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What's new in the H2020 SME Instrument?


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BY : Diego GutiérrezFebruary Mon, 2018

We explain what the H2020 SME Instrument is, which companies it is aimed at and what is new for the 2018-2020 period. We also present some of the projects benefiting from phase 2 and the distribution of funds.

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What is the H2020 SME Instrument?

The H2020 SME Instrument is a business growth programme aimed at supporting European SMEs aiming to become international leaders in their niche markets.

This programme offers a grant, at 70% intensity, of €50,000 in phase 1 and up to €2.5M in phase 2, plus a business coaching service to all successful companies.

In the period 2014-2017, around 26,000 phase 1 and 13,000 phase 2 projects have been submitted to this programme, of which just over 2,100 phase 1 and nearly 700 phase 2 projects have been awarded grants. Spain is the country that has received the most funds under this programme, with €214.5M distributed between 443 phase 1 and 148 phase 2 projects, of the nearly €1,200M awarded so far (19.4% EU).

Para el periodo de 2018-2020, el Instrumento PYME de H2020 toma un nuevo rumbo y se integra en la acción piloto del Consejo Europeo de Innovación (EIC), con la intención de dirigir su soporte a aquellas pymes europeas que sean capaces de crear nuevos mercados a partir de sus innovaciones y ofrecer nuevas vías de valor a sus clientes. Para identificar estos proyectos, a la evaluación del Instrumento PYME en base a la memoria escrita se le añade, para la fase 2 únicamente, una entrevista presencial en Bruselas con la empresa.

 

New tools of the SME instrument 2018-2020

In view of these new developments in the SME Instrument, the CDTI has developed a set of tools ("SME instrument toolbox") that make it easier for companies to reflect on and fill in the new SME Instrument 2018-2020 templates more accurately.

Although specifically designed for an SME Instrument Phase 2, the results generated by these tools can be used by any company to analyse its market and competition and/or to understand and analyse the variables that condition its scalability.

You are at new tools offer the following functionalities:

Self-diagnosis of the value proposition

As the European Innovation Council now focuses on market-creating innovations, this will be a variable that will be very present in many of the evaluation criteria. This Excel-based tool allows to analyse the company's value proposition from a market and customer point of view, based on the parameters that define market-creating innovations according to blue ocean strategies.

What's new in the H2020 SME Instrument?

Market and competitor analysis

This Excel tool is intended to be a simple guide to the most relevant information that should be documented in the market part of the phase 2 proposals.

What's new in the H2020 SME Instrument?

Business and growth model generator

To access H2020's SME Instrument, which seeks to fund companies with scalable and sustainable long-term business models, companies have to explain their business model and growth expectations in their proposals.

This tool integrates several financial models in Excel that allow a projection of the profit and loss of the business in a simple way based on the variables that generate cash or cost.

 

What's new in the H2020 SME Instrument?

CORPORATE FINANCE EXPERTS

Beneficiaries of the H2020 SME Instrument Phase 2

The Spanish companies that have received the most funds in phase 2 of the H2020 SME Instrument are the following:

CompanyDescriptionCountryAmountDate
ZilicoZilico is focused on developing next-generation cancer diagnostics to provide real-time diagnosis of cervical cancer.United Kingdom$19M04.02.2018
Syndesi TherapeuticsSyndesi Therapeutics is developing molecules that uniquely modulate the synaptic vesicle protein SV2A, which plays a central role in synaptic transmission (communication between neurons in the brain).Belgium€17M01.02.2018
FIRE1FIRE1 focuses on developing new remote monitoring devices to improve quality of life and patient outcomes, and reduce healthcare costs.Ireland€40M30.01.2018
EnteromeEnterome Bioscience is a pharmaceutical company developing medicines for chronic medical conditions related to abnormalities in bacterial composition.France€40M04.01.2018
OculisOculis is a private, clinical-stage pharmaceutical development company focused on the development of new ophthalmic medicines.IcelandCHF20M04.01.2018

The distribution of these funds according to sectors of activity is shown below:

What's new in the H2020 SME Instrument?

Other posts that may interest you

H2020 SME Instrument

Beneficiaries of the CDTI programme "FEDER Innterconecta 2016".

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