You are ready for the EIC Accelerator (SME Instrument Phase 2) when you know that your project is feasible and what your target market looks like. In addition, you already have a working prototype / demonstrator that requires only minor further development. In the next two years, your focus will be on optimization, the development of a commercialization strategy and the start of the market launch.
On the one hand, necessary work steps towards a product that is ready to conquer the market funded:
On the other hand, activities are also supported to develop a commercialisation and financing strategy with regard to market introduction:
Blended Finance Option: In addition to funding of up to 2.5 million €, companies can apply for a further 15 million € equity capital. Equity capital is to cover work packages that are no longer funded (further than TRL 8). For this, the EU will acquire a maximum of 25% of the shares in the company through a silent participation and will not intervene in any decisions. There will be a simplified due diligence for companies in the blended finance option.
These are structured as follows:
Personnel costs (person months x gross salary)
+ Travel expenses (to customers, trade fairs, partners, ...)
+ Materials (e.g. for production, tests, marketing, certifications, training, ...)
+ Equipment (depreciation during the project)
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= direct project costs
+ Overhead rate (surcharge of 25% of the direct project costs)
+ External services (costs for external service providers)
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= Total project costs
Funding: 70% of the total project costs
Mandatory elements:
Optional elements:
Deadlines | 08.01.2020 | 18.03.2020 | 19.05.2020 | 07.10.2020 |
Interviews | 17.-21.02. | 11.-20.05. | 29.06.-08.07. | 16.-20.11. |
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