The European Commission has published the results of the third SME Instrument call for phase 2 of 2018. A total of 65 small and medium-sized enterprises (SMEs) from 16 countries have been selected for funding, receiving a total of € 113 million to share between their projects to get their innovations faster on the market.
1,658 proposals were submitted out of which 130 proposals were selected for step 2 of the valuation process which in turn led to a total of 63 projects proposed for funding. Further details on the results can be viewed here.
With 2 approved projects out of 11 proposals submitted for this last phase 2 call, ZABALA reached a success rate of 18.2%, compared to 3.8% of the European average.
If you want your company to have the best chance of joining the most innovative and competitive European SMEs of the moment, do not hesitate to contact our experts. We will offer you all the advice you need, and we will help you strengthen your project to place it among Europe’s finest.
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About SME Instrument
The SME Instrument is part of the European Innovation Council (EIC) pilot that supports top-class innovators, entrepreneurs, small companies and scientists with funding opportunities and business acceleration services. Companies can apply for two distinct phases under the SME Instrument, depending on the maturity of their innovation. Under Phase 1 of SME Instrument, each project will receive a lump-sum of €50.000 to carry out a feasibility study. Under Phase 2, each project will receive from €0.5 to €2.5 million to finance innovation activities such as demonstration, testing, piloting and scaling up. In addition, companies under both phases can benefit from free coaching.