The SME Instrument is a scheme through the EU Horizon 2020 programme. The H2020 SME Instrument is specifically targeted at highly innovative, ambitious and passionate small or medium-sized business with global ambitions.
Programme: Horizon 2020
Award: up to £35k
Opens: 1st Jan 1970
Closes: 7th Sep 2016
SME Instrument and Horizon 2020 are looking for high growth, highly innovative SMEs with global ambitions that want to disrupt the established value networks and existing markets. Companies should be driven, actively investing in innovation, and looking to grow.
Funding is available for: exploring and assessing the technical feasibility and commercial potential of a breakthrough innovation that a company wants to exploit and commercialize. Receive up to €50,000 (£35,000) and up to 70% funded.
Activities funded could be: risk assessment, design or market studies, intellectual property exploration; the ultimate goal is to put a new product, service or process in the market, possibly through an innovative application of existing technologies, methodologies, or business processes.