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 £1.8 million
Opens: 1st Jan 1970
Closes: 13th Oct 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: innovation projects underpinned by a sound and strategic business plan (potentially elaborated and partially funded through phase 1 of the SME Instrument). Receive up to £1.8m (funding up to 70% of eligible costs, or in exceptional, specific cases up to 100%).
Activities funded in phase 2 can be of several types: prototyping, miniaturisation, scaling-up, design, performance verification, testing, demonstration, development of pilot lines, validation for market replication, including other activities aimed at bringing innovation to investment readiness and maturity for market take-up.