SME Instrument Phase 2

SME Instrument is a grant provided by the European Commission under the European Innovation Council pilot. It is highly popular for several reasons: the amount that can be received (up to €2.5 million for a single company), the short administrative process (you can have the money in your bank account within only 4 months after applying), and easy implementation.

Seeing as SME Instrument is so popular, it also means it’s become extremely competitive. Due to this competitive element, winning an SME Instrument is a major seal of excellence for a company and their product, service or technology. Over the last 10 years, Catalyze has won many SME Instrument grants for our clients in life science, health, biotechnology and agro-food. With our support, you can make sure that you have the best possible chance of getting funded and attaining the prestige that comes with it.

SME Instrument Phase 2

The SME instrument Phase 2 helps you develop your business concept further into a market-ready product (licensing deal or co-development).

  • Subsidy: €500,000 – 2,500,000
  • Total budget: €480,466,200 (in 2019) and €522,861,300 (in 2020)
  • Funding rate: 70%
  • Deadlines: 3 April 2019 (full proposal), 5 June 2019 (full proposal), 9 October 2019 (full proposal), 8 January 2020 (full proposal), 18 March 2020 (full proposal), 19 May 2020 (full proposal), and 7 October 2020 (full proposal)
  • Project duration: 2 years

Who can apply?

SMEs from an EU Member States or Associated Country.

What is this funding for?

Activities include clinical trials, validation, prototyping, demonstration and testing in real-world conditions, scale-up and market replication. You can subcontract work essential for your innovation project.

What type of projects in the life sciences?

  • Clinical validation of a drug or medical device.
  • Further develop your platform technology
  • Assemble a manufacturing ready device and scale-up
  • Expand your product to a new market

Timelines: Evaluation ~4 weeks. Project start ~3 months after deadline.

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A must-have if you’re interested in getting your business to the next level