SME Instrument Phase 1 - May 2018
On April 5 the European Innovative Council (EIC) pilot initiative published the results of the call that ended on May 3, 2018 of the SME Instrument of the Horizon 2020 program.
The list of Catalan companies awarded with 50,000 euros each is:
- Dindog Tech SL
- FOOT ANALYTICS, S.L.
- GlyCardial Diagnostics, S.L.
- INDUSTRIAL PROCESSES OUTSOURCING SERVICES, SL
- INGENIA-CAT S.L.
- Moirai Biodesign, S.L.
- Pangea Aerospace S.L
- Plataforma Civiciti, SL
- Senolytic Therapeutics SL
- B & J ADAPTACIONES SL
- STUDIO ITINERANTE ARQUITECTURA SL
- Sensing Solutions S.L.
- Quside Technologies S.L.
- TARSIO MEDICS S.L
- Sorbos MJV SL
- Kamleon Ventures S.L.
As a reminder, all small and medium-sized companies based in the EU or in countries associated with the Horizon 2020 program can be presented in Phase 1 of the SME Instrument.
They must have less than 250 workers and an annual turnover of no more than 50 million euros and an annual balance of no more than 43 million euros.
In this fund it is not necessary to be part of consortiums, the applicants can be presented individually.
Phase 1 finances the conception and evaluation of the viability of the business project (the transition from the idea to the concept). It's about supporting companies to take the step of the business idea in the concept.
The companies selected in phase 1 receive a maximum of 50,000 euros, in a single payment, per project, to carry out a technical and commercial feasibility study and a business plan. This phase lasts about 6 months.
Companies also receive a business coaching service (accompaniment) and mentoring (tutoring), to identify spaces, barriers to growth.
If after conducting the evaluation study, your conclusions recommend more funding to be able to market the innovative concept as it has the potential to be developed, you should request support for phase 2.
Participation in this phase it is optional, but it is recommended to be able to have more opportunities to receive financing, since the business idea of the SME is consolidated.
The next deadline for applications for phase 1 is September 5, 2018.
Source: EIC comission at Catalonia and Balearic Islands