Innovation in SME΄s
The objective of Innovation in SME΄s is to optimise the research, development and innovation environment for SMEs, including through the establishment and facilitation of a range of support services, with the aim of strengthening the innovation capacity of SMEs and creating value on the market and/or into society, thus underpinning the Europe 2020 strategy for smart, inclusive and sustainable growth.
This objective also includes actions which provide indirect support to SMEs in the form of tailored services and projects (innovation management capacity building, IPR management, etc…), networking and mobilization actions for innovation service providers and policymakers (i.e. exchange of experience between national innovation agencies).
The SME instrument addresses the financing needs of internationally oriented SMEs, in implementing high-risk and high-potential innovation ideas. It aims at supporting projects with a European dimension that lead to radical changes in how business (product, processes, services, marketing etc.) is done. It launches companies into new markets, promote growth, and create high returns of investment. The SME instrument addresses all types of innovative SMEs so as to be able to promote growth champions in all sectors.
The application for financial grants can be submitteed exclusively by SME΄s. SME΄s are allowed to form agreements and supplier contracts in the area of research and innovations. The projects must meet following criteria : to be of an interest of SME΄s promotion, to have an European scope and to have a direct potential benefit for SME΄s.