We are specialists in innovation project proposals under the Horizon 2020 framework. We are focussed on close-to-market innovation projects. Our clients are innovative small-medium sized enterprises (SMEs) and start-ups who need to obtain the funding necessary to fill the 1-2 years gap from commercialising a new product/service.
The EIC Accelerator (SME Instrument) supports high-risk, high-potential small and medium-sized enterprises and innovators to help them develop and bring onto the market new innovative products, services and business models that could drive economic growth. Selected companies receive non-refundable funding (up to €2.5 million) and optional equity (up to €15 million) and are offered business coaching and mentoring to scale up their innovation idea. They get extra acceleration services to connect with investors, corporates and likeminded entrepreneurs. Unlike other European funding schemes, an individual SME can apply for the EIC Accelerator funding and does not need to assemble a consortium. The attractive possibility for SMEs to participate without a consortium has transformed the EIC Accelerator into the most competitive funding scheme with a approval rate between 3% and 5%.
This is why we turn down many projects that, despite being excellent business ideas, do not demonstrate sufficient market maturity or alignment with EC strategic objectives. Since we are a small company fully committed with our clients’ projects, we have to give the entrepreneur true feedback on their chances – we will not engage in a project where we are not fully convinced we can succeed.
Fast Track to Innovation (FTI) – EC
The Fast Track to Innovation (FTI) provides funding for bottom-up proposals for close-to-market innovation activities in any area of technology or application. Proposals for funding must be submitted by consortia comprising between three and five legal entities established in at least three different EU Member States. Time-to-grant for participants is targeted to be six months at most. The maximum EU contribution per action amounts to €3 million. Substantial industry involvement in FTI actions is mandatory to ensure quick market take-up (‘quick’ meaning within a three-year period after the start of the FTI-action). This industry involvement implies:
– either the allocation of at least 60% of the budget to industry participants in the consortium,
– or the presence of a minimum number of two industry participants in a consortium of three or four partners, or of three industry participants in a consortium of five partners.
EUREKA Eurostars – EC + National funding
Eurostars is a joint programme co-funded from the national budgets of 36 Eurostars and by the European Union through Horizon 2020. Eurostars adopts a decentralised funding procedure. As such, participants do not receive funding directly from the EUREKA Secretariat or the EU. All funding to participants in approved projects is managed by their respective funding body, according to national funding rules and procedures.
– Research-performing SMEs can apply for funding under Eurostars. Other SMEs, research institutes, universities and large enterprises may also participate but the project leader must be an R&D-performing SME from a Eurostars country.
– Eurostars is open to all projects in all technology areas and market fields, but projects must have a civilian purpose.
– The consortium must include at least two partners independent from each other and established in at least two different Eurostars countries. Organisations from any other country may participate (as a third country), but only if two Eurostars countries are already in the project. Subcontractors are not considered as project partners.
– The project must be completed in 36 months or less. The Eurostars project market introduction of the project results should be within 24 months of the completion of the project.