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 Structuring an EIC Accelerator Pitch Deck for the Jury Interview (SME Instrument) Posted on December 31, 2020December 30, 2020 Under Horizon Europe (2021-2027), the EIC Accelerator blended financing program (formerly SME Instrument Phase 2, grant and equity financing) will reprise its use of pitch interviews after they have been successfully applied in previous years. In these interviews, startups and Small and Medium-Sized Enterprises (SME) are questioned in accordance to… Read More
EIC Accelerator What to Expect in an EIC Accelerator Interview (SME Instrument Phase 2) Posted on December 20, 2020December 15, 2020 The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity financing) by the European Innovation Council (EIC) and European Commission (EC) is a great way for non-bankable and disruptive startups to obtain government funding but the 3-stage application process is highly competitive. With the final stage of… Read More
EIC Accelerator Technology Readiness Levels, Timelines and Interview Priorities (2023 EIC Accelerator Work Programme Part 4) Posted on November 5, 2022November 5, 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