DIAGNOSIS OVERVIEW The spirit of the SME instrument is to support innovative and excellent business opportunities. Its objective is to identify how the business opportunities presented could act on the proposed market and thus benefit the SME in terms of growth and employment. 1. BUSINESS OPPORTUNITY It is the economic, social, industrial, environmental, and so […]
Read moreEU DEFINITION OF AN SME AM I AN ENTREPRISE ? According to the definition, an enterprise is ‘any entity engaged in an economic activity, irrespective of its legal form’. An economic activity is usually seen as ‘the sale of products or services at a given price, on a giv- en/direct market’. The category of micro, […]
Read moreDisruptive innovation Technology whose application significantly affects the way a market or industry functions. Creates a new market and value network and eventually disrupts an existing market and value network, displacing established market leading firms, products, and alliances Results/effects have to be measurable
Read moreH2020’S SME INSTRUMENT– Objectives and approach The SME Instrument is an impact oriented approach that must be addressed in all sections at all stages of the project development. PURPOSES : Delivering strategic technologies that can drive competitiveness and growth. Looking for Europe’s next innovation leaders. H2020’S SME INSTRUMENT– FUNDING SCHEME The SME Instrument is an […]
Read moreFeasibility assessment (phase 1) – optional Funding is available for: Exploring and assessing the technical feasibility and commercial potential of a breakthrough innovation that a company wants to exploit and commercialize. Activities funded could be: risk assessment, design or market studies, intellectual property exploration; the ultimate goal is to put a new product, service or […]
Read moreInnovation project (phase 2) Funding is available for: innovation projects underpinned by a sound and strategic business plan (potentially elaborated and partially funded through phase 1 of the SME Instrument). Activities funded in phase 2 can be of several types: prototyping, miniaturisation, scaling-up, design, performance verification, testing, demonstration, development of pilot lines, validation for market […]
Read moreSME INSTRUMENT’S KEY WORDS IP and IPR IP is the product of the mind or research, it is a result, a valuable asset that can be traded. IP is a key asset of a project which brings outputs. IPR is about commercial usage of an IP. They were designed to encourage innovators with financial incentive […]
Read moreTECHNOLOGY READINESS LEVEL Technology readiness levels (TRL) are a method of estimation technology maturity of a program during the innovation process! TRL are based on a scale from 1 to 9 with 9 being the most mature technology! The use of TRL enables consistent, uniform discussions of technical maturity across different type of technology. TRL […]
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Read more01 Technical and market feasibility: assessment of technical feasibility and market potential of new ideas ▼ 02 Demonstration activities: developing, testing, prototyping, piloting, innovative processes, products and services ▼ 03 Commercialisation: support measures toward commercialising SME’s innovative products EVALUATION PROCESS OVERVIEW Receipt of proposal Individual evaluation Automated consensus Report Finalisation Eligibility check Allocation of proposals […]
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