SME Instrument Phase 1 vs. Phase 2 (EIC Accelerator) Part 2 Posted on October 12, 2019October 9, 2020 By Stephan Segler, Ph.D. Here is some additional information regarding the EU’s Startup Funding (The SME Instrument) that I frequently get questions about: Since Phase 1 will have its last two cut-off days this year with Phase 2 applications still being open, let me give you the main things to keep in mind when writing a Phase 2 proposal directly. Number of pages: Sections 1-3 (the main proposal) are 10 pages long for Phase 1 and 30 pages for Phase 2. Content: Naturally, in a Phase 2 proposal, you can go into more depth in each section but there are also a few parts that are unique compared to the Phase 1 template (e.g. “Communication and access to research data”) Work packages: This is an important one. Phase 1 applications are for a feasibility study and you do not need to have a fixed business plan in place but for Phase 2, you will need to have a very detailed cost structure for the next 2 years of developments. You must know who will perform each task, how much it will cost and what the deliverable will be. Plan about 7 to 15 pages just for the work packages. Budget: Phase 1 is fixed at €50,000 while Phase 2 can be set to €2,500,000 or higher in some cases. EIC Accelerator Horizon 2020 Phase 1 Phase 2 SME Instrument / EIC Accelerator EIC Accelerator templateInvestorsSME Instrument Phase 1SME Instrument Phase 2tip#14Writing Tips
EIC Accelerator Who Should Not Apply To The EIC Accelerator And Why Posted on April 24, 2023April 17, 2023 The EIC Accelerator grant financing (with blended equity option) by the European Innovation Council (EIC) and European Commission (EC) funds Small- and Medium-Sized Enterprises (SME) and startups with up to €2.5 million in grants and €15 million in equity financing per project (€17.5 million total). The EIC Accelerator sets out… Read More
EIC Accelerator Technology Readiness Levels and the EIC Accelerator (SME Instrument) Posted on June 5, 2020October 9, 2020 Technology Readiness Levels (TRL) are a useful way of classifying the current stage of an innovation or technology. They have originally been developed by the National Aeronautics and Space Administration (NASA) many decades ago but have persisted as a popular tool used by institutions such as the European Commission (EC)… Read More
EIC Accelerator How to Script an EIC Accelerator Pitch Video (SME Instrument) – Part 1 Posted on January 1, 2021December 30, 2020 In 2021, the EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity financing) requires the upload of a pitch video which can present new challenges to prospect applicants (read: Proposed 2021 Template). While startups and Small- and Medium-Sized Enterprises (SME) can find information on the creation of… Read More