Tag Archives: EIC Accelerator freelancer

EIC Accelerator, Horizon Europe, SME Instrument / EIC Accelerator

Zombie Innovation: EIC Accelerator Funding for the Living Dead

The EIC Accelerator funding (grant and equity, with blended financing option) by the European Commission (EC) and European Innovation Council (EIC) is designed for startups and Small- and Medium-Sized Enterprises (SME) and provides €2.5 million in grant and €15 million in venture financing per project.

This article investigates the importance of timing and market alignment to assess the future potential of a company.

Timing is Everything

The EIC is generally looking for dynamic companies that are young (i.e. 50% are under 10 years old), timely and have high growth potential. Since timing is a critical component of every new technology development and commercialization, an EIC Accelerator project should generally present a time-limited opportunity to invest in the next big thing.

The timing will often be influenced by factors such as regulatory trends (i.e. climate change), new technology breakthroughs (i.e. scientific developments) or an increased consumer and market demand (i.e. semiconductors).

As a result, timing is generally a critical component since it means that there is a strong reason to assume that there will be a significant business opportunity and product market fit in the future even if the company is in the early stages and revenues have remained elusive.

The Living Dead

In contrast to the case described above with excellent timing, there are companies that have been around for a long time, have been continually developing a new ground-breaking technology and have filed an endless number of patents to support their commercial exploitation but without a clear product-market fit.

There is no real timing for their solution, no apparent market need and no regulatory pressure to implement the product.

Additionally, they often have a track record of starting and stopping their developments based on their funding status whereas a new fund-raising round will spring a phase of excitement followed by months or years of silence once the funding runs out.

And the technology developments are never quite finished.

Traction: A Zombies Cryptonite

Obtaining early revenues is not always feasible, especially in medical technology or hardware-heavy industries where certifications and regulatory clearance are essential but a company should aim to generate revenues as quickly as possible.

If a company has a finished prototype that can be commercialized to some degree then they should aim to generate revenues as quickly as possible to validate the product-market fit. If a product can be purchased but is not in demand then this generally reveals a poor investment opportunity.

Alternatively, the first step can also consist of prototype testing with customers or end-users to demonstrate the market need and usability even if no revenues are generated. But this should not be an excuse to hand out the product for free since no customer would buy it.

Zombie Innovation

Zombie Innovators generally lack the commercial expertise, customer demand or market incentives to generate any traction which leads to a bottomless budget for research and development that every investor will stay away from.

In their business plans, such companies will often highlight their technology, Intellectual Property (IP) and related benefits (i.e. sustainability, energy, costs) but they will rarely mention customer demand or pilot customer negotiations.

Any commercial plan will likely be reduced to the inflated market size with little or no practical plan to reach it or evidence that the market has an interest in the product.

Do Not Bite the Zombie

As a consultant, professional writer or freelancer, it is essential to identify Zombie Innovators quickly and to assess their level of traction as well as their utilization of past financing, especially when targeting the EIC Accelerator program. If investors avoid such businesses then so will the EIC Jury.

Even if early revenues are impossible, there should be an extensive number of customer relationships, early testing with end-users, agreements with value chain stakeholders and impressive Letters of Intent (LOI) to demonstrate the market need.

Zombie Innovators generally have none of these.

This article was last modified on May 26, 2023 @ 14:03

These tips are not only useful for European startups, professional writers, consultants and Small and Medium-Sized Enterprises (SME) but are generally recommended when writing a business plan or investor documents.

Deadlines: Post-Horizon 2020, the EIC Accelerator accepts Step 1 submissions now while the deadlines for the full applications (Step 2) under Horizon Europe are:

  • Step 1 (short proposal)
    • open now
  • Step 2 (business plan)
    • 1st cut-off: (early 2024)
    • 2nd cut-off: -
    • 3rd cut-off: -
    • 4th cut-off: -
  • Step 3 (interview)
    • 1st cut-off: -
    • 2nd cut-off: -
    • 3rd cut-off: -
    • 4th cut-off: January 29th to February 9th 2024 (extended again)

The Step 1 applications must be submitted weeks in advance of Step 2. The next EIC Accelerator cut-off for Step 2 (full proposal) can be found here. After Brexit, UK companies can still apply to the EIC Accelerator under Horizon Europe albeit with non-dilutive grant applications only - thereby excluding equity-financing.

Contact: You can reach out to us via this contact form to work with a professional consultant.

EU, UK & US Startups: Alternative financing options for EU, UK and US innovation startups are the EIC Pathfinder (combining Future and Emerging Technologies - FET Open & FET Proactive) with €4M per project, Thematic Priorities, European Innovation Partnerships (EIP), Innovate UK with £3M (for UK-companies only) as well as the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants with $1M (for US-companies only).

Any more questions? View the Frequently Asked Questions (FAQ) section.

Want to see all articles? They can be found here.

