SMEs from Iceland, Switzerland, Ireland, Austria, and Denmark are the most effective in applying for the SME Instrument. It has attracted both young, market-challenging start-ups aiming for fast scale-up and family businesses that have existed for many years, where the new generation of owners rely on innovation to remain competitive. Service-oriented companies come to the SME Instrument to launch their first product on the market. However, countries which are the most effective in applying to the SME Instrument, with the highest success rates, are Iceland (18%), Switzerland (14%), Ireland (11%), Austria (11%) and Denmark (11%). 80 SMEs from Austria have been funded. SME Instrument attracts particularly well performing SMEs in Croatia, Sweden, Austria, Finland, the Netherlands and Germany where they receive on average higher funding than their compatriots.