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Over 1750 small businesses seek funding under the EIC SME Instrument

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The European Commission received 1752 proposals for the European Innovation Council pilot’s SME Instrument Phase 2 before the latest cut-off date on 9 January 2019. Small and medium-sized enterprises (SMEs) from 37 countries submitted proposals. Selected projects will be announced in early March 2019 at the latest.

In this phase of the SME Instrument, each project will receive up to €2.5 million to finance innovation activities like demonstration, testing, piloting and scaling up. The companies will also benefit from 12 days of free business coaching and acceleration services.

The biggest number of proposals for this batch were submitted by Spanish applicants (266), followed closely by Italian (182) and Israeli applicants (136).

Since 2018, the SME Instrument is part of the European Innovation Council (EIC) pilot. A novelty under the EIC pilot is that applications are fully bottom-up. Therefore as there are no longer set topics, proposals are classified according to keywords introduced by applicants. The top keywords introduced were Health, ICT and engineering and technology.

In addition, applications are evaluated in two steps, a remote evaluation and a face-to-face interview with a Jury of business and innovation experts. These interviews will concern around 135 companies, approximately half of which will get the funding. The interviews will happen in Brussels during the week of 11-15 February 2019. For more information read the tips for applicants.

Results are expected to be announced in early March 2019 at the latest.

Read the original article on the EASME website.

Corporates and investors to look out for at #EICSummit18

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The European Innovation Council (EIC) pilot is inviting the small companies it funds to Berlin on 10-11 September to meet investors and big corporate players. Further investors and corporates will be announced but here are the 10 first names not to be missed in Berlin!

The EIC Innovators Summit will bring together small companies, start-ups, innovators and researchers to meet and find potential partners. The two-day conference will be filled with pitches, workshops, networking and matchmaking opportunities.

From the corporate side the following names will be present:

MicrosoftIberdrolaSolvayFaureciaDOWAirbus

The following investors will also join the event:

Balderton,​ EQT VenturesOmnes CapitalGIMV

Registration and Invitees

The event is on invitation only so check out your mailbox; the event registration code is in your email invitation. The event is primarily designed for selected participants of the European Innovation Council (EIC) pilot programmes (SME InstrumentFast Track to Innovation and FET-OpenEIC Horizon Prizes), which will receive their invitations as a priority. Other invitees will be considered should there be additional spaces avilable. 

Interested in being considered for the guest list? Participate in one of our pitching contests in front of a Jury of investors and try and catch their attention with your idea! When registering you can apply to one of the pitching sessions: life science, medical devices, software, Industry 4.0, new materials, mobility, green energy, Food/Agritech. Places are limited so be sure to sell your case well!

For more information on the event, visit the event website, and follow #EICSummit18 on Twitter.

Read the full article on the EASME website.

European Innovation Council Fast Track to Innovation: 216 proposals seek funding

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The European Commission received 216 proposals for Fast Track to Innovation (FTI) before the latest cut-off date on 31 May 2018.

Fast Track to Innovation (FTI) is a fully-bottom-up measure that promotes close-to-the-market innovation activities that is open to all types of participants.
As there are no set topics, proposals are classified according to the keywords introduced by applicants. The top keywords introduced were engineering, health and energy.

The proposals include participants from 31 countries, the biggest number of application were submitted by project proposals coordinated in Spanish, Italian and German applicants. Most of the proposals have four participants.

The Fast Track to Innovation (FTI) is now central part of the European Innovation Council (EIC) pilot, targeting radically new, breakthrough products, services, processes or business models that open up new markets. FTI promotes close-to-the market innovation activities open to all types of participants. The programme offers € 3 million to consortia composed of 3 to 5 partners including mainly industrial participants.

The next cut-off date for FTI is 23 October 2018.

Read the original article on the EASME website.

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