Before the latest cut-off date on 23 May 2018, 1658 small businesses (from 38 different countries) presented their proposals to take part in the selection for the SME Instrument Phase 2. The biggest number of applications arrived by Spain (261), followed closely by Italy (187) and UK (126). The results of the selection will come out in July 2018, after an evaluation composed by steps: a remote evaluation and a face-to-face interview with a Jury of business and innovation experts.
That is the second phase of the SME instrument, which is part of the recently launched European Innovation Council (EIC) pilot. During that phase each project, if selected, will receive up to €2.5 million to support innovation plans.
For more information, see this link.