Funding for innovative SMEs

Applications for the new SME funding scheme, called Horizon 2020 which provides grants to innovative SMEs is now open. It is targeted at all types of innovative SMEs demonstrating strong ambition to develop, grow and internationalise. Only SMEs will be allowed to apply for funding and support and single company support is possible.

Support is provided in three different stages covering the whole innovation cycle. A feasibility part will allow for an assessment of the technological and commercial potential of a project (proof of concept). Funding is provided in the form of a lump sum. A main grant will support an innovation project focusing on activities such as demonstration, testing, prototyping, pilot lines, scale-up studies, miniaturisation, design, performance verification etc. and market replication. The commercialisation phase is supported indirectly through facilitated access to debt and equity financial mechanisms as well as various other measures, for example IPR protection.

Successful completion of one stage will allow an SME to move onto the next; each stage is open to all SMEs. In addition, a coaching and mentoring scheme is provided exclusively to beneficiaries of the scheme in order to accelerate the impact from the funding provided, thus equipping the SME with the skills and capacities for innovation-driven growth.  The service will be provided by specially-recruited business practitioners and will be accessible through the Enterprise Europe Network.

For more detail please see:

ISME Webinar in collaboration with Inspiralia and Green Pathways: http://www.youtube.com/watch?v=WwTIeK2X-WM

SMEs in Horizon 2020- Factsheet http://ec.europa.eu/programmes/horizon2020/sites/horizon2020/files/Facsheet_SME_H2020.pdf 

Horizon 2020 Financial Information

RSI www.eif.org/what_we_do/guarantees/RSI/index.htm 

Horizon 2020 General portal http://ec.europa.eu/research/horizon2020/index_en.cfm?pg=home&video=none 


Erasmus for Young Entrepreneurs is a cross-border exchange programme which gives new or aspiring entrepreneurs (of businesses less than 3 years old) the opportunity to learn from experienced entrepreneurs running small businesses in other countries.