The revamped European Innovation Council (EIC) Accelerator is the flagship funding instrument under Horizon Europe for start-ups and SMEs with radically new ideas for rolling out marketable innovation solutions and breakthrough projects. Winning companies with ambitions to grow and scale up can receive up to 15 M€ in equity investments and 2.5 M€ in grants. Here are our tips to get ready for your application process in the application portal!
SSH Communications Security (SSH) has been delivering cybersecurity solutions to the global markets for almost 25 years. When they decided to apply for the highly competitive EU funding for their R&D operations, their consulting company of choice was Spinverse.
Customer success-story: MacroArray Diagnostics secured 2,5 M€ EU funding for an allergy diagnostics innovation project
Allergies and asthma affect at least a quarter of the population. While often harmless, an increasing number of people suffer from severe allergies, resulting in more than 300.000 avoidable deaths per year. The WHO therefore declared allergy a major health problem of the 21st century. Currently, medical practitioners must pre-select very few allergens for in-vitro testing, based on prior anamnesis, which often results in false or incomplete diagnosis. There is no cost-efficient technology to improve the quality of diagnosis to an optimal level for patient-tailored and evidence-based treatment. The fast-growing segment of molecular diagnostic tests requires a new generation of assays and laboratory automation.
EU Breakfast seminar: In just 1,5 hours, learn if your company could receive funding. At the same time you will learn how the SME instrument will change in the beginning of 2018 and how this will affect you. After the presentations, you have the possibility to discuss your potential for EU funding with experts and go through already existing project ideas.
SME Instrument has gained great first results, proving its worth in the European innovation ecosystem, stated European Commission's report "Accelerating Innovation in Europe". The SME Instrument is EU’s first research and innovation funding programme for high potential and high risk disruptive innovation in single SMEs. Part of Horizon 2020, the 80 B€ funding program is targeted for small and medium-sized businesses with high growth potential and global ambitions.
Spinverse is delighted to make known yet another customer success story: Finnish company IndoorAtlas secured Horizon2020 SME Instrument financing to scale-up and expand the disruptive geomagnetic indoor positioning technology delivered as a scalable cloud platform.
The latest success story: Using wind to save fuel in the global maritime industry. Finnish SME secures European funding
Shipping companies are actively looking for solutions to reduce fuel consumption and environmental emissions of vessels, particularly due to the recent fuel price instability as well as the forthcoming environmental regulations. Spinverse customer Norsepower is ready to address this challenge utilising new technology, advanced materials and leading-edge control system.
5 small and medium-sized companies (SMEs) from Finland have been selected in the latest round of Horizon2020 SME Instrument Phase 2. Each project receives up to € 2.5 million to finance innovation activities. Three out of five Finland’s winning cases in this cut-off secured funding with the help of Spinverse.
Disrupt or Be Disrupted: do you know what will reshape your industry?
More and more brilliant SMEs are set to strengthen European competitiveness with the support of Horizon 2020 SME Instrument programme, Spinverse is delighted to make known yet another customer success story: Finnish company TactoTek secured Horizon2020 SME Instrument financing to revolutionise the way we manufacture electronics for the benefit of the European automotive industry.
According to the recently published statistics from the European Commission, 50 innovative small and medium-sized enterprises (SMEs) from 14 countries have been selected in the latest round of Horizon2020 SME Instrument Phase 2. This time Spain stole the crown with 14 accepted projects, while Finland took fourth spot with 5, after Germany and France with 8 and 6 respectively.
On 6 July, EC published the first results of Horizon 2020 including the statistics of the first 100 calls that closed by 1 December 2014. 36 732 proposals were evaluated by 9 325 experts and about 3 200 projects have been awarded a total of €5.5 billion in EU funding. The overall success rate was about 14% (down from 20% for the whole FP7). France and Belgium had the highest success rates (about 17%). 38% of successful applicants were newcomers, which is a great improvement compared to 13% in the last year of FP7. 40% of newcomers were SMEs and this helped to meet the target of 20% for SME participation (up from 16% in FP7). The SME Instrument introduced in H2020 turned out to be very popular and 5% of the 20% EU financial contribution to SMEs ended up coming from SME Instrument. The popularity - 4 694 new applications - caused the success rate of SME Instrument to plummet down to 7.3%.
Sweden, Denmark and Finland were ranked as innovation leaders with respective ranks of first, second and fourth in the innovation scoreboard in the EU Framework Programme 7 (FP7) monitoring report.
Column in Kauppalehti by Pekka Koponen 6.10.2014, B18
The European Commission has announced the first results of its new SME Instrument, launched under Horizon 2020 to help innovative small- or medium-sized companies get their ideas to the market. Aurelia Turbines Oy is one of the Finnish SME’s to receive funding from a highly competitive field of innovative European companies from which funding was granted for fewer than 6% of the applicants. Spinverse Oy assisted Aurelia Turbines in selecting the most suitable funding instrument and helped to prepare the application.