How To Improve Your Chances of Getting Funded Posted on August 29, 2017May 23, 2020 By Stephan Segler, Ph.D. To find out if your project is suitable for funding, please read What Types of Industries Receive Funding?. Three of the four evaluators that will review the proposal have a business background and only one will have a technical or scientific background. While it is impossible to know what the specific evaluators will focus on and look for, there are some general things that make the project look more suitable for investments: You have financial backing other than the SME Instrument (Own revenues, parent company, private investors) You have been acknowledged for your innovation (prices, funds, awards, features on blogs, TV or magazines) You address a promising market segment (market growth, market size, small competition) You have Letters of Recommendation from key partners and stakeholders (regulatory agencies, decision makers, relevant authorities, thought leaders) You have Letters of Intent from Suppliers, Customers or Distributors You have a highly experienced and capable team (work experience, relevant projects, education, extensive support network) Your project brings not only financial but also social benefits to the EU Your project has more potential than just the Phase 2 developments and can be expanded further within the next decade It is not necessary to fill all the boxes but we should be able to address as many points as possible. Horizon 2020 Phase 1 Phase 2 SME Instrument / EIC Accelerator Industries & CompaniesInvestorsSME Instrument Phase 1SME Instrument Phase 2Writing Tips
EIC Accelerator EIC Accelerator (SME Instrument Phase 2) – Introduction and Blended Finance Posted on May 22, 2020October 9, 2020 Writing a successful EIC Accelerator (SME Instrument) application is always challenging due to the competitive nature of the grant and the 2 step evaluation process (i.e. written application and in-person interview). Success Rates Typical success rates range between 2% and 5% depending on the individual budget and the number of… Read More
EIC Accelerator Choosing a Good Project for the EIC Accelerator (SME Instrument Phase 2) Posted on May 29, 2020October 9, 2020 While any type of industry or product is eligible for an EIC Accelerator application, the EU specifically seeks out innovative businesses that are providing high-risk and high-reward products or services. The evaluation criteria directly mention new market creation, market disruption as well as the establishment of new value-chains and, while… Read More
EIC Accelerator Burnrate, Runway and Cashflow for Startups (EIC Accelerator, SME Instrument) Posted on January 5, 2021December 30, 2020 The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity financing) is seeking excellent and high-impact startups or Small- and Medium-Sized Enterprises (SME) which have reached a certain Technology Readiness Level (TRL – read: How the EIC Funds TRL’s). As part of the profile, such companies have… Read More