Directly Applying for Phase 2 Posted on March 19, 2019March 18, 2020 By Stephan Segler, Ph.D. I am talking to a lot of startups regarding EU funding and I frequently get asked if it is possible to apply to Phase 2 of the SME Instrument directly. The answer is: Yes. Technically you can but in reality, most startups do not have enough data (market, business plan, strategy, financial projections, users etc.) for the application. On top of that, the chances to receive Phase 2 funding after a completed Phase 1 are twice as high. My suggestion is always to get Phase 1 first since it is easier to finance and then use the financial support to prepare for Phase 2. Horizon 2020 Phase 1 Phase 2 SME Instrument / EIC Accelerator InvestorsSME Instrument Phase 1SME Instrument Phase 2tip#08
EIC Accelerator What to Expect in an EIC Accelerator Interview (SME Instrument Phase 2) Posted on December 20, 2020December 15, 2020 The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity financing) by the European Innovation Council (EIC) and European Commission (EC) is a great way for non-bankable and disruptive startups to obtain government funding but the 3-stage application process is highly competitive. With the final stage of… Read More
EIC Accelerator Balancing Content for the EIC Accelerators Step 1 Video, Deck and Proposal (SME Instrument) Posted on April 25, 2021April 20, 2021 The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity) has recently introduced a novel Step 1 to the application process. This is presenting a new challenge to professional writers, consultancies and freelancers but it is also an interesting new way of displaying an innovation project (read:… Read More
EIC Accelerator The Reliance of EU Startups on Consultancies for the EIC Accelerator (SME Instrument) Posted on February 12, 2021February 4, 2021 The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity financing) is an innovation funding program that provides up to €17.5M to startups and Small- and Medium-Sized Enterprises (SME). It is very attractive for eligible companies since it allows single-applicants to directly apply online and participate in… Read More