Spinverse Senior Consultant Riikka Paasikivi has opened up the Horizon 2020 SME instrument in an article for the Finnish Kemia (Chemistry) magazine. The SME instrument is targeted at companies aiming for strong international growth and that bring to the markets new competitive products or solutions.
The article details the SME instrument, its use who is eligible to apply and what are the funding criteria. At a glance, the application process for Horizon 2020 funding may appear simple, however, the biggest challenge is that the instrument is very popular. In the autumn 2014 application round, only around 6 percent of phase 1 and under 15 percent of phase 2 applications were funded.
According to the article, during the first year of Horizon 2020 there have been over 300 successful Finnish applicants with grants amounting in total to almost 120 million euro. Two of such success cases are MetGen, pioneers in industrial enzymes, and Ductor, with a unique portfolio of proprietary and patented technology to improve waste management, energy and food production. Both of the companies used the services of Spinverse for making successful proposals.
Find out more about how Spinverse could help your company in applying for Horizon 2020 funding.
Read the article (in Finnish):