Fabian Demicoli

EU SMEs instrument gives grants to 155 small firms


The European
Commission presented the first results of its €3 billion SME Instrument that
was established under Horizon 2020. The aim of the instrument is to support
SMEs by giving grants to develop their innovation strategy, spread across three
phases.

The first phase covers the assessment of technical feasibility and
market potential of new ideas through an investment of E50000. Phase two covers
R&I activities with a particular focus on demonstration and market
replication activities. The last phase focuses on helping SMEs to bring their ideas
from the lab to the market. The European Commission selected 155 SMEs out of
2,666 applications that will receive a grant of €50000 for the first phase of
the instrument. Especially Spanish SMEs were successful in the first round with
39 selected proposals. The successful applicants will be notified by the
Executive Agency for SMEs (EASME) in August.

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