1OT receives €1,4 million grant for their Horizon 2020 SME Instrument Phase 2 project.

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Invent Baltics consultants supported Estonian company 1OT in preparing a successful SME Instrument Phase 2 project proposal.

The project with a total budget of €2 million will develop an IoT connectivity platform that allows IoT device makers to get global data coverage for all of their devices. The truly universal platform is able to serve more than 95% of IoT device makers that need wide-area coverage and reduce their data cost up to 50%. 

Horizon 2020 SME Instrument provides an excellent opportunity for small and medium sized companies to get financial support for product development and also for commercial uptake. Applying for Horizon 2020 SME Instrument should be considered if your company:

• has developed a novel technological solution with a superior value proposition
• has already contracted the first customers and believes there is strong market demand for the solution
• has tested and validated a prototype proving the benefits of the technology.

The next SME Instrument cut-off date for Phase 2 projects are 10.10.2018 and 09.01.2019. Invent Baltics OÜ provides initial consultancy regarding funding opportunities within the Horizon 2020 Research and Innovation programme free of charge.

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