Businesses can now get EU funding and support for innovation projects that will help them develop and expand into other countries – in Europe and beyond.
The funding is available through the SME Instrument, part of the EU's Horizon 2020 programme.
The SME Instrument offers small and medium-sized businesses:
- funding for innovation projects in two phases
concept and feasibility assessment phase (phase 1);
- innovation project (phase 2);
- support services to help you make money from your innovation, including help accessing private financing–commercialisation (phase 3);
- coaching – to enhance the firm's innovation capacity and help align the project to strategic business needs.
To qualify for funding or other support, a project must fit one of the current bottom-up SME Instrument topics.