New updates for SME Instrument Phase II are now available. We have summarized the most important information below.
Starting this summer, for the upcoming 9 October deadline, SME Instrument Phase 2 will offer an additional option to apply for. Currently, the grant consists of €2.5M. This summer, the additional option (blended finance) will combine the grant (€2.5M) with an equity investment from the European Commission (maximum €15M). This option is intended for early-stage and mature innovations for scale-up purposes. There is a total budget available of €100M for equity, within the 2019-2020 pilot phase.