For Updates: Join this Newsletter!


by Stephan Segler, PhD
Professional Grant Consultant at Segler Consulting

General information on the EIC Accelerator template, professional grant writing and how to prepare a successful application can be found in the following articles:

A Quick FTO Guide for EIC Accelerator Applicants in a Rush

2023 Budget Allocations for EIC Pathfinder, Transition and Accelerator

Developing the Unique Selling Points (USP) for the EIC Accelerator

Explaining the Resubmission Process for the EIC Accelerator

A Short but Comprehensive Explanation of the EIC Accelerator

EIC Accelerator Success Cases

Deciding Between EIC Pathfinder, Transition and Accelerator

A Winning Candidate for the EIC Accelerator

EIC Accelerator Interview Preparation Process: Scripting the Pitch (Part 1)

EIC Accelerator, Horizon Europe, Phase 2, SME Instrument / EIC Accelerator

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

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 shooting a pitch video, this article looks at some brief lessons learned from preparing such videos with clients in a remote fashion.

Information on how to structure a pitch video (read: Video Selection), how to script the video (read: Video Scripting) and how to remotely organize the shooting (read: Video Shooting) can be found elsewhere.

1. The Video Script is Everything

One of the restrictions of the EIC Accelerator pitch video is the length which is limited to only 3 minutes. This can be a surprisingly difficult challenge if the footage recorded by the Step 1 applicant, a Small and Medium-Sized Enterprise (SME) or startup, is very difficult to shorten without losing the storyline or making certain sections non-sensical.

Having a clear script that goes over all relevant sections of the project and is brief but succinct is important since it allows to cut out segments without impeding the overall story. Since it is advisable to always record more than the needed footage, cutting the length of content becomes an important task for the proposal writer.

If a great script has been prepared in advance, the video editor can always fall back on it and never needs to worry about the 3 minutes not telling a cohesive story. Not being able to include every single part of the project’s story is to be expected but the script should be holding up even if certain parts are omitted in the final cut (read: Story Lines).

2. Simple Tips for Pitch Recordings Go a Long Way

Applying SME’s and startups need sufficient guidance for the video recording. A video editor or videographer might take certain things for granted but these aspects could be entirely foreign to the management team of a technology company.

Every consultant or freelancer should present their clients not only with a pre-written script and instructions as to which members should partake in the shooting but also prepare guidelines for best practices. Information on ideal camera choice, settings (framerates, ISO, shutter speed, etc.), lighting and background setup can easily increase the video quality.

A limitation to this is the presentation of the CEO and the management team in general since preparing extra coaching for an exciting and enthusiastic video will likely be exceeding both the time and resources one should spend on the video. Still, giving some guidance as to how to transmit personality and excitement can be very helpful.

3. Small Editing Techniques are Key

Just cutting recorded footage together is one way of preparing the video but small additions such as stock footage, effects, titles and similar techniques can significantly increase the quality of the content.

Every applicant can assume that all the selected evaluators will watch the videos from start to finish at least once but this does not mean that boring videos will make the same impression as entertaining ones.

Having a professionally produced video is by no means a requirement but producing an entertaining video does not require professional production quality. Understanding what the listener wants to know as well as making sure that there is a start, a middle and an end while constantly keeping the viewer’s attention is key.

The thought after watching the video should be: “Wow, the project seems really interesting and the team seems great!“. A video that is bland and uninviting might make the first impression of the team less favourable since motivation, alongside competence, is an important criterion in the evaluation as well (read: Design Resources).

4. Adapting to the Client

Every client is different and has a different starting point when it comes to content creation. Some have extensive footage available and routinely do interviews or pitch their products in video format while others have been in stealth mode and have never recorded a single second of footage. This project diversity likewise extends to the video structuring and editing process since two projects can require different coverage durations for their unique segments.

The same is true for the technology itself since not all projects can be easily translated into video format. Showing how an Artificial Intelligence (AI) algorithm looks in an appealing manner is nearly impossible while demonstrating a hardware production process or data visualisation tool lends itself far more readily to the video format.

Time and geographic constraints are other determining factors since many teams are operating remotely and there might be a lack of time or accessibility to collect all the needed footage. A laboratory might be empty and in sleep mode until the regional COVID-19 lockdown is completed while team members could be busy with core business activities.

Summary

The following key lessons apply to the EIC Accelerator pitch video shooting for Step 1 of the evaluation process:

  • Scripting: Having a solid script prepared will make sure that the final video has a distinct storyline.
  • Guidance: Most applicants will need help with the pitch recording and this should be provided by the consultant or writer.
  • Editing: This will be valuable in order to give the footage a semi or fully professional look and grab the viewers attention.
  • Adapting: Every startup or SME has different footage available and different capabilities which means that guidelines must be adapted if needed.

This article was last modified on Apr 21, 2021 @ 10:16

These tips are not only useful for European startups, professional writers, consultants and Small and Medium-Sized Enterprises (SME) but are generally recommended when writing a business plan or investor documents.

