During May, the selected companies were announced to move to Phase II of the SME Instrument . Among the selected one of the projects presented by INBIOTIC-ESMEDAGRO . The development project of a novel bio-fungicide is framed in the topic of Food Security and Sustainability .
A total of 161 PYMES from 23 countries have been selected in Phase I. Each project receives an economic endowment of € 50,000 to develop the feasibility studies of the project and have three days of business coaching.
Of the 1569 proposals received in phase I on March 18, 2015, only 151 have been selected to move to phase II. The country with the most representatives is Spain with 34, followed by Italy with 25 and the United Kingdom 18.
Beneficiaries by countries
On the other hand, the Center for Industrial Technological Development (CDTI) presented last week the results of projects approved in its last Board of Directors. € 50 million in 81 business R & D & i projects. In total these projects generate 793 jobs, mostly highly qualified.
Of the 81 projects in which 84 companies participate, 65.5% are SMEs, of which 34.5% belong to high technology sectors and receive CDTI funding for the first time.
Among the 62 individual R & D projects approved there are two projects presented by INBIOTIC-ESMEDAGRO , with a total budget of 941 thousand euros. These have a non-refundable Tranche of 20% and 85% CDTI financing.