COSME Work Programme 2016 approved by the European Commission

The European Commission approved the COSME Work Programme 2016 on January 18.

COSME – Program for the Competitiveness of Enterprises and SMEs is a Small Business Act (SBA) implementation programme that reflects the Commission’s political will to acknowledge the pivotal role SMEs play in the EU economy. With a budget of EUR 2.3 billion, it runs from 2014 to 2020.

COSME was designed to support businesses in four different areas: funding access support; internationalization and market access support; creating a competitiveness-friendly environment; and promoting an entrepreneurial culture.

COSME  does not directly finance companies. Its instruments are implemented through support networks and entities that offer support interface to SMEs throughout Europe.

The Portuguese Delegate for the COSME program is IAPMEI.

More information about COSME here.