Do You Need Additional Investors? Posted on March 19, 2019March 18, 2020 By Stephan Segler, Ph.D. Phase 1 is funded as a flat fee of €50,000 for the purpose of performing a feasibility study. Phase 2, while being flexible with €500,000 to €5,000,000 in funding, is also paid as 70% of the total projects costs. The reason for the remaining 30% is that the EU wants to fund companies that are able to allocate the remaining investments or already have revenues as opposed to companies that do not have the means to do so. In summary, the remaining 30% would be covered through private investors, product revenues or through private funds. Horizon 2020 Phase 1 Phase 2 SME Instrument / EIC Accelerator Industries & CompaniesInvestorsSME Instrument Phase 1SME Instrument Phase 2tip#05
EIC Accelerator SME Instrument Grant Writing Tips (EIC Accelerator) Posted on October 12, 2019October 9, 2020 I frequently get asked about the application process for the SME Instrument Funding by the EU, so here is a brief overview for every startup that wants to apply: Proposal writing is the most important part but I am covering this in another post Choosing an Acronym and Tagline: Each… Read More
EIC Accelerator Technology Readiness Levels (TRL) for the EIC Accelerator (SME Instrument) Posted on May 28, 2020October 9, 2020 To apply for the EIC Accelerator (SME Instrument Phase 2) financing, your project will need to be at the prototype level which is defined as TRL6 (i.e. proof-of-concept) according to the Technology Readiness Level (TRL) classifications which are ranging from TRL1 (i.e. basic research or idea stage) to TRL9 (i.e…. Read More
EIC Accelerator Pre-Requisites for an EIC Accelerator Application (SME Instrument Phase 2) Posted on May 30, 2020October 9, 2020 The applicant for the EIC Accelerator (SME Instrument Phase 2) financing is a registered company which will need to create an account on the EU’s Funding and Tenders Portal in order to receive a Participant Identification Code (PIC). Once registered, the company can apply for a variety of grants and… Read More