Deadlines: Post-Horizon 2020, the EIC Accelerator accepts Step 1 submissions now while the deadlines for the full applications (Step 2) under Horizon Europe are:

  • Step 1 (short proposal)
    • open now
  • Step 2 (business plan)
    • 1st cut-off: (early 2024)
    • 2nd cut-off: -
    • 3rd cut-off: -
    • 4th cut-off: -
  • Step 3 (interview)
    • 1st cut-off: -
    • 2nd cut-off: -
    • 3rd cut-off: -
    • 4th cut-off: January 29th to February 9th 2024 (extended again)

The Step 1 applications must be submitted weeks in advance of Step 2. The next EIC Accelerator cut-off for Step 2 (full proposal) can be found here. After Brexit, UK companies can still apply to the EIC Accelerator under Horizon Europe albeit with non-dilutive grant applications only - thereby excluding equity-financing.

Contact: You can reach out to us via this contact form to work with a professional consultant.

EU, UK & US Startups: Alternative financing options for EU, UK and US innovation startups are the EIC Pathfinder (combining Future and Emerging Technologies - FET Open & FET Proactive) with €4M per project, Thematic Priorities, European Innovation Partnerships (EIP), Innovate UK with £3M (for UK-companies only) as well as the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants with $1M (for US-companies only).

Any more questions? View the Frequently Asked Questions (FAQ) section.

Want to see all articles? They can be found here.

For Updates: Join this Newsletter!


by Stephan Segler, PhD
Professional Grant Consultant at Segler Consulting

General information on the EIC Accelerator template, professional grant writing and how to prepare a successful application can be found in the following articles:

A Quick FTO Guide for EIC Accelerator Applicants in a Rush

2023 Budget Allocations for EIC Pathfinder, Transition and Accelerator

Developing the Unique Selling Points (USP) for the EIC Accelerator

Explaining the Resubmission Process for the EIC Accelerator

A Short but Comprehensive Explanation of the EIC Accelerator

EIC Accelerator Success Cases

Deciding Between EIC Pathfinder, Transition and Accelerator

A Winning Candidate for the EIC Accelerator

EIC Accelerator Interview Preparation Process: Scripting the Pitch (Part 1)

EIC Accelerator, Horizon Europe, Phase 2, SME Instrument / EIC Accelerator

Freelancers: The Other Side of the Consulting Industry (EIC Accelerator, SME Instrument)

The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity financing) is a competitive funding program supported by a variety of consultancies and professional writers in the EU. Due to the high EU budgets and demand from Small- and Medium-Sized Enterprises (SME) and startups, there are diverse business models that have emerged in the industry (read: The EIC Accelerator Industry).

Inside this sector, one of the often-overlooked factors is the use of freelance writers by large consultancies. These are contracted for the writing of proposals, the editing of re-submissions in case a proposal was rejected and also for the pitch preparation (read: Structuring a Pitch Deck). It is common for a consultancy that is focusing on grant writing to have a network of such on-demand freelancers at their disposal and this talent pool often greatly exceeds the numbers of in-house writers.

The Need for Freelancers

Most prospect EIC Accelerator or Small Business Innovation Research (SBIR) applicants are not aware of how writing is commonly outsourced and generally expect to be working with a single consultancy once a contract is signed but this is not always the case. The decision as to which writer (i.e. internal or external) will take on an application largely depends on the capacities of the respective consultancy but also on budgetary factors.

From an economic perspective, most full-time employees of a consultancy are better utilized in the management and editing of proposals rather than in the writing itself. This is due to the fee’s that are normally paid to freelancers which can be much lower compared to those of a full-time employee. This system is a very useful way for consultancies to increase their own capacities but also for having a diverse pool of expertise at their disposal.

Why Freelancers are Working On-Demand

Such a set-up is typically a win-win scenario for both the freelancers and the consultancies since the former have a need to find work while the latter requires additional capacities from highly qualified experts. SME’s that wish to apply to the EIC Accelerator with the help of a consultancy likewise benefit from a broad pool of expertise while no excellent project has to be rejected due to a lack of capacities.

There are distinct reasons as to why this industry can operate in such a way and they are largely originating from the freelancers themselves who happily work in a remote capacity as on-demand talent. The following presents a shortlist of why this is the status quo and what could trigger a future change in this sector.

1. Freedom

One of the biggest reasons as to why freelancers choose to work as independent contractors is their general desire for more freedom in their working relationships. This can be due to a variety of factors such as a preference for working alone, the ambition to build up diverse revenue streams or also the inability to comply with office-work requirements such as relocating to a certain region, language-barriers or related obstacles.

Another often overlooked factor of freelancing is also the ability to decline projects and to select clients carefully. This is especially important in a highly competitive sector such as innovation grant writing since many startups who are determined to apply for the grant lack the prerequisites to be successful. The general eligibility requirements by the European Commission (EC) and European innovation Council (EIC) can give companies false hope in judging their own success chances if only the EIC Accelerator template is used as a basis.

While a full-time employee has to do the work they are told and lacks the freedom to make independent decisions, a freelancer can always decline projects and allocate their time according to their own needs.

2. Work Focus

A consultancy has to do a variety of tasks outside of providing their actual service and these additional areas come in the form of marketing, legal obligations, project management and administration. Freelancers often lack the time and resources to fulfil all of these additional requirements since providing a service such as professional grant writing is already a full-time occupation. Adding client contacts, project assessments and contractual processes to the list of tasks is often overloading an individual writer.

