What Does “Prototype Stage” Mean?

Posted on March 19, 2019March 18, 2020 By Stephan Segler, Ph.D.

If you already have a prototype (an App or a physical product) then it is important to have some quantifiable feedback. For example:

(a) You have active users on your platform who have given you feedback regarding the effectiveness of your solution (lowered costs or other benefits – expressed in percentages or absolute values).

(b) If you have a physical product then you have proven its functionality and possibly have some commitments from retailers, companies (if B2B) or pre-sales from end-users (if B2C).

This shows that your project is functional and that there is a market demand/benefit.

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…

EIC Accelerator

Lessons from the EIC Accelerators Pitch Video Shooting (SME Instrument)

Posted on April 23, 2021April 21, 2021

The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity) has recently introduced pitch videos into the evaluation process which presents a new challenge for professional grant writers, freelancers and consultancies (read: New Application Process). While there are no official guidelines or templates for the process of…

EIC Accelerator

How the EIC Can Incentivise Shorter and Clearer Applications for the EIC Accelerator (SME Instrument Phase 2) – Part 3

Posted on December 15, 2020December 10, 2020

Information for readers: The following is a description of a proposed evaluation process but it does not, in any way, reflect the current way EIC Accelerator applications are evaluated. For this, please read this article. This article is a continuation of Part 2 (see also: Part 4 & Part 1)….