STORY EXPERTISE TEAM WINS news clients contact The dedicated EU Horizon 2020 SME instrument supports close-to-market activities of small- to mid-size companies with the aim to give a strong boost to breakthrough innovation. Highly innovative SMEs with a clear commercial ambition and a potential for high growth and internationalisation are the prime target. Businesses eligible for funding have up to 250 employees with a maximum annual turnover of €50 million. The SME Instrument offers small and medium-sized businesses the following: Business innovation grants for feasibility assessment purposes (optional phase I): €50,000 (lump sum) per project (70% of total cost of the project); Business innovation grants for innovation development & demonstration purposes (possible phase II): an amount in the indicative range of €500,000 and €2,5 million (70% of total cost of the project as a general rule); Free-of-charge business coaching (optional) in order to support and enhance the firm’s innovation capacity and help align the project to strategic business needs; Access to a wide range of innovation support services and facilitated access to risk finance, to facilitate the commercial exploitation of the innovation. Horizon 2020 SME instrument has a structure of three phases, each phase covering a different stage of the innovation cycle. Phase 1: Concept & Feasibility Assessment The Phase 1 is a proof-of-concept study assessing the feasibility and market potential of innovative ideas. The EU provides a grant of €50,000 for a study of 6 months maximum. Phase 2: R&D, Demonstration and Market Replication Phase 2 supports R&I activities with a focus on commercial potential demonstrative activities such as scale-up, piloting, performance verification, and testing. Phase 2 funding covers up to 70 % of eligible project costs, from €0.5 up to €2.5 million, for a duration of 1 to 2 years. Phase 3: Commercialisation In the third phase, the SME receives support in polishing the project to a marketable product. The support is provided through services such as networking, training, and access to coaching and mentoring. The EU will not provide any additional direct funding in the third phase. The SME instrument has four deadlines per year. The upcoming submission deadlines are: For Phase 1 proposals: November 7, 2017 February 8, 2018 May 3, 2018 September 5, 2018 November 7, 2018 For Phase 2 proposals: October 18, 2017 January 10, 2018 March 14, 2018 May 23, 2018 October 10, 2018 Our Services Around the SME Instrument For Small and Medium-Sized Enterprises around Europe, we offer grant writing and consulting services to turn an innovative idea into an outstanding funding application for the SME instrument. Specific services around the SME instrument include: Our services are not provided on a no win-no fee basis. We have a strong belief that delivering high quality is only possible when services are valued and remunerated accordingly. However, we offer our clients flexible remuneration models with risk-sharing elements. Want to learn more? Get in touch with us today: Your Contact: Damian Borowski direct: +49 30 206 715 712 mobile: +49 17 01 97 20 63 e-mail: dborowski@lnegroup.com © 2021 LNE Group Imprint Privacy Policy