1765 small businesses seek funding under the EIC SME Instrument
The largest number of proposals was presented by Spanish applicants with a total of 256
Instrumento EIC para Pyme
The European Commission received 1765 proposals for the European Innovation Council pilot’s SME Instrument Phase 2 before the latest cut-off date on 3 April 2019. SMEs from 35 countries submitted proposals.
The biggest number of proposals for this batch were submitted by Spanish applicants (256), followed closely by Italian (187) and Israeli applicants (138).
Since 2018, the SME Instrument is part of the European Innovation Council (EIC) pilot. A novelty under the EIC pilot is that applications are fully bottom-up. Therefore as there are no longer set topics, proposals are classified according to keywords introduced by applicants. The top keywords introduced were Health, ICT and engineering and technology.
In addition, applications are evaluated in two steps, a remote evaluation and a face-to-face interview with a Jury of business and innovation experts. These interviews will concern around 135 companies, approximately half of which will get the funding.
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