Catalysing European Innovation

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Presentation transcript:

Catalysing European Innovation The first two years of implementation of the SME Instrument Bernd Reichert European Agency for Small and Medium-sized Enterprises (EASME)

3 bn Euro programme until 2020 7500 SMEs to be supported

26.031 proposals received (2014-2016) 1879 projects € 695 M€ budget allocated 860 finalised (phase 1)

Currently around 60 days to inform about funding Always some delays for the last cut-off of the year

NACE codes: In terms of Industry sectors NACE code level 1 "Manufacturing" is by far the most represented (24%)

On 1 December 2015, Immunovia a Swedish SME in the life science sector went public on NASDAQ and gathered 6,4M€. In March 2015, the European “SME instrument” provided a grant of 4,2M€ for clinical validation of a serum protein biomarker signature for the early diagnosis of pancreatic cancer. "The SME instrument has been a decisive financial and confidence support to convince investors to subscribe to our share issue this year (2015) required to entry in the market in US and EU." Mats Grahn Immunovia, CEO

Feeling without touching Company founded in 2013, Bristol (UK) Jaguar Land Rover investigates ultrasound gesture controls in cars Grants and Funding:  March 2015: 1.5M€ Phase 2 grant November 2015: private A round of 10.1 M£ Website:  www.youtube.com/ channel/UCN1OKsIVyMxskq0apQA8Y1A www.ultrahaptics.com

183 jobs created in one year eVision, a Dutch SME that obtained a 2,3 M€ Phase 2 grant in 2015 for developing its flagship product: the eVision Predictive Vision Software. The aim is to decrease the likelihood of fatal accidents at work. The SME instrument grant helped them to grow double digit in the last months, and to create 183 high qualified jobs in Europe in less than 1 year.  

Thank you very much