EU Funding for SMEs
Monday, April 25th, 2016
A number of European programs have been set up to support SMEs by either providing funding to reach specific objectives or by providing an easier access to capital and markets.
We have selected some of the most prominent programs and schemes you can look at if you are interested in how to access EU funding for SMEs.
- The Horizon 2020’s SME Instrument is a funding program for SMEs in the Horizon2020 framework. It seeks to invest in and support companies with the best potential for innovation. With available funding for about € 3 billion over the period 2014-2020, the SME Instrument supports small and medium-sized firms to bring to the markets products, services or processes that could be competitive on a global scale.
- The EU Programme for the Competitiveness of Smalland Medium-sized Enterprises (COSME) does not provide direct funding but it is structured to make financial support more accessible to SMEs in any ophase of their business cycle.
- The European Investment Fund has also developed a new instrument to support SMEs: The SME Initiative. While it is currently accessible only in some Member States, the plan will likely expand to other countries. Similarly to COSME, this program is developed to make financial support more accessible to SMEs by covering parts of the risks of landing to small and medium-sized companies.
Other EU programs exist that are accessible to SMEs, mostly with an eye of regard to international collaboration and to the potential for innovation: The Fast Track to Innovation Pilot, Eurostars, InnovFin – EU Finance for Innovators.
SMEs interested in EU funding can also ask for more information at their national representation of the European Commission and at the local contact point of the European Enterprise Network.
Stay tuned in the week to know more about MobiliseSME and our research on how to support companies and employees joining in its mobility scheme.