I’m once again involved in writing two Horizon 2020 proposals. One of them is for the “SME-instrument” where a single SME can apply
The SME-instrument offers support for the commercialisation of innovations that are fairly close to market. A phase-1 project is a feasibility study, where the EC will give a lump sum of EUR 50k to conduct a (commercial) feasibility study and come up with a detailed business plan. In phase-2 this business plan can be further developed through prototyping, operational validation etc. An SME does not have to do a phase-1 project but can directly apply for phase-2 if they have a detailed business plan. In phase-2, 70% of the eligible cost are funded by the EC—which is a pretty good deal.