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CORDIS

Peer Learning of Innovation Agencies for Services of Access to Finance for Innovative SMEs

Objective

Innovative SMEs are most likely to create new markets, achieve rapid growth, and help the economy recover. External
finance may be particularly important for innovative SMEs, as they usually lack the internal resources to successfully
commercialise innovations. However, innovative SMEs often find it the hardest to obtain finance because they tend to have
riskier business models, which are important to create new markets but are also difficult for banks to value. Innovative SMEs
are often more reliant on intangible assets, rather than physical property, but intangibles are difficult to value as they are
context specific, and thus hard to use as collateral for lending.
AccesSME project is dedicated to contribute tackling this issue. The objective of the project is to enable the participating
innovation agencies to cooperate in a tangible and cost-effective manner so as to improve existing or create new concepts,
methodologies and tools for SMEs on access to finance through mutual learning and exchange of good practices. The
project aims to cover three kinds of access to finance options:
1) Business to business (B2B) matching for partnerships and investments
2) Horizon 2020 SME Instrument
3) crowdfunding platforms.

Fields of science (EuroSciVoc)

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

CSA - Coordination and support action

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-INNOSUP-2016-2017

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Coordinator

VIESOJI ISTAIGA LIETUVOS INOVACIJU CENTRAS
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 50 000,00
Address
T. Sevcenkos 13
LT-03223 Vilnius
Lithuania

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Region
Lietuva Sostinės regionas Vilniaus apskritis
Activity type
Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 50 000,00

Participants (2)

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