European Commission invests €8.7 million in 189 innovative businesses
The European Commission has today selected 189 small and medium-sized enterprises (SMEs) from 26 countries for a total of €8.7 million of funding under the latest round of the Horizon 2020 SME Instrument. The funding – €50,000 per recipient – will finance feasibility studies for new products.
The SMEs can also ask for up to three days of free business coaching. Among the projects receiving funding are a technology to turn residue from the wheat milling process into biodegradable packaging, a robotic inspection and cleaning system for solar panels, a low energy technology to capture CO2 from gasses, and a cost-reducing train maintenance system for early detection of wheel defects.
Since the launch of the programme on 1 January 2014, 1473 SMEs have been selected under Phase 1 of the SME Instrument. The SME instrument is implemented through one continuously open call with cut-offs four times a year. The funding is €50,000 under Phase 1 and up to €2,5 million under Phase 2. The next cut-off for Phase 1 is 3 May 2016.
For more information, please visit the EC’s webpage.