3. Visibility

Most freelancers have no visibility in the industry, lack the opportunity to meet clients, are inexperienced in finalising contracts, do not operate based on customer-first principles and are unfamiliar with the client assessment process (read: Assessing a Project). As a result, they are usually pigeonholed as writers who lack the skillset to expand beyond this occupation.

It is also often the case that writers rely strongly on editorial support from senior consultants when preparing a project since not every writer has the expertise to develop strategies for complex projects or has a learning-oriented approach to their work which would allow them to growth over time.

4. Dynamic Industry

Innovation grants and especially the EIC Accelerator are constantly evolving with changing proposal templates, evaluation processes via the European Agency for SME’s (EASME), submission requirements and even the eligibility thresholds for startups themselves (read: Proposed 2021 Process). In a dynamic industry like this, placing time and effort into administrative and operational tasks such as information gathering and communication with other experts is a must but often exceeds the capabilities of freelancers.

With uncertain future conditions, fluctuating demands and no guarantees with respect to the continuation of a grant program, most writers are preferring to collaborate with a consultancy and have a simplified work-load as well as a higher level of security even if this is to the detriment of their professional growth.

How The Industry Could Change

The current state of the EIC Accelerator grant writing industry is well-balanced and in no need for a change but there are some ways that could improve the standing of writers and also enable more transparency for startups and SME’s. The first step in such a scenario would be to bring the self-employed writers themselves out from the background and enable them to gain more visibility which can lead to them developing direct client relationships without the reliance on large consultancies.

This approach would allow writers who are exceptional at their craft to focus on writing while they can build closer customer relationships and be more dedicated to each individual project rather than writing many grant applications per deadline (read: EIC Accelerator Cut-Offs).

For this purpose, every freelancer should develop the skills of going beyond what is required since each project and client can present unique circumstances that have to be addressed. Instead of only performing the minimum amount of effort, a writer should be dedicated to the common goal they share with their client which includes working on improving the proposal’s evaluation rather than only meeting contractual terms.

Are you a freelancer? Feel free to sign up here: Freelancer Database.

This article was last modified on Feb 14, 2021 @ 18:22

These tips are not only useful for European startups, professional writers, consultants and Small and Medium-Sized Enterprises (SME) but are generally recommended when writing a business plan or investor documents.

Deadlines: Post-Horizon 2020, the EIC Accelerator accepts Step 1 submissions now while the deadlines for the full applications (Step 2) under Horizon Europe are:

  • Step 1 (short proposal)
    • open now
  • Step 2 (business plan)
    • 1st cut-off: (early 2024)
    • 2nd cut-off: -
    • 3rd cut-off: -
    • 4th cut-off: -
  • Step 3 (interview)
    • 1st cut-off: -
    • 2nd cut-off: -
    • 3rd cut-off: -
    • 4th cut-off: January 29th to February 9th 2024 (extended again)

The Step 1 applications must be submitted weeks in advance of Step 2. The next EIC Accelerator cut-off for Step 2 (full proposal) can be found here. After Brexit, UK companies can still apply to the EIC Accelerator under Horizon Europe albeit with non-dilutive grant applications only - thereby excluding equity-financing.

Contact: You can reach out to us via this contact form to work with a professional consultant.

EU, UK & US Startups: Alternative financing options for EU, UK and US innovation startups are the EIC Pathfinder (combining Future and Emerging Technologies - FET Open & FET Proactive) with €4M per project, Thematic Priorities, European Innovation Partnerships (EIP), Innovate UK with £3M (for UK-companies only) as well as the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants with $1M (for US-companies only).

Any more questions? View the Frequently Asked Questions (FAQ) section.

Want to see all articles? They can be found here.

For Updates: Join this Newsletter!


by Stephan Segler, PhD
Professional Grant Consultant at Segler Consulting

General information on the EIC Accelerator template, professional grant writing and how to prepare a successful application can be found in the following articles:

A Quick FTO Guide for EIC Accelerator Applicants in a Rush

2023 Budget Allocations for EIC Pathfinder, Transition and Accelerator

Developing the Unique Selling Points (USP) for the EIC Accelerator

Explaining the Resubmission Process for the EIC Accelerator

A Short but Comprehensive Explanation of the EIC Accelerator

EIC Accelerator Success Cases

Deciding Between EIC Pathfinder, Transition and Accelerator

A Winning Candidate for the EIC Accelerator

EIC Accelerator Interview Preparation Process: Scripting the Pitch (Part 1)

EIC Accelerator, Horizon Europe, Phase 2, SME Instrument / EIC Accelerator

How a Consultant can Produce an EIC Accelerator Pitch Video Remotely (SME Instrument) – Part 1

In 2021, the new EIC Accelerator blended financing program (formerly SME Instrument Phase 2 – grant and equity financing) will include a more sophisticated 3-step evaluation process which includes a pitch video (read: Proposed 2021 EIC Accelerator Process). This will likely place an additional burden on Small- and Medium-Sized Enterprises (SME) and professional writers or consultancies since video production is rarely part of their established skill set (read: Pitch Video).

