How to Interpret the Evaluation Summary Report (ESR) of an EIC Accelerator Application (SME Instrument) – Part 1 Posted on October 27, 2020March 7, 2021 By Stephan Segler, Ph.D. The Evaluation Summary Report (ESR) provides the EIC Accelerator blended financing applicant (formerly SME Instrument Phase 2, grant and equity financing) with feedback regarding the proposal quality. While separating and grading the central sections of Impact, Excellence and Implementation, it gives additional scores on selected subcriteria (read: Using the ESR). A professional writer or consultant is used to interpreting such documents but, for many startups and Small- and Medium-Sized Enterprises (SME) who are looking to resubmit a previously rejected application, it can be a difficult task. The greatest drawback of the ESR is its lack of comments as part of the report. These are only provided for the pitch interview (i.e. step 2 of the evaluation process) but not for rejections in step 1 of the process (i.e. the written application). This will likely be changed under Horizon Europe (2021-2027) by the European Commission (EC) and European Innovation Council (EIC) but, without any useful comments, the EIC Accelerator applicants are in the dark with respect to the cause for the rejection. Interpreting the Evaluation Summary Report (ESR) The ESR’s structure does not match the official proposal template and the overlap of the individual sub-criteria can make reading the information rather difficult (i.e. a single criterion is used to score commercialisation, financials and scaling). As a result, interpreting the ESR is not as clear or informative as some would expect but it is still possible to gain some useful information from the overall document. 1. Overall EIC Accelerator Score A successful EIC Accelerator grant proposal has a very high score but, for companies who have re-submitted unsuccessfully multiple times, reaching a great score can be elusive. With the maximum score being 15, the official threshold lying above 13 and the unofficial threshold being above 13.6, many applicants are in need of advice as to how to interpret the ESR and improve their score. Assessing such a score just based on a single number is very difficult because the problem could lie in a variety of different areas. From experience, there are some areas that can be adjusted based on the general score but only in the broadest way. Any score below 12 needs extensive work and it is likely that the project is either not innovative enough for the grant if the proposal is high in quality or the proposal needs serious reworking in order to improve its quality (i.e. improved and clearer writing, design, quantifications and explanations). An application with a score between 12.5 and 13.5 is usually sufficiently high in quality from a writing perspective but it lacks certain details to break the unofficial evaluation threshold and to receive the pitch interview invitation. These detailed changes to be made are very specific and must be customized to each individual project but below is a shortlist of common flaws found in proposals of certain score margins. 2. Scores for Sections The second scores to investigate are the scores for the three main EIC Accelerator sections, namely Impact, Excellence and Implementation. The graphic above shows the general average score per section which can provide insight into the balance of the proposal. Impact If the Impact section is below the other scores then the proposal has not properly addressed the commercial and peripheral factors of the annotated proposal template such as customer needs, market, commercialisation strategy, Intellectual Property Rights (IPR), Freedom to Operate (FTO) and regulations. In addition, the European dimension could have been neglected which dampens the impact of the narrative (read: Visual Guide for an EIC Accelerator Application). Excellence With a low Excellence section, it is very likely that the product or service presented is not viewed as sufficiently innovative or the Technology Readiness Levels (TRL), the current stage of development or competing offers have not been presented in a clear manner. If the innovation is lacking then there is not much that can be done and it should be assured from the start that the innovation is suitable (read: Preparing an Application Internally and TRL for the EIC Accelerator). Implementation If the Implementation section is far below the other two then the work packages, further stages, tasks, team, partners, timing, budget or any other of the concrete development steps are insufficient. This might be due to a lack of clarification what the grant financing is used for, a lack of detail in the given tasks or major inconsistencies between different parts of the application (i.e non-bankability – read: EIC Accelerator Buzzwords). Continuation Part 2 of this article continues under the provided link. This article was last modified on Mar 7, 2021 @ 14:46 These tips are not only useful for European startups, professional writers, consultants and Small and Medium-Sized Enterprises (SME) but are generally recommended when writing a business plan or investor documents. Deadlines: Post-Horizon 2020, the EIC Accelerator accepts Step 1 submissions now while the deadlines for the full applications (Step 2) under Horizon Europe are: Step 1 Open now: Apply as soon as possible to be eligible for a Step 2 submission Step 2 (closing 17:00 Brussels Time) 1st cut-off 2025: Approximately January or March 2025 2nd cut-off: - 3rd cut-off: - 4th cut-off: - Step 3 1st cut-off: - 2nd cut-off: - 3rd cut-off: - 4th cut-off 2024: January 13th to 17th 2025 The Step 1 applications must be submitted weeks in advance of Step 2. The next EIC Accelerator cut-off for Step 2 (full proposal) can be found here. After Brexit, UK companies can still apply to the EIC Accelerator under Horizon Europe albeit with non-dilutive grant applications only - thereby excluding equity-financing. Contact: You can reach out to us via this contact form to work with a professional consultant. EU, UK & US Startups: Alternative financing options for EU, UK and US innovation startups are the EIC Pathfinder (combining Future and Emerging Technologies - FET Open & FET Proactive) with €4M per project, Thematic Priorities, European Innovation Partnerships (EIP), Innovate UK with £3M (for UK-companies only) as well as the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants with $1M (for US-companies only). Any more questions? View the Frequently Asked Questions (FAQ) section. Want to see all articles? They can be found here. For Updates: Join this Newsletter! by Stephan Segler, PhDProfessional Grant Consultant at Segler Consulting General information on the EIC Accelerator template, professional grant writing and how to prepare a successful application can be found in the following articles: A Quick FTO Guide for EIC Accelerator Applicants in a Rush 2023 Budget Allocations for EIC Pathfinder, Transition and Accelerator Developing the Unique Selling Points (USP) for the EIC Accelerator Explaining the Resubmission Process for the EIC Accelerator A Short but Comprehensive Explanation of the EIC Accelerator EIC Accelerator Success Cases Deciding Between EIC Pathfinder, Transition and Accelerator A Winning Candidate for the EIC Accelerator EIC Accelerator Interview Preparation Process: Scripting the Pitch (Part 1) EIC Accelerator Horizon Europe Phase 2 SME Instrument / EIC Accelerator EIC Accelerator 2021EIC Accelerator consultantEIC Accelerator equityEIC Accelerator financingEIC Accelerator grantEIC Accelerator rejectionEIC Accelerator templateEIC Accelerator writerIndustries & CompaniesSME Instrument Phase 2Writing Tips
EIC Accelerator The 2021 EIC Accelerator Work Programme and Newest Updates (SME Instrument Phase 2) Posted on March 7, 2021October 26, 2021 Update 1: The EIC Accelerator Work Programme 2021 was published on March 17th 2021. Update 2: The EIC has presented the latest news in a YouTube leak which reveals information not found in the published Work Programme. The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity… Read More
Horizon 2020 SME Instrument 2018 Changes Posted on March 19, 2019March 18, 2020 Before 2018, there were pre-defined industries (13 in total) which could apply to the SME Instrument. Starting February 2018, the funding is available to projects of all industries with no topic restrictions. The budgets and competitiveness of the old topics were highly disproportionate so this new development might level… Read More
EIC Accelerator EIC Accelerator Interview Preparation Process: Jury Considerations (Part 3) Posted on October 30, 2021October 26, 2021 One could argue that the Question & Answers (Q&A) session that is part of the EIC Accelerator interviews requires a significant amount of the overall preparation time. With a length of up to 35 minutes after the 10-minute pitch by the startup or Small- and Medium-Sized Enterprises (SME), it can… Read More