The Difference Between Innovation and Features (EIC Accelerator) Posted on January 17, 2020October 14, 2020 By Stephan Segler, Ph.D. Here are some tips regarding applications for the EU’s start-up grant (up to €2,500,000 via grant + €15,000,000 through equity financing). The central component for the grant application is the innovative nature of the project, meaning that it not only addresses customer needs and has a significant market impact but is based on a unique technology or approach. This is key since it can be easy to confuse ‘innovation’ with a ‘collection of features’ and try to convince through narratives such as: “We do what competitors do but better” “We have a wholesome approach that combines multiple existing features” A unique technology (patented or not) must be difficult to copy and cannot be a simple extension of other existing products. The proposal must present a clear narrative by introducing a major problem in the introduction which then ties into your product or service through its unique value proposition. Afterwards, it addresses your strategy to overcome market barriers and describes how your customers needs relate to your innovation. The overall narrative should communicate: “We are the only company who can address the problem and meet customer needs” EIC Accelerator Horizon 2020 Phase 2 SME Instrument / EIC Accelerator EIC Accelerator equityEIC Accelerator financingEIC Accelerator grantIndustries & CompaniesSME Instrument Phase 1tip#15Writing Tips
EIC Accelerator Investing in Well-Funded Projects: How the EIC is Breaking its Own Rules (EIC Accelerator) Posted on January 30, 2023January 23, 2023 The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity) by the European Innovation Council (EIC) and European Commission (EC) awards up to €2.5 million in grant and €15 million in equity financing per project (€17.5 million total) to startups and Small- and Medium-Sized Enterprises (SME). It… 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
EIC Accelerator Which Companies Should Not Apply to the EIC Accelerator (SME Instrument) – Part 2 Posted on December 18, 2020December 12, 2020 This article is a continuation of Part 1 and presents an exploration of criteria that could lead to the immediate dismissals of projects applying to the EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity financing) by the European Innovation Council (EIC) and the European Commission (EC)…. Read More