While the pitch video is an interesting addition to the evaluation process, it is also a new challenge for early-stage startups who often lack the funds for video production or DeepTech companies who are less focused on marketing compared to a digital innovator. Additionally, producing a video can take a lot of time and, as opposed to written content or a pitch deck for the interviews, it must be created in person which places a significant burden on both startups and consultancies.

Implications of the Pitch Video

Just by introducing the pitch video, the European Innovation Council (EIC) has directly increased the reliance of startups on consultancies which, in many cases, have to perform an in-person video production (read: Relying on Consultants). Unfortunately, adding another layer of expertise to the evaluation process only widens the gap between an excellent project and a funded project since consultancy support becomes increasingly indispensable for applicants.

The greatest challenge for new applicants will come in the form of planning the video creation since, while editing a proposal over multiple re-submissions is common, re-editing a video is resource-intensive if it includes additional video production. As a result, the video should be perfect right from the start which means that the narrative of the project and proposal have to be perfected in the beginning so that the correct footage can be collected in a single day and does not need to be re-recorded continuously. More than anything, planning the video production will become a major burden for applicants.

Even if a company is working with an expert video production team, understanding what a resulting pitch video must contain and synchronizing its message with the written application and pitch deck will be a challenge. Often, companies are in a position of having limited funds, limited grant writing experience and have a lack of video footage or production skills. In such a situation, creating a framework to simplify the process of a remote and lean video production should be a must for the EIC and European Commission (EC).

1. Remote Video Production Workflow

Since the official proposal template and documentation are likely unable to provide suitable guidance for applicants, this article will present a proposed workflow for the creation of a pitch video in a remote fashion. Preparing a video remotely will remain the most efficient way for both consultancies and applicants but there are a variety of barriers to this workflow. The following is a shortlist of concerns from clients:

  • There is no video footage available
  • The company has no camera or related equipment
  • The team lacks video production skills or suitable contractors
  • The team is unable to script a video
  • All employees are working remotely and are not in the same city or country
  • The team is unfamiliar with editing software such as Adobe Premiere Pro

These points can be a challenge but are still surmountable through meticulous planning and guidance from a consultancy, writer or freelancer.

1.1 Planning the Process

The normal work-flow when collaborating with a consultancy or writer is to start with a prolonged Kick-Off Meeting (KOM) to discuss the project with the founders of the company and the writing-team. This precedes every other task and has the purpose of bringing everyone on the same page while defining the project and its scope.

Adjusting this process to include video scripting can simply be done by taking the time to define the core messages that need to be communicated for a particular project (read: How to Script a Pitch Video). These should be customized to every startup since the ingenious aspects of a technology or business model will likely vary greatly from company to company.

This article continues in Part 2.

This article was last modified on Feb 4, 2021 @ 14:08

These tips are not only useful for European startups, professional writers, consultants and Small and Medium-Sized Enterprises (SME) but are generally recommended when writing a business plan or investor documents.

Deadlines: Post-Horizon 2020, the EIC Accelerator accepts Step 1 submissions now while the deadlines for the full applications (Step 2) under Horizon Europe are:

  • Step 1 (short proposal)
    • open now
  • Step 2 (business plan)
    • 1st cut-off: (early 2024)
    • 2nd cut-off: -
    • 3rd cut-off: -
    • 4th cut-off: -
  • Step 3 (interview)
    • 1st cut-off: -
    • 2nd cut-off: -
    • 3rd cut-off: -
    • 4th cut-off: January 29th to February 9th 2024 (extended again)

The Step 1 applications must be submitted weeks in advance of Step 2. The next EIC Accelerator cut-off for Step 2 (full proposal) can be found here. After Brexit, UK companies can still apply to the EIC Accelerator under Horizon Europe albeit with non-dilutive grant applications only - thereby excluding equity-financing.

Contact: You can reach out to us via this contact form to work with a professional consultant.

EU, UK & US Startups: Alternative financing options for EU, UK and US innovation startups are the EIC Pathfinder (combining Future and Emerging Technologies - FET Open & FET Proactive) with €4M per project, Thematic Priorities, European Innovation Partnerships (EIP), Innovate UK with £3M (for UK-companies only) as well as the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants with $1M (for US-companies only).

Any more questions? View the Frequently Asked Questions (FAQ) section.

Want to see all articles? They can be found here.

For Updates: Join this Newsletter!


by Stephan Segler, PhD
Professional Grant Consultant at Segler Consulting

General information on the EIC Accelerator template, professional grant writing and how to prepare a successful application can be found in the following articles:

A Quick FTO Guide for EIC Accelerator Applicants in a Rush

2023 Budget Allocations for EIC Pathfinder, Transition and Accelerator

Developing the Unique Selling Points (USP) for the EIC Accelerator

Explaining the Resubmission Process for the EIC Accelerator

A Short but Comprehensive Explanation of the EIC Accelerator

EIC Accelerator Success Cases

Deciding Between EIC Pathfinder, Transition and Accelerator

A Winning Candidate for the EIC Accelerator

EIC Accelerator Interview Preparation Process: Scripting the Pitch (Part 1)

EIC Accelerator, Horizon Europe, Phase 2, SME Instrument / EIC Accelerator

Tips to Quickly Improve Grant Writing (EIC Accelerator, SME Instrument)

Writing an EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity financing) application can be difficult for startups and Small- and Medium-Sized Enterprises (SME) (read: Writing Internally). This can be due to a variety of factors such as a lack of grant writing experience, an absent business plan or simple time restrictions. Startups often lack the expertise exhibited by consultancies or professional grant writers but there are ways to quickly improve grant writing skills for those unaccustomed to it.

