SME Instrument update – Results for Phase 2 January 2017 cut-off date

EASME has selected 66 projects from 71 SMEs in 22 countries on the basis of proposals received under its SME Instrument Phase 2 cut-off in January 2017, the first round for Phase 2 projects in 2017. The projects were selected out of 1,534 proposals totally submitted.

Most projects will be in the field of ICT and transport (10 projects each) and low-carbon and energy efficient systems (9).

Most SMEs benefiting from this funding come from Spain (19), Germany and Ireland (5 for each country), which together account for 44% of the selected SMEs.

Projects selected from this cut-off will receive a total of EUR 103.82 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 innovation activities, such as demonstration, testing, piloting, scaling up and miniaturization, in addition to developing a mature business plan for their projects.

The next cut-off date for this type of funding is 6 April 2017.

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