Three Irish companies have been selected to receive development funding in the latest round of the EU’s Horizon 2020 SME Instrument (Phase 1).
The companies will receive €50,000 to finance feasibility studies and can also request up to three days of business coaching.
This brings to 25 the total number of Irish SMEs funded so far under the Instrument. A further five companies received Phase 2 support, receiving up to €2.5 million each.
The three successful projects were: ICT consultancy Aperilink; DiaNia Technologies which specialises in medical devices; and Iris Advanced Engineering, which provides monitoring solutions for the food and pharmaceutical industry.
A total of 1,569 proposals were submitted, of which 161 were selected for funding.
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