SMEs showcase innovations at summit
As part of the Innovators Summit in Brussels, Belgium, 20 European Small and Medium-sized Enterprises (SMEs) come together to showcase new technologies and exciting innovations.
Amongst some of the showcased technologies are clothes and accessories made from marine waste, a portable hub that provides clear water, solar energy and Wi-Fi connectivity in developing countries, and a 3D hologram of the brain that resulted in a breakthrough for neuroscience.
European Commissioner for Research, Science and Innovation Carlos Moedas said: “The success of the new SME Instrument is in the companies we support. There is clearly demand out there for EU investment in top-notch business innovation.
“I hope many of the businesses showcased today will mature to become the solid backbone of industry, generating growth and jobs for the EU economy. We need these pioneers of innovation to grow!”
The SME Instrument is a competitive EU scheme that supports innovation-driven SMEs that have the potential to disrupt the market with innovative ideas but need high risk investment to make it happen.
Through the scheme, the EU will invest close to €3bn in around 7,500 SMEs until 2020.
The first ever Innovators Summit brings together the CEOs of more than 400 high potential SMEs to meet international investors, technology executives and cutting-edge innovative business leaders.
