GLOSSARY

A C D E F G H I M N R S T V W

H2020 SME Instrument

As part of the Horizon 2020 programme, the European Commission is selecting potentially disruptive businesses to invest in and support as part of the SME Instrument. SMEs with a strong growth potential and the ambition to become world-market leaders could receive up to €2.5 million in funding, and world-class business support and mentoring.

The instrument is structured in three phases, with the aim of transforming disruptive ideas into concrete, innovative solutions with a European and global impact.

PHASES

The instrument will take place in three phases, with the aim of transforming disruptive ideas into concrete, innovative solutions with a European and global impact. SMEs are recommended to apply for Phase 1, but may also apply for subsequent phases depending on the progress of their proposals.

Phase 1. Concept & Feasibility Assessment | Idea to concept (6 months)

The European Union will provide €50 000 in funding, and carry out a feasibility study to verify the viability of the proposed disruptive innovation or concept. The SME will draft an initial business proposal (around 10 pages).

Phase 2. Demonstration, Market Replication, R&D | Concept to Market-Maturity (1-2 years)

Assisted by the EU, the SME will further develop its proposal through innovation activities, such as demonstration, testing, piloting, scaling up, and miniaturisation. It will also draft a more developed business plan (around 30 pages). Proposals will be based on a business plan developed on phase 1 or otherwise. The EU aims to contribute between €0.5 million and €2.5 million.

Phase 3. Commercialisation | Prepare for Market Launch

SMEs will receive extensive support, training, mentorship and facilitating access to risk finance as the project is further polished into a marketable product. Additional support and networking opportunities will be provided by Enterprise Europe Network (EEN). The EU will not provide additional direct funding in this phase.