Since the European Innovation Council (EIC) and the European Commission (EC) do not provide useful guidance in this regard, the following list presents a guideline as to how companies can improve their grant writing ahead of a successful EIC Accelerator application.

Learning by Example

One of the fastest ways to improve grant-writing is to study examples of successful applications which can act as a template for the structure and design of such an application. Examples are usually very guarded since they are subject to secrecy and Non-Disclosure Agreements (NDA) which prohibit their free circulation. Nonetheless, studying them remains the fastest way of improving grant writing and is usually superior to using the official proposal template (read: The Biggest Proposal Writing Mistakes).

A potential strategy for obtaining examples could be to directly contact beneficiaries (read: Finding EIC Accelerator Results) who might share their proposal after an NDA is signed or to work for consultancies as a freelancer in order to be taught by them and receive examples. The latter is, of course, quite the detour from the original plan and unfeasible in most cases but the former method can be quite useful if one of the beneficiaries happens to be a partner, collaborator or is acquainted with a member of the management team.

Outside of these methods, examples are also provided by some consultancies (i.e. find them here on Segler Consulting) who provide proposal examples to prospect EIC Accelerator grant beneficiaries.

Studying Business Plans

The next best thing after an exemplary grant application is a high-level business plan which is easily accessible and can provide a great resource for grant writing. Business plan examples are usually offered for free from a variety of sources such as consultancies, business accelerators or investment companies while supporting guidelines are also a great way to rapidly improve grant writing.

What such business plans are often lacking is a focus on storytelling, a narrative that is aligned to the European Union’s (EU) politics as well as social and environmental analyses. These present an additional layer of expertise that business plans rarely include but that is relevant to European Agency for SME’s (EASME) evaluators (read: EU Funding Buzzwords).

Learning Storytelling

Storytelling, as it is often neglected in business writing, is an important skill to focus on in successful grant applications. It should not be confused with the type of storytelling found in novels or non-fiction books but has to be viewed as a continuous thread inside a story-line. It has to be consistent inside a narrative and is taking the reader from a starting point (i.e. the market problem) to the desired end-point (i.e. the innovative solution). Good resources for this are scientific articles since these routinely have to address political issues, policy targets or significant economic and societal problems that need to be solved.

Great resources for this are any chemistry, biology, biochemistry, pharmaceutical or physics journals since papers from these fields often have to appease grant providers with very elaborate and often far-fetched introductions (i.e. a new synthesis that will cure cancer). Due to the limited space in such publications, these articles are likewise excellent learning tools when it comes to a comprehensive narrative with an optimised word-economy (read: A Proposal Narrative & EIC Accelerator Story-Telling).

Learning Illustration

A business plan and a scientific paper, in combination, are often a great start for the preparation of a successful EIC Accelerator grant application but an important part that can easily be neglected is the use of illustrations (read: Design Resources for Grants & Creating Images). This becomes important not only due to the increase of visualisations and storytelling via appealing and clear graphics but is also essential due to the limited attention and time of the European Agency for SME’s (EASME) evaluators. These will have to go through multiple applications in short periods while images can greatly enhance their experience which, as a result, improves the evaluation outcome.

The practising of graphic design can be performed in parallel to the writing process and there are a variety of resources on sites such as YouTube or Udemy that provide simple tutorials for Adobe Illustrator or Corel Draw (read: Software to Use).

Involvement of the Management Team

Lastly, one of the simplest ways to quickly improve grant writing is to gain support from the entire management team of the applying company. This might sound like an odd recommendation but, from experience, the more the CEO, CTO and CFO are involving themselves in a proposal, the better the outcome will be. This is essential as it is often the case that proposals are rushed, outsourced in the last minute or neglected which significantly impedes the success chances of a competitive grant such as the EIC Accelerator.

Summary

Whenever a company is able to succeed in the EIC Accelerator then it is usually enabled by grant writing experience (i.e. internally or via hiring a consultant), expertise in preparing business plans and very strong involvement of the entire management team to perfect each proposal section (read: Writing Grant Applications Internally).

In summary, the following aspects can greatly increase the success chances of written grant applications:

  • Studying Business Plans – Business plans are the skeleton of any for-profit grant application and have to be practised in-depth.
  • Learning Storytelling – Storytelling is important for grant writing due to the politics involved in the evaluation process as well as the focus on high-impact projects.
  • Learning Illustration – Illustrations are a great tool to communicate ideas quickly and to compensate for the limited time and expertise exhibited by evaluators.
  • Involvement of the Management Team – Involving the founders and leaders of a company in the grant writing is an absolute must if a project wants to have high success chances.

