Irish SMEs among winners in Commission Programme
Posted: 3 June, 2018
Two Irish companies are among a total of 242 small and medium-sized enterprises (SMEs) from 30 countries who have been selected for funding under the latest round of the SME Instrument. The companies will receive a share of the total budget of €12 million to help SMEs to get their innovations faster on the market.
They are Thalman Health Limited from Cork (www.thalmanhealth.com) for a project – “SENSYU Reimagining Infection Detection: Continuous Monitoring of Heart Rate & Core Body Temperature”. Dublin Company Vizlegal Limited (www.vizlegal.com) will undertake a project “Building the world’s largest Application Programming Interface (API) for law, Vizlegal will change how legal information is utilised and understood by the legal industry”.
Under Phase 1 of SME Instrument, each project receives a lump-sum of €50.000 to carry out a feasibility study. Under Phase 2, each project receives from €0.5 to €2.5 million to finance innovation activities such as demonstration, testing, piloting and scaling up. In addition, companies under both phases can benefit from free coaching and business acceleration services.
Full details of the action