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SME Instrument update – Results for Phase 2 October 2016 cutoff date

EASME has selected 51 projects from 58 SMEs in 16 countries on the basis of proposals received in Phase 2 cut-off in October 2016, the last round for Phase 2 during 2016. Projects selected from this cut-off will receive a total of EUR 80 million and each project will receive up to EUR 2.5 million (EUR 5 million for health projects). The funding will assist SMEs to invest in innovation activities, such as demonstration, testing, piloting, scaling up and miniaturisation, in addition to developing a mature business plan for their product. The projects were selected from 1378 proposals.

Most projects will be in the field of transport (7) and ICT (6).

Most SMEs benefitting from this funding come from Spain (13), Italy (7), Germany and Finland (5), which together account for 49% of the selected SMEs.

The next cut-off date for this type of funding is 18 January 2017.

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