This article was last modified on Dec 30, 2020 @ 11:43

These tips are not only useful for European startups, professional writers, consultants and Small and Medium-Sized Enterprises (SME) but are generally recommended when writing a business plan or investor documents.

Deadlines: Post-Horizon 2020, the EIC Accelerator accepts Step 1 submissions now while the deadlines for the full applications (Step 2) under Horizon Europe are:

  • Step 1 (short proposal)
    • open now
  • Step 2 (business plan)
    • 1st cut-off: (early 2024)
    • 2nd cut-off: -
    • 3rd cut-off: -
    • 4th cut-off: -
  • Step 3 (interview)
    • 1st cut-off: -
    • 2nd cut-off: -
    • 3rd cut-off: -
    • 4th cut-off: January 29th to February 9th 2024 (extended again)

The Step 1 applications must be submitted weeks in advance of Step 2. The next EIC Accelerator cut-off for Step 2 (full proposal) can be found here. After Brexit, UK companies can still apply to the EIC Accelerator under Horizon Europe albeit with non-dilutive grant applications only - thereby excluding equity-financing.

Contact: You can reach out to us via this contact form to work with a professional consultant.

EU, UK & US Startups: Alternative financing options for EU, UK and US innovation startups are the EIC Pathfinder (combining Future and Emerging Technologies - FET Open & FET Proactive) with €4M per project, Thematic Priorities, European Innovation Partnerships (EIP), Innovate UK with £3M (for UK-companies only) as well as the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants with $1M (for US-companies only).

Any more questions? View the Frequently Asked Questions (FAQ) section.

Want to see all articles? They can be found here.

For Updates: Join this Newsletter!


by Stephan Segler, PhD
Professional Grant Consultant at Segler Consulting

General information on the EIC Accelerator template, professional grant writing and how to prepare a successful application can be found in the following articles:

A Quick FTO Guide for EIC Accelerator Applicants in a Rush

2023 Budget Allocations for EIC Pathfinder, Transition and Accelerator

Developing the Unique Selling Points (USP) for the EIC Accelerator

Explaining the Resubmission Process for the EIC Accelerator

A Short but Comprehensive Explanation of the EIC Accelerator

EIC Accelerator Success Cases

Deciding Between EIC Pathfinder, Transition and Accelerator

A Winning Candidate for the EIC Accelerator

EIC Accelerator Interview Preparation Process: Scripting the Pitch (Part 1)

EIC Accelerator, Horizon Europe, Phase 2, SME Instrument / EIC Accelerator

How to Create Pitch Videos for the EIC Accelerator (SME Instrument Phase 2)

The European Commission (EC) and the European Innovation Council (EIC) are planning major changes to the EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity financing) application process whereas the introduction of video pitches is expected (read: EIC 2021). These can present a new challenge for prospect EIC Accelerator beneficiaries since video production, marketing and content creation are not always part of small DeepTech startups or Small- and Medium-Sized Enterprises (SME) who are heavily focusing on research and development (R&D) work.

Additionally, consultants and professional writers alike now have an additional layer of skills that are required of them. These extend to the areas of video production, editing and the planning of filming scenarios. This article presents a short guide on the types of videos that could be prepared for an EIC Accelerator video pitch but restrictions regarding the content might be imposed by the European Union (EU) and the EIC in 2021.

1. Explainer-Type Videos

Explainer-type videos are very popular and easy to produce since they require no on-screen presence and can be entirely prepared on a computer. Such a video tells a story with animations and a voice-over which can take the viewer on a journey that provides all the information needed to understand a certain project.

The essential steps in creating an explainer video are the clear planning of the videos outline, the writing of a script and the decision-making for the desired look. Producing such a video in-house can be a challenge for most startups but there are free tools available that can aid in such a preparation.

1.1 Tools needed for in-house production

1.2 Outsourcing

Both the animation and the voice-overs can easily be outsourced via sites such as Upwork and Freelancer while the writing of the script should be done by the management team of the startup to assure clear communication and high quality.

2. Interview-Type Videos

A very easy to produce, informative and useful type of video is a simple interview which can be ideal for founders that are not used to being filmed and have a low budget but are good communicators. The team can simply prepare questions in advance that cover the innovation, team and business model while recording a large quantity of footage that can later be edited into a perfectly concise explanation of the project.

For such videos, choosing a great location (i.e. a bright and large office space) and assuring that the set has a pleasant look (i.e. lighting, backdrop, symmetry and background) will be very easy to do and significantly increase the quality of the video production. For the final editing, it is useful to remove all of the interview-questions and only focus on the explanations so that the final result is a clean and clear presentation of the project.

2.1 Tools needed for in-house production

2.2 Outsourcing

Outsourcing can be pricy if a video production team is hired and needs to be on-site to perform their work. If the management team is confident in their communication and filming skills, they can prepare all of the footage themselves and only outsource the video editing and animations (i.e. for titles, intros and transitions) which can be done remotely and is much less costly.

