The companies will receive a total amount of €113 million to share between their projects to get their innovations faster on the market.
Examples of the projects selected include a sensory feedback system for phantom pains, a new technology for micro motors, a control system for e-bikes that extends battery autonomy, a distance communication system for drones, a valuation tool for start-ups based on artificial intelligence, an add-on solution for industrial robots to improve their accuracy and a new ecological packaging based on straw fibers.
The companies will be supported in the so-called Phase 2 of the SMI Instrument, which means that each project, 63 in total, will receive up to €2.5 million to finance innovation activities like demonstration, testing, piloting and scaling up. The companies will also benefit from 12 days of free business coaching and acceleration services.
The SME Instrument can be an exceptional opportunity for Brussels SMEs but is very competitive. Calls are continuously open with quarterly cut-off dates for evaluation.
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