Latest SME Instrument results: European Commission to invest €8.8 million in 184 innovative businesses

Date: 12/01/2017

189 small and medium-sized enterprises from 24 countries have been selected for funding in the latest round of the Horizon 2020 SME Instrument.

The funding is provided under Phase 1 of the instrument, which means that each project will receive € 50,000 to finance feasibility studies for new products that can disrupt the market. They can also ask for up to three days of free business coaching.

The 189 SMEs that will receive funds proposed 182 projects in total (multiple SMEs can be involved in one project). The SMEs will receive € 9.1 million in total for this cut-off.

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