UE funds H2020 for SMART BIKING project
April 8th 2016
SMART BIKING project by VADECITY receives European funding H2020 SME for innovative businesses.
189 small and medium-sized enterprises (SMEs) from 26 countries have been selected for funding in the latest round of the Horizon2020 SME Instrument.
The European Commission received 1995 proposals under Phase 1 by 24 February 2016, the first cut-off date for this year. The 189 SMEs that will receive funds proposed 174 projects in total (multiple SMEs can be involved in one project). The total funding in this cut-off amounts to €8.7 million.
SMEs in the UK were particularly successful with 36 beneficiaries accepted for funding, followed by those in Spain (34) and Italy (25). Most of the projects funded are in the area of ICT, followed by transport and low-carbon energy systems.
Since the launch of the programme on 1 January 2014, 1473 SMEs have been selected under Phase 1 of the SME Instrument.
The SME instrument is implemented through one continuously open call with cut-offs four times a year.
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