3. Hardware Footage

Depending on the type of technology, it can be advisable to film footage of the production processes, factories and hardware to illustrate the function of the innovation. This is an essential part of a video if the product is very hardware-heavy and if the main Technology Readiness Level (TRL) milestones have strongly focused on hardware parts. Read: How the EIC Accelerator Funds Technology Readiness Levels

Similar to interviews, such videos can easily be produced by companies themselves since they only require a video camera and some editing skills. Since sound is usually not needed, a microphone would only be required when voiceovers are prepared.

3.1 Tools needed for in-house production

  • DSLR or Smartphone
  • Adobe Premiere Pro

3.2 Outsourcing

Just like an interview-type video, hardware filming can be outsourced to a professional production team or partially outsourced to save costs if only editing support is needed.

4. Pitch Voice-Over

This is likely one of the easiest ways to prepare a pitch video and is expected to be the default for most companies due to its simplicity. A management team can use their existing pitch deck to record a call-like pitch session where the presented visual material is focusing exclusively on the pitch deck while the management team is only displayed with a webcam.

This approach requires no specialised skills and a video could even be recorded directly in Zoom, Skype or similar video-call software. A pitch deck can be prepared through programs such as Adobe InDesign or Microsoft PowerPoint and be used as-is.

4.1 Tools needed for in-house production

  • Microphone
  • Microsoft PowerPoint or Adobe InDesign (read: Adobe InDesign)
  • Webcam
  • Adobe Premiere Pro or Video Call Software

4.2 Outsourcing

Outsourcing of such a video production is not advised since any financial investments would be better spent on animations, voice-overs or the editing of footage.

5. Third-Party Footage

Lastly, for the lucky companies that have already been featured extensively in news, TV, media or online outlets, the respective footage can be used to edit a short profile of the project and management team. The publically available material can be downloaded and re-edited in Premiere Pro to quickly prepare a professional video.

5.1 Tools needed for in-house production

  • Adobe Premiere Pro

5.2 Outsourcing

Outsourcing can be performed for the editing process whereas the footage can be sent to a freelancer and they will create a video based on pre-defined specifications (i.e. what footage to include and how to structure it).

6. Summary

The following general video-types can be produced by startups to create a short video on their project and business:

  • Explainer-Type: Animations that guide the viewer through the story and details of the project
  • Interview-Type: Interviews with the founders to give a general overview.
  • Hardware Footage: Hands-on visuals of the product, the manufacturing and related physical aspects of the technology
  • Pitch Deck Recording: A simple recording of an online pitch without expensive production
  • Existing Footage: An edited version of existing media footage already available to the respective company

A mix of different options is highly advisable whereas a mix of the interviews, hardware footage and/or animations can create a professional-looking and easy to digest introduction for a disruptive innovation and company.

This article was last modified on Feb 19, 2023 @ 23:33

These tips are not only useful for European startups, professional writers, consultants and Small and Medium-Sized Enterprises (SME) but are generally recommended when writing a business plan or investor documents.

Deadlines: Post-Horizon 2020, the EIC Accelerator accepts Step 1 submissions now while the deadlines for the full applications (Step 2) under Horizon Europe are:

  • Step 1 (short proposal)
    • open now
  • Step 2 (business plan)
    • 1st cut-off: (early 2024)
    • 2nd cut-off: -
    • 3rd cut-off: -
    • 4th cut-off: -
  • Step 3 (interview)
    • 1st cut-off: -
    • 2nd cut-off: -
    • 3rd cut-off: -
    • 4th cut-off: January 29th to February 9th 2024 (extended again)

The Step 1 applications must be submitted weeks in advance of Step 2. The next EIC Accelerator cut-off for Step 2 (full proposal) can be found here. After Brexit, UK companies can still apply to the EIC Accelerator under Horizon Europe albeit with non-dilutive grant applications only - thereby excluding equity-financing.

Contact: You can reach out to us via this contact form to work with a professional consultant.

EU, UK & US Startups: Alternative financing options for EU, UK and US innovation startups are the EIC Pathfinder (combining Future and Emerging Technologies - FET Open & FET Proactive) with €4M per project, Thematic Priorities, European Innovation Partnerships (EIP), Innovate UK with £3M (for UK-companies only) as well as the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants with $1M (for US-companies only).

Any more questions? View the Frequently Asked Questions (FAQ) section.

Want to see all articles? They can be found here.

For Updates: Join this Newsletter!


by Stephan Segler, PhD
Professional Grant Consultant at Segler Consulting

General information on the EIC Accelerator template, professional grant writing and how to prepare a successful application can be found in the following articles:

A Quick FTO Guide for EIC Accelerator Applicants in a Rush

2023 Budget Allocations for EIC Pathfinder, Transition and Accelerator

Developing the Unique Selling Points (USP) for the EIC Accelerator

Explaining the Resubmission Process for the EIC Accelerator

A Short but Comprehensive Explanation of the EIC Accelerator

EIC Accelerator Success Cases

Deciding Between EIC Pathfinder, Transition and Accelerator

A Winning Candidate for the EIC Accelerator

EIC Accelerator Interview Preparation Process: Scripting the Pitch (Part 1)