NEWS | ID Consortium >
European Innovation Council pilot to support 257 SMEs with €13 million
Spain is the country in which the European Union will support more SMEs: 45.
The EU will support 257 small and medium-sized companies (SMEs) from 31 countries who aim to get their innovations faster to the market. The companies have been selected in the latest round of the SME Instrument, which is part of the recently launched European Innovation Council (EIC) pilot. The funding of €12.65 million in total comes from Horizon 2020, the EU research and innovation programme.
Examples of the projects selected to receive EU funding include solar street lights, software that uses augmented reality to help industrial plants monitor their production chain, a diagnosis tool for sleep apnoea, an innovative mobile payment technology, a custom-made paint vending machine, and a wrapping machine for sustainable packaging.
In this phase of the SME Instrument (the so-called Phase 1), each project will receive €50 000 to draft a business plan. There are 253 projects in total as several companies can team up to propose one project. The companies will also get three days of free coaching and business acceleration services. Most companies selected for funding work in the field of health, engineering and information and communication technology (ICT). Most companies are based in Spain (45), Italy (28) and Israel (23). The European Commission received 2009 proposals for this first Phase 1 cut-off of the SME Instrument this year. The next application deadline for SME Instrument Phase 1 is in May 2018.
More news about this company:
Proyecto Women TechEU Anuncia Convocatoria Abierta para Financiación en 2024
El proyecto Women TechEU ha lanzado su Open Call #1, ofreciendo una oportunidad única para que empresas aseguren financiación y apoyo para sus proyectos relacionados con la tecnología.
CBE JU Hosts Info Day 2024 to guide potential project applicants
The Circular Bio-based Europe Joint Undertaking (CBE JU) is set to host its much-anticipated Info Day 2024, offering valuable insights into the upcoming call for project proposals and fostering networking opportunities among potential applicants.
CDTI Innovación lanza nueva convocatoria NEOTEC 2024 para startups tecnológicas innovadoras
La convocatoria Neotec 2024 está reforzada por el Plan de Recuperación, Transformación y Resiliencia financiado con los fondos NextGenerationEU del Mecanismo de Recuperación y Resiliencia de la Unión Europea.