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EU Funding to enter SME Instument Horizon 2020 Program

Mycorena has entered Phase 1 of the SME Instrument program, a program funded by the European Union under the Horizon 2020 framework.

H2020 SME Instrument Phase 1 Mycorena EIC Accelerator

SME Instrument is a EU-wide program directed towards propelling the best SMEs into entering the market with innovative products and services. Entering Phase 1 of the program awards winning companies with € 50 000 of funding and a business coaching program towards fast-tracking its product to the market. It also prepares companies for an application into Phase 2 of the program 6 months later, which awards € 2.5 Million as a grant and up to € 15 Million in equity investment.

The SME Phase 1 call had an acceptance rate of less than 5% of the applying companies, highlighting its selectivity into choosing only the best and most promising european companies.

As of next year, the SME Instrument will be called EIC Accelerator,

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