The SME Instrument is impact oriented. It is focused on finding the best SMEs and not only giving them a grant but also business innovation coaching. Beneficiaries can receive up to 15 days of coaching.
As an accredited coach, iLLumoo will help the beneficiaries to progress over the life cycle of their innovation, from idea to proof of concept to first pilot application and finally upscaling and expansion. We will empower the SME to cope with challenges such as developing their strategy and organisation, identifying their market and improving ability to attract finance.
Three distinct coaching services are available:
- Business development: focused on the identification, analysis and evaluation of potential business opportunities, the definition of business segments and the development of an effective marketing mix
- Organisation: aimed at mobilising the resources of the SME to ensure the efficiency and performance of the company’s organisation
- Cooperation: to support SMEs in planning and implementing innovation partnerships and project consortia.
Enterprise Europe Network acts as the intermediary between the SME and the coaching scheme. The role of Enterprise Europe Network is to help the SME to identify challenges and coaching needs and to support the SME in selecting a coach.
Contact between the SME and Enterprise Europe Network will be organised by the Executive Agency for SMEs (EASME) as soon as the grant agreement is signed.
More info: https://ec.europa.eu/easme/en/coaching-under-sme-instrument