Very positive results for Horizon’s 2020 SME Instrument – first period
The European Commission announced the first results for Horizon’s 2020 SME Instrument (first period).
The first cut-off date was on June 18 and the results have surpassed expectations with 2.666 submitted proposals.
The call regarding ICT (Open Disruptive Innovation Scheme) attracted the most proposals (885), followed by Low-Carbon Energy Systems (372) and Nanotechnologies (305). The general expected success rate for applications in this cut-off date is of 6.2%.
Italy led the number of applications (436), with Spain as a close second (420), followed by the United Kingdom (232). Greek applications (80) were 8th among the 35 participant countries, thus proving once again the Greek innovative spirit.
The majority of SMEs applied individually, and most consortia were of two SMEs.
The European Commission plans to have evaluated the proposals by the end of July 2014.
VK Premium Business Consultants can help you submit your innovative project to Phase 1 and Phase 2 of the SME Instrument.