EU Startup Services is proud to announce that has helped 3 new projects from 3 countries become success stories, securing a combined €150.000 for 3 start-ups under the SME Instrument, Phase 1 under the topics Open Disruptive Innovation (ICT), ICT solutions for health, and Business Model Innovation.
2005 proposals were submitted on the second cut-off date of the year 2016 in May asking for funding under the SME Instrument Phase 1. At the top of the list of topics ICT collects the greatest number of proposals with 467 proposals, followed by ICT solutions for health (231) low carbon energy systems (200) and climate action and environment (179).
The SME INSTRUMENT: The SME Instrument Phase I awards equity-free grant funding to innovative EU startups, at a flat rate of €50.000 equity free funding per startup.
What are their names and where they come from? Find below the name of each business, the topic and the country:
- Quotanda – ODI (Open Disruptive Innovation) – Spain
- Monona – eHealth – England
- Paybon – SME business model innovation – Austria
Quotanda is changing that through technology that broadens access by helping schools introduce flexible, affordable financing programs for students.
Quotanda provides innovative student loan solutions and tuition management services to schools and lenders which enable them to help their customers pay for college. Their advanced communication strategy and intuitive platform enable personalized and preventative student interaction which affords institutions measurable gains in enrollment, retention and completion. All loan programs are fully managed by Quotanda’s team of experts allowing schools to focus on what they do best – educate. Find out more about Quotanda here.
FILISIA – Monoma
Monoma has been created to help people live to the fullest of their potential: they unleash the creative potential of people with additional needs and make training and therapy easy, engaging and fun.
Human potential is of utmost value for us and we are determined in empowering disadvantaged people to lead creative and productive lives. Filisia vision is to continuously work with a variety of technologies and networks, to serve people with additional needs. They focus on creating connected devices that operate in a modular fashion. Utilisation of user performance data, will also make a pivotal contribution delivering value for our clients, stakeholders and the research community. Learn more about this innovative project here.
Paybon handles meal vouchers digitally via its web server platform so that users (employees) and acceptors (restaurants) can exchange vouchers, disrupting the massive global meal voucher market with a smartphone delivery system.
The rise of smartphone technology and digital payment systems has created an enormous opportunity to disrupt the meal voucher market. Paybon is exploiting these regulatory and technology trends by launching a fully-automated smartphone-based voucher system that boost efficiencies, reduces costs, and creates positive social and environmental impacts.
Vouchers can be simply generated by employers and distributed to employees via a web application, and can be redeemed digitally at the point of sale with their smartphones. It is the web-based infrastructure that allows real-time voucher redemption, verification and clearance from phone to the phone that is the real and potentially patentable state-of-the-art innovation behind Paybon. Paybon’s objectives are to contribute to the market shift toward dematerialization of services and payments, offering tremendous economic opportunity. Further development can include nutrition rewards, social ratings and restaurant reviews. Expansion opportunities include other non-cash benefit systems such as social security vouchers, and to other delivery arenas such as education systems and supermarkets.
What distinguishes us from our competitors is our specialization on fundraising for startups and innovative SMEs and their extensive knowledge of the SME Instrument scheme. Over the course of one year, we were able to help more than 1350 startups based in over 22 countries to reach the funding they needed to scale up and conducted more than 33 workshops with expert advice on Horizon 2020’s SME Instrument scheme.
Take a look at our client Testimonials and contact us if you also want your startup to be a ‘Success Story’ with more than million euros of equity-free EU grant funding to help you scale-up.