The EU's Horizon 2020 perspective ends in two years. The European Commission is already developing a new model for the functioning of the SME Instrument deigned for small and medium-sized enterprises with a radical innovation that can disrupt established value networks and markets. What has been changed? Project evaluation has been transferred from the Commission's officials' hands to European Innovation Council consisting of experts from private sector (entrerpreneurs, business angels, VC managers).
The European Commission starts using proven standards of the VC industry and brings pitching into play. Meeting founders and having the opportunity to discuss their projects directly is the best way to right selection of projects with potential.
Ewa Treitz, Venture Partner, Black Pearls VC