Directly Applying for Phase 2 Posted on March 19, 2019March 18, 2020 By Stephan Segler, Ph.D. I am talking to a lot of startups regarding EU funding and I frequently get asked if it is possible to apply to Phase 2 of the SME Instrument directly. The answer is: Yes. Technically you can but in reality, most startups do not have enough data (market, business plan, strategy, financial projections, users etc.) for the application. On top of that, the chances to receive Phase 2 funding after a completed Phase 1 are twice as high. My suggestion is always to get Phase 1 first since it is easier to finance and then use the financial support to prepare for Phase 2. Horizon 2020 Phase 1 Phase 2 SME Instrument / EIC Accelerator InvestorsSME Instrument Phase 1SME Instrument Phase 2tip#08
EIC Accelerator Burnrate, Runway and Cashflow for Startups (EIC Accelerator, SME Instrument) Posted on January 5, 2021December 30, 2020 The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity financing) is seeking excellent and high-impact startups or Small- and Medium-Sized Enterprises (SME) which have reached a certain Technology Readiness Level (TRL – read: How the EIC Funds TRL’s). As part of the profile, such companies have… Read More
EIC Accelerator The Eligible Applicants (2023 EIC Accelerator Work Programme Part 1) Posted on November 4, 2022November 3, 2022 The EIC Accelerator funding (grant and equity, with blended financing option) awards up to €2.5 million in grant and €15 million in equity financing per project (€17.5 million total). It is a popular funding instrument specializing in DeepTech startups and small mid-caps which aim to finalize their product developments, enter… Read More
EIC Accelerator Developing the Unique Selling Points (USP) for the EIC Accelerator Posted on February 3, 2023April 25, 2023 The EIC Accelerator funding (grant and equity, with blended financing option) by the European Innovation Council (EIC) and European Commission (EC) has a clear focus on high-risk startups with high commercial potential. It is ideal for startups and Small- and Medium-Sized Enterprises (SME) since the funding per project can reach… Read More