The results of the last funding round of the year for the SME Instrument phase 1 and 2 have been released. Due to the large amount of proposals that were received, the competition has been fierce and only the most thorough and dedicated applications made the cut. Innovayt was successful in helping an impressive number of SMEs through the application process.
A total of 8 Phase 1 projects, as well as 7 Phase 2 projects have, with the help of Innovayt, been approved in these latest rounds. These projects have all been completed through the cooperation between our strong team of competent consultants and the project teams of the SMEs involved. The success rates for Innovayt in this round were 35% and 20% for phase 1 and phase 2, respectively. As comparison, the overall success rates of the SME Instrument were 9% and 4% for Phase 1 and Phase 2, respectively.
This round brings to conclusion an extremely satisfactory year for Innovayt and its SME Instrument activities. 41 Innovayt-supported projects (25 Phase 1 and 16 Phase 2) have been funded, which means that last year’s results in the SME Instrument were exceeded. We at Innovayt would like to congratulate all the projects that we have cooperated with on getting funded in this round. We look forward to continue these cooperations in 2019.
Happy New Year!