PUBLIC FUNDING FOR INNOVATIVE SMEs

 

The chances are, you have heard that the European Commission provides funding for research projects, but did you know they also have funding specifically to support Startups and SMEs?

The SME instrument provides up to 2.5m euros in grant funding to support SMEs to bring innovative products to the market.

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If your company is developing an innovative, market creating, disruptive technology that offers to create significant growth and jobs, then you would be a good candidate to apply.

At Inveniam, we help companies analyze if they have a good chance of winning before starting the application, and then help them throughout the process to develop the project and win the financing.

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SME INSTRUMENT 2018-2020

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• Financing Instrument of the EU Commission dedicated to SMEs. 2 phases:

  • Phase 1 for validating feasibility of technology (50,000€)

  • Phase 2 for product development, demonstration, bring innovation to the market (grant of up to 2,5 € million; funding maximum 87,5% of direct project costs)

• 4 deadlines a year – proposal can be submitted an unlimited number of times.

• Open to any SMEs (bottom up)

• Technology must be at TRL 6 or equivalent for P2 (close to market)

• Technology must have the potential to solve a pan European problem

• Technology should offer to disrupt the market or create a new market

• Company should be looking for high growth as a result of the project

• Company strategy to rapidly scale up innovation across several markets

 

INVENIAM RESULTS 2016-2017

 

• 18 SME Phase 1s

• 11 SME Phase 2s

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Over 15m raised from Food, ICT, Security, Transport, EcoInnovation, ICT4Health, Energy, and Blue Growth topics

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Average SME Instrument Success Rate: 5%

Inveniam Success Rate: 48%

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OurCrowd Portfolio companies discount – 10% off fees

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