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- Prepare your grant proposal
- Get advice on your application
- Find grant opportunities
Typical project lifecycle
Prepare your grant proposal
1. Get Grants: EIC Accelerator, Fast Track to Innovation & Eurostars
The EIC Accelerator (formerly SME Instrument) provides funding for breakthrough ideas with the potential to create entirely new markets or revolutionise existing ones. It is only for SMEs and start-ups. EIC Accelerator
- Grant size range from 500K€ to 2.5M€
- Your business must already be registered
- You have a prototype and promising early success
- You want to further develop your innovation, focusing on testing, demonstration, scaling up, and other preparations for market launch
Ranges of funding available
Grants for innovation development & demonstration purposes
Ranging between EUR 500,000 and 2,5 million (covering 70% of total cost of the project) Equity of up to €15 million per company
€100 million total budget in 2019-2020Types of activities funded
Prototyping, miniaturisation, scaling-up, design, performance verification, testing, demonstration, development of pilot lines, validation for market replication, including other activities aimed at bringing innovation to investment readiness and maturity for market take-up.The evaluation process
The evaluation of proposals happens 4 times a year, and the results are sent 3 to 4 weeks after each deadline. The process of evaluation can have three outcomes: ‘Go’ decision, ‘No Go’ decision or ‘change into blended finance’ decision.Applications are evaluated in two steps:
Step 1: remote evaluation and, only for proposals that pass all quality thresholds
Step 2: face-to-face interview.The ideal candidate
Companies could be either pre-revenue, or with revenues but non-profitable, or with a commercial activity but unable to raise the investment needed to full deployment of their potential.
A risk component is essential as the Accelerator only supports proposals that are too risky. Various typologies of risks are covered during the evaluation, including technology, regulatory and implementation risks.
Read more about the ideal candidate profileThe EIC Accelerator call is amongst the most competitive calls in the world, with merely 6% of applicants making it to the interview stage, half of who are ultimately funded.
While our expertise in writing the proposal is a key determinant in making it past the initial evaluation, the most critical factor is our ability to identify and pick winning candidates.
Considerable time and effort is invested in the process of sourcing and evaluating our customers, before making an offer to work with you.
On the technology side, there are 3 elements which are taken into consideration:
1 Technology: We work with ground-breaking science-based innovations. That does not necessarily mean that we are only selecting candidates in life-sciences or engineering, however we will typically opt for solutions with a clear European added value, disrupting their respective industry by solving unique challenges and delivering important benefits to society as a whole.
2 Sector: While there is no pre-determined sectors, we work in the following areas: Space, Security, Public sector innovation, Information and Communication Technology (ICT), Health, Engineering and technology, Energy, Earth and related environmental sciences, Construction and Transport, Biotechnology, Agriculture / Rural Development & Fisheries.
3 Patents offer a convincing evidence of innovation and will be preferred over non-patentable solutions.
On the Company side, the ideal candidate has successfully completed the initial steps of its life-cycle:
— combining awards, fundraising and validation and who is taking concrete steps to prepare for Series A.
- Team: The company must demonstrate that it can attract talent (10–15 people) in key positions and must have established a suitable governance structure, preferably with a board of senior advisors.
- Funding: The company must have a proven track record in fundraising (a minimum of 750K EUR either through grants or equity rounds).
- Years since incorporation: As the technologies we work with often require several years of development and validation before reaching the market, our startups are at least 3–5 years old.
Please note that the above criteria are merely indicative and that candidates are evaluated as a whole by evaluating business plans.
To find out more about our services please contact us, we will be happy to evaluate your case in more detail.
EIC Accelerator Deadlines
There are 4 deadlines per year
The next EIC Accelerator deadlines are:
19 May 2020 and 7 October 2020.
Applications must be submitted through the Funding & Tenders Portal.
What is the application?
It includes: 10 pages of administrative forms, 30 pages of written technical materials following a specific format, plus unlimited annexes, an Excel spreadsheet with your finances, and a pitch deck.
Need to see the proposal template? Click here.
2. Get advice on your application
3. Find grant opportunities