Horizon 2020 and the European Innovation Council pilot: a brand new dynamic for SMEs with breakthrough concepts
If analysis and growth actions usually are not translated into innovation, i.e. worth creation from novelty, SMEs can not take revenue from these actions. Nice concepts should be picked up by customers, prospects and the market, earlier than they’ll actually remodel society.
Total, it’s anticipated that 20% of the entire mixed finances for all Societal Challenges and the particular goal Management in Enabling and Industrial Applied sciences (LEITs) will go to SMEs. Which means over EUR 8 billion in EU help for Analysis and Innovation actions will discover its manner on to SMEs, most of them a part of consortiums collaborating in EU collaborative Analysis and Innovation initiatives.
In the direction of the tip of 2017, SMEs had acquired 4.13 billion in grant cash underneath the Horizon 2020 Societal Challenges and LEITs. With that, the 20% SME finances goal, set on the outset of the programme by the EU Council and Parliament, was exceeded by greater than 4 % factors.
As a part of the Horizon 2020 work programme 2018-2020, the EU piloted a European Innovation Council, which goals at producing market-creating innovation feeding into fast scale-up of European enterprises, particularly SMEs. This pilot has led to important modifications for the instrument that has been mainstreaming SME help to RDI-intensive SMEs to this point underneath Horizon, the…
EIC Accelerator Pilot
The devoted EIC Accelerator Pilot (former SME instrument with a brand new blended finance – grant and fairness – element) encourages for-profit corporations to place ahead their most modern concepts with an EU dimension that may’t discover financing in the marketplace due to their high-risk character. The SME instrument targets extremely modern SMEs exhibiting a powerful ambition to develop, develop and internationalise, no matter whether or not they’re high-tech and research-driven or non-research conducting, social or service corporations.
The Enhanced European Innovation Council pilot is focusing on much more than earlier than radically modern proposals from SMEs which have the potential to create totally novel items or companies and/or that may shake up our economic system and society for the higher through refreshing enterprise fashions or processes.
The EIC Accelerator Pilot addresses the financing hole in growing high-potential, however high-risk modern concepts of small corporations and bringing them nearer to the market. It responds to a extensively recognised EU-wide market failure which pertains to the market’s troublesome relationship with uncertainty and estimating the potential worth of recent applied sciences, new merchandise, new sources, new companies or new entrepreneurial capabilities.
With a finances of near €3 billion over the interval 2014-2020, the EIC Accelerator Pilot is taking innovation in SMEs to the following stage, by granting tailor-made help to SMEs which have ground-breaking concepts with a excessive market potential, paving the best way of the long run for the well-being of Europe’s economic system and society.
It’s anticipated that over 7500 corporations will have acquired innovation help by means of the instrument when Horizon 2020 attracts to an in depth; in 2014-2015, the EU invested over EUR 0.5 billion of Horizon 2020 finances to help innovation-driven SMEs underneath the SME instrument name; in 2016-2017, one other EUR 0.79 billion has been invested. Within the ultimate three years of Horizon 2020 (2018-2020), over EUR 1.6 billion is being invested by means of the EIC Accelerator Pilot.
The instrument is now absolutely bottom-up, that means that decision respondents do not need to fret about answering to particular matters; any high-risk high-potential modern proposal from an SME or consortium of SMEs – absolutely established within the EU or in Horizon 2020 related international locations – is eligible for funding, supplied according to Horizon 2020 ethics provisions.
Candidates that submit a proposal in response to the section 2 name – which was designed for serving to to develop a marketing strategy right into a marketable good or service, or a working enterprise mannequin or course of that’s extremely modern – will undergo a two-step analysis, the second step being an interview with a bunch of high-level consultants. Extra details about enterprise processes on the EASME web site.
Due to the Enhanced European Innovation Council pilot, all SMEs collaborating within the EIC Accelerator Pilot , the EIC Pathfinder (FET-Open and FET-Proactive) or Quick Monitor to Innovation initiatives can have the chance to utilize devoted enterprise acceleration companies and personalised teaching. Extra details about this additionally on the EASME web site.
Extra on SMEs in Horizon2020
The Horizon 2020 particular goal Innovation in SMEs additionally boosts the innovation capability of SMEs, together with by means of the Eurostars Joint Programme which can proceed to advertise transnational collaboration of R&D performing SMEs.
Final however not least, greater than EUR 1 billion underneath the Entry to Danger Finance finances underneath Horizon 2020 is flowing to SMEs and small midcaps. This help consists of:
- A debt facility offering loans, ensures and different types of debt finance to entities of all types and sizes, notably analysis and innovation-driven SMEs: InnovFin SME Assure. This facility has been bolstered hanks to the appearance of the European Fund for Strategic Investments in 2015. The ability has allowed to extend the portfolio of loans accessible for SMEs and small midcaps established throughout the EU and Horizon 2020 related international locations to be elevated by greater than EUR 10 billion since its launch in 2014.
- Fairness amenities offering finance for primarily early-stage investments, with a selected give attention to early-stage SMEs with the potential to hold out innovation and develop quickly: InnovFin Fairness.
Their goal is to help the achievement of the R&I goals of all sectors and coverage areas essential for tackling societal challenges, enhancing innovation and fostering sustainable progress. They’re applied through the European Funding Financial institution and the European Funding Fund and/or different monetary establishments of comparable stature.
Seek for funding alternatives associated to Innovation in SMEs, entry to danger finance Enhanced European Innovation Council (EIC) Pilot and the EIC Accelerator .