38 SMEs from 13 countries have been selected in the latest round of Horizon2020 SME Instrument Phase 2. Each project, 33 in total, will receive up to €2.5 million (€5 million for health projects) to finance innovation activities like demonstration, testing, piloting, scaling up and miniaturisation, in addition to developing a mature business plan for their product.
The companies will also benefit from 12 days of business coaching. Most projects are proposed by a single SME, but some companies team up to elaborate a project.
The European Commission received 960 project proposals under Phase 2 by the third cut-off date for 2015 on 17 September. The success rate for this cut-off is 3.4%, amounting to total project costs of €55.3 million.
Italian SMEs were the most successful with 10 beneficiaries who will receive €12.7 million in total, closely followed by 9 Spanish SMEs who will share €13.5 million.
Since the launch of the programme on 1st January 2014, 311 SMEs have been selected under Phase 2 of the SME Instrument.
For more information:
Lists of beneficiaries in Phase 2
Twitter accounts @EU_H2020 and @H2020SME
Contact: RTD-RESEARCH-PRESS@ec.europa.eu
Source: EC Website
