SME Instrument Phase 1 vs. Phase 2 (EIC Accelerator) Posted on October 12, 2019March 20, 2020 By Stephan Segler, Ph.D. Since Phase 1 (€50,000) of the EUs start-up grant will be discontinued after September 2019 but Phase 2 (€2,500,000) will remain open, here is an overview of the main differences between the applications. While Phase 1 &2 proposals do follow almost the exact same template, there are important variations to consider: Feasibility vs Implementation: Phase 1 is granted for a feasibility study of the project while Phase 2 is for the implementation of all technical and commercial developments. Grant amount and competitiveness: Due to the higher grant amount, Phase 2 is more difficult to achieve than Phase 1 Funding threshold: The official threshold for funding is 13/15 for Phase 1 and 12/15 for Phase 2 Interview: Phase 2 requires an in-person interview before the grant is approved Proposal length and additional sections: The main document is 10 pages for Phase 1 while Phase 2 is 30 pages. Value for money of subcontracting is rated: The subcontracting in the proposed project must be described and justified according to its best value for money. EIC Accelerator Horizon 2020 Phase 1 Phase 2 SME Instrument / EIC Accelerator EIC Accelerator grantEIC Accelerator templateGrant AmountInvestorsSME Instrument Phase 1SME Instrument Phase 2
EIC Accelerator How the EIC Accelerator Funds Technology Readiness Levels (TRL) (SME Instrument) Posted on June 8, 2020October 9, 2020 The Work Programme for the EIC Accelerator (SME Instrument Phase 2) clearly defines the type of innovation that is eligible for the financing and, outside of general considerations, outlines the exact stages a technology has to be in. These stages are classified through Technology Readiness Levels (TRL – see this… Read More
EIC Accelerator Why it’s Important to Have a Diverse Grant Strategy (EIC Accelerator, SME Instrument) – Part 1 Posted on February 18, 2021February 15, 2021 Public grants are a popular avenue for Small- and Medium-Sized Enterprises (SME) and startups since they often provide a simple application process to receive substantial financial support. One of the distinct benefits of grant funding is its often strong policy-focus while commercial and financial factors of the business tend to… Read More
EIC Accelerator How Deep Is Your Tech? The European Innovation Council Impact Report (EIC Accelerator) Posted on May 8, 2023May 1, 2023 The European Commission (EC) and European Innovation Council (EIC) provide €2.5 million in grants and €15 million in venture financing per startup or Small- and Medium-Sized Enterprise (SME). This article discusses highlights from the 2022 impact report on the new EIC Accelerator program (grant and equity, with blended financing option)…. Read More