INNOVA4EU signs a contract to help the European Commission to foster Innovation in European SMEs.

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Small and Medium-sized Enterprises that are EU-based or established in a country associated to Horizon 2020 can now get EU funding and support for breakthrough innovation projects with a market-creating potential under revamped SME instrument, which is rolled out as part of the European Innovation Council (EIC) pilot. The SME instrument will boost fast company growth and market-creating innovation thanks to staged funding and ramped up business acceleration services.

Provided with about € 1.6 billion in funding over the period 2018-2020, the SME Instrument will  support groundbreaking innovative ideas for products, services or processes that are ready to conquer global markets. Available to SMEs only, the new scheme offers phased, progressive and complementary support to the development of out-of-the-box ideas.

There are no predefined topics for the SME instrument call; only the most excellent and impactful ideas will receive support.

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