Horizon 2020 - Dedicated SME Instrument

Key features: There are three funding themes: 1) excellent science - improving Europe's science base 2) industrial leadership - helping Europe attract research and innovation investment 3) societal challenges

Programme: The SME instrument consists of three separate phases and a coaching and mentoring service for beneficiaries.

Award: Nearly €80 billion of funding available over seven years

Opens: Open now

Registration closes: no deadline

Closes: Year 2020

Support phone number: 01142 364457

Horizon 2020 is the biggest EU Research and Innovation programme ever with nearly €80 billion of funding available over 7 years. Horizon 2020 funds high-potential innovation through a dedicated SME instrument.
 
The goal is to ensure Europe produces world-class science, remove barriers to innovation and to make it easier for the public and private sectors to work together in delivering innovation.  This means that if you run a business or are an academic, brimming with innovative ideas, you can now take advantage of this funding.
 
There are 3 funding themes:
  • excellent science - improving Europe’s science base
  • industrial leadership - helping Europe attract research and innovation investment
  • societal challenges
The SME instrument consists of three separate phases and a coaching and mentoring service for beneficiaries.  Participants can apply to phase 1, with a view to applying to phase 2 at a later date, or directly to phase 2.
 
Phase 1 – Concept and feasibility assessment
  • A feasibility study will be developed verifying the technological, practical and economic viability of an innovation idea or concept.
  • The assessment will tackle; feasibility of concept, risk assessment, IP regime, partner search, design study, and pilot application. 
  • Funding will be provided as a lump sum of €50,000 and projects should last around six months.
Phase 2 – R&D, demonstration, market replication
  • If the innovation project addresses the specific challenges identified, and demonstrates high potential in terms of company competitiveness and growth, underpinned by a strategic business plan, the project will be supported.
  • This includes: Development, miniaturisation, prototyping, scaling up, testing, market replication, piloting and research.
    Proposals requesting a contribution from the EU of between EUR 0.5 and 2.5million would allow phase 2 to be addressed appropriately.  Projects should last between 12 and 24 months.
Phase 3 – Commercialisation
  • The commercialisation phase will be supported indirectly through simplified access to debt and equity financial instruments, as well as various other measures, for example on IP protection.
Any type of organisation can apply for Horizon 2020 funding including, businesses of all sizes, universities, charities, institutes, public bodies and healthcare providers. If you have an original idea that you would like to take further and wish to explore the route of Horizon 2020 funding we can help. Our specialists continually appraise the market to source the most appropriate funding available to meet your requirements. If you would like to learn more, call us today to speak to one of our consultants.