Phase 3. Commercialisation

Phase 3 of the SME Instrument aims to increase the economic impact of the funding provided by the SME Instrument phase 1-2 grants and by the business coaching. Phase 3 is not subsequent to phase 1 and/or 2, but provides specific support to SME instrument beneficiaries during and after phase 1 or 2. All support under phase 3 of the SME instrument will be accessible through a single, dedicated entry point, which will serve as an information portal and a networking space. This platform will offer access to two main strands of services:

  • Access to markets
  • Access to finance

In addition, phase 3 will create opportunities for partnering, networking and training, which are set out in the Dedicated Support Actions at the end of this call.

Prepare for Market Launch

SMEs will receive extensive support, training, mentorship and facilitating access to risk finance as the project is further polished into a marketable product.

Additional support and networking opportunities will be provided by Enterprise Europe Network (EEN).

The EU will not provide additional direct funding in this phase.

Access to Risk Finance

Under Phase 3 activities, this specific objective will help companies engaged in research and innovation (R&I) to gain easier access to financial instruments. In addition to Innovfin Programme, firms are advised to contact Enterprise Europe Network (EEN) for local and national oppurtinities in access to finance. 


"InnovFin– EU Finance for Innovators", the new generation of EU financial instruments and advisory services was developed under Horizon 2020 to help innovative firms access finance more easily. "InnovFin – EU Finance for Innovators" will help to inject up to EUR 48 bn in investments in Research and Innovation across Europe. 

BİST Private Market

Borsa İstanbul Private Market is a web-based and a member-based platform which brings companies and investors together in order to buy and sell shares without going public. Private Market is a marketplace offering companies the opportunity to find shareholders and thereby finances without going public and without being subject to numerous obligations including public disclosure and various costs to which public companies are subject. Moreover, differently from the other markets of Borsa Istanbul, companies in Private Market are not subject to public disclosure requirements. In this respect, Private Market allows companies to manage and control the information flow and confidentiality.

Bist Private Market