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. Horizon 2020 Phase 1 SME Instrument / EIC Accelerator HardwareIndustries & CompaniesSME Instrument Phase 1Softwaretip#03
EIC Accelerator An Inside Look into the EIC Accelerator Fund and its Equity Financing (SME Instrument) Posted on February 5, 2021February 4, 2021 The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity financing) is a highly competitive program that is slowly evolving into a fully fletched startup financing initiative (read: EIC Accelerator Introduction). Unfortunately, the latest developments regarding its equity financing have led to confusion and criticism as it… Read More
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 Should a Company Hire a Professional Consultant or Write an EIC Accelerator Grant Application Internally? (SME Instrument Phase 2) Posted on October 12, 2020February 19, 2023 The EIC Accelerator Grant financing (SME Instrument Phase 2) is an interesting opportunity for both early-stage startups and established Small and Medium-sized Enterprises (SME) that aim to further develop an innovative product. Many prospect applicants ask themselves if they should write an application on their own or if they should… Read More