65 SMEs to receive funding under SME Instrument Phase 2
A total of 65 small and medium-sized enterprises (SMEs) from 16 countries have been selected for funding under the latest round of the SME Instrument. Each project, 63 in total, will receive up to €2.5 million to finance innovation activities like demonstration, testing, piloting and scaling up. The total amount of this round is €113 million.
Most projects selected for funding are in the field of health, engineering, information and communication technology (ICT). The countries with the largest number of projects are Spain (12), Germany (10), and Norway (6). Three successful companies are located in Austria.
Examples of the projects selected include a sensory feedback system for phantom pains, a new technology for micro motors, a control system for e-bikes that extends battery autonomy, a distance communication system for drones, a valuation tool for start-ups based on artificial intelligence, an add-on solution for industrial robots to improve their accuracy, and new ecological packaging based on straw fibers.
The next application deadline for SME Instrument Phase 2 is 10 October 2018.
A list of beneficiaries can be found here.