A major novelty of the new EU Research and Innovation funding programme called Horizon 2020 is the introduction of a dedicated SME instrument, which builds on and learns from the success of the SBIR like instrument.
This SME instrument will address the financing needs of European SMEs in developing high-risk and high-potential innovation ideas. The SME instrument will target all types of innovative SMEs so as to be able to promote growth champions in all sectors.
The intervention logic of the SME instrument will be based on excellent business innovation plans. The scheme will support rather small projects (1 to 3 million euros), bottom-up, and a single company support will be possible.
Key data:
- Target group: Innovative SMEs
- Only SMEs allowed to apply for funding
- Single company support possible!
- Competitive, market-oriented, EU dimension
- Open calls
- Starting date: early 2014
SME Instrument Scheme:
Share on