include participants from 31 countries, with the largest number of applications being submitted by coordinators from Spain, Italy and Germany. Most of the proposals have four participants.