In Innovation

The European Court of Auditors – ECA – published the special report dedicated to SME Instrument and confirmed that it is  an effective and innovative programme facing relevant challenges.

With €3 billion for 2014-2020, the EU’s SME instrument strives to support innovation in SMEs and start-ups by filling the gap in funding and increasing commercialisation of research results.

Overall, the report concluded that the instrument provides effective assistance to SMEs in developing their innovation projects and that having the EU branding helps companies to attract additional investment. The Commission competently manages the instrument.

However, the Court recommends improving the targeting of beneficiaries, the geographical outreach and the selection of projects.

Also, more can be done to attract additional funding that would help bring innovation projects to market.

As the SME Instrument has been redesigned for 2021-2027 as part of the European Innovation Council (EIC), in the report, ECA makes recommendations in particular for preserving aspects of its design, improving project selection, enhancing business acceleration services and creating synergies with other financial instruments.

The all report is available online 

Nieuws in de categorie Bekijk al het nieuws

Novelties in EIC work programme 2020: Increase in funding for game-changing green innovation and woman-led companies

A significant increase to the European Innovation Council (EIC) Pilot budget is expected to be adopted by the European Commission in March 2020, to support game-changing, market-creating innovation and deep-tech SMEs to scale-up, paving the ground for the launch of a ‘fully-fledged’ programme in Horizon Europe (2021 – 2027).

Latest calls from the EIT Raw materials

Four calls are open for different TRLs thus for starters till more experienced start-ups with innovative circular business models/technologies linked to minerals and materials.   

European Digital Innovation Hubs

As part of the Digital Europe Program, the European Commission, together with the Member States, plans on setting up a network of European Digital Innovation Hubs (EDIH) in order to support the private and public sectors in their digital transformation and to disseminate the latest advances in cybersecurity, AI and HPC. Are you eligible? The […]

Gerelateerd nieuws Bekijk al het nieuws

Novelties in EIC work programme 2020: Increase in funding for game-changing green innovation and woman-led companies

A significant increase to the European Innovation Council (EIC) Pilot budget is expected to be adopted by the European Commission in March 2020, to support game-changing, market-creating innovation and deep-tech SMEs to scale-up, paving the ground for the launch of a ‘fully-fledged’ programme in Horizon Europe (2021 – 2027).

TERUGKIJKEND OP 2019: HET BEGIN VAN HET OPTIMISME VOOR DE KMO’s

Kleine ondernemingen met internationale ambities blijven voorzichtig optimistisch over hun groei op korte termijn. Terwijl het optimisme over de omzet, het marktaandeel en de werkgelegenheid in het komende jaar licht daalde ten opzichte van 2018, bleven zij grotendeels in overeenstemming met de cijfers van de afgelopen twee jaar. Enterprise Europe Network gebruikte enquêtegegevens van bedrijven […]

The SME Instrument becomes the EIC Accelerator, offering optional equity investment in addition to a grant

From the 6 June 2019 innovative companies can apply for a grant of up to 17.5 million in combined grant and equity financing to scale-up quickly and effectively. The grants available will be between € 0.5 and 2.5 million and equity investment can amount up to €15 million. The aim is to increase support for […]

Start typing and press Enter to search