EU funding for innovation
Horizon 2020 opportunities for SMEs
Horizon 2020 supports small and medium-sized business (SMEs) by providing direct financial support, as well as indirect support to increase their innovation capacity. 20 per cent of the programme's budget is allocated for SMEs.
Horizon 2020 SME instrument
Under the Horizon 2020 SME instrument, funding is available for innovation projects of:
- a single for-profit SME
- a consortium of for-profit SMEs
The SME instrument provides support across all areas of innovation, science and technology.
Qualifying for SME instrument support
To qualify for support under the SME instrument, businesses should have a good knowledge and experience in the markets they intend to operate in and projects that:
- have clear commercial ambition
- pursue breakthrough innovation
- have the potential to disrupt existing markets
- have the potential for high growth and internationalisation
To be eligible for support, your business should:
- meet the European Union (EU) definition of an SME - see what is an SME
- be legally established in one of the EU member states or in a country associated to Horizon 2020
Some parts of the Horizon 2020 programmes - including the SME instrument - target specifically SMEs so, to be eligible, you will need to declare your business as an SME in the participant register.
If you're unsure about your SME status, use the SME self-assessment questionnaire to determine if your organisation qualifies under the definition. For more information, download the revised user guide to the SME definition (PDF, 770K).
What support is available?
The SME instrument is a three-phased approach that supports close-to-market activities and can offer businesses:
- grants for feasibility assessment purposes
- grants for innovation development and demonstration purposes
- free business coaching to boost the company's innovation capacity
- access to a wide range of innovation support services
- facilitated access to risk finance to enable the commercial exploitation of the innovation
R&D funding for bioeconomy sector
Businesses looking to innovate and build new value chains in the bioeconomy sector can turn to Horizon 2020's SuperBIO programme for help with commercialising their R&D. The programme offers:
- free matchmaking to help you find the partners you need
- business creation services, such as business planning, IP and market research
- sustainable innovation services, such as proof of concept and scale up
Find out more about the SuperBIO programme or watch the video below to discover the opportunities this H2020 project can bring to your business.
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