1. European Innovation Council Pilot (EIC)
SME Instrument

2. Comprehensive Scheme European Innovation Council Pilot
€ 3 billion in funding over the period
Soft Blending
Phase-2
SME-Instrument
Phase-1
SME-Instrument
Fast Track to Innovation
FTI
FET OPEN
Future Emerging Technologies
Innovative
Idea
Test &
Co-create
Feasibility
Start-up
Development
Scale-up Investment
EIC Horizon Prizes:
Awarded to the most innovative solutions to societal challenges

3. Smart Money SME Instrument Equity Free Funding World-Class Coaching
Business Acceleration Services
Phase-1 – € for feasibility assessment
Phase-2 – 0.5 to 2.5€ million for innovation development & demonstration
Business coaching of up to 12 days
Support innovation capacity and strategic needs
Networking with top- level investors and partners
Support to product launch on International markets

4. Targeting Game Changers
SME Instrument
Targeting Game Changers
Companies we are looking for
Using three identification criteria
Implementation
Highly innovative SMEs with ground-breaking concepts
Team's capability and motivation to bring the innovation to the market
Impact
Solid business model and commercialisation strategy Sound financial planning
Capacity to shape new markets or disrupting existing ones
Excellence
Potential to create new market or significantly impact existing ones
Right timing (i.e. feasibility)
High-growth potential with European and global ambitions

5. Connecting Businesses
SME Instrument
Adapted to the Market
Open Call
Fast & Easy
High Risk
Across the Board
Market-Oriented
Selection
Connecting Businesses

6. Adapted to the Market SME Instrument
Open Call
Fast & Easy
Open call with 8 evaluation round per year
Funding in 3 months for Phase-1 and 6 months for Phase-2

7. Submission of proposals
SME Instrument – Evaluation
Changes introduced by the EIC WP
Submission of proposals
Fully bottom-up approach
Phase 1 & 2
Revised weighting of award criteria
Revised threshold
Phase 1 & 2
Remote Evaluation
Phase 2
Highest-scoring proposals invited to interview (twice the budget available)
Ranking of Proposals
Phase 2
Interview
Face-to-Face Interview in Brussels
Phase 2
Grant Agreement

8. Adapted to the Market SME Instrument
High Risk
High-risk, high potential innovation
Creating new markets or revolutionising existing ones

9. Adapted to the Market SME Instrument
Across the Board
Innovation from all sectors of the economy or topics

10. Adapted to the Market SME Instrument Simple submission procedure
Market-Oriented
Selection
Simple submission procedure
Selection based on excellence, impact & implementation

11. Connecting Businesses
SME Instrument
Adapted to the Market
Connecting Businesses
Wide community of beneficiaries
Networking opportunities with investors & partners

12. Tangible Results SME Instrument
SME Instrument-funded companies outperform industry average investment in various sectors
6.7
6.1
5.5
5.7
Attracted investment in € million
5.4
5.5
5.2
Average investment SMEI
3.8
4.0
3.5
3.2
3.4
3.2
3.0
Average investment in the industry
2.3
2.4
2.4
2.1
Home
Robotics
Analytics
Marketing
Developer tools
Publisher tools
Construction
Directory
Sports

13. Tangible Results 2954 1 667 1.4 1.2 12 694 6 SME Instrument
Companies in our portfolio
€ billion private funding attracted for 694 mln paid
2954 1
Phase-2 projects financed
€ private capital matched for every Euro of SMEI funding
667
1.4
€ billion committed
Acquisitions among beneficiaries in 2017
1.2 12
€ million paid out
694 6
IPOs among beneficiaries in 2017

14. Results in Lithuania € SME Instrument 21 Participants
5 € Million Allocated €
25 Projects Coordinated