The third phase of the Horizon2020 R&D fund has been published.
Running from 2018 through 2020 The programme provides billions of euros in support of R&D-performing companies, including SME’s.
The most popular intervention for SME’s is the “SME Instrument” where individual companies can apply for grant funding to drive product development and rapid business growth.
Participation by UK companies in all Horizon2020 projects is supported by the UK government for all bids and projects initiated before March 2019. See the announcement here.
The SME Instrument offers small and medium-sized businesses the following:
- Business innovation grants for feasibility assessment purposes (phase I):€50,000 per project (70% of total cost of the project);
- Business innovation grants for innovation development & demonstration purposes (phase II): between €500,000 and €2.5m (70% of total cost of the project);
- Free-of-charge business coaching (optional) in order to support and enhance the firm’s innovation capacity and help align the project to strategic business needs;
- Access to a wide range of other business acceleration services and facilitated access to risk finance, to facilitate the commercial exploitation of the innovation.
Dates for the upcoming competitions have been set, with assessment deadlines every four months starting in May 2018.