SME instrument is a Horizon2020 program to finance innovative SMEs.
The SME Instrument is specifically aimed at SMEs (Article 22 of Regulation (EU) No 1291/2013) to support the research and innovation activities and capacities of SMEs throughout the various stages of the innovation cycle.
Agricolus DSS is a project approved in January 2016 within the Horizon 2020 SME INSTRUMENT program with the aim of: Testing the technical and economic viability of the Business plan solution for the marketing of the Agriculus Suite on the European market with pilots in Denmark and Spain.
The development of Agricolus started in 2014, but was strongly increased in 2016 (for a duration of 6 months) after the market analysis and feasibility study supported by SME Instrument Phase 1. The study was carried out through some pilots tests on three main crops: wheat, olive, and tobacco.
The three pilot tests showed that Agricolus DSS achieved TRL7 (demonstration of the prototype in an operational environment) for each crop tested and gave an interesting evaluation for further development. The market analysis carried out recorded a wide range of customers with needs that Agricolus DSS can meet. To meet this challenge, the company has implemented an important international partnership strategy. An economic plan was produced for the next 5 years, with an ROI of approximately 42%, confirming the viability and profitability of the project.