A total of 257 small and medium-sized companies form 31 countries have been selected for funding under the latest round of the SME Instrument. This is the first round of SMEs selected under the recently launched European Innovation Council (EIC) pilot in the so-called Phase 1 of the programme. The companies will receive a total amount of €12.65 million to share between their projects to get their innovations faster on the market.
Examples of the projects selected include solar street lights, a software that uses augmented reality to help industrial plants monitor their production chain, a diagnosis tool for sleep apnoea, an innovative mobile payment technology, a custom-made paint vending machine and a wrapping machine for sustainable packaging.
Source: ec.europa.eu
