EIC STEP Scale Up Call Now Open for Innovative Projects
Exciting News: EIC STEP Scale Up Call is Here! Are you ready to take your innovative ideas to the next level? We have fantastic news for you! The EIC STEP Scale Up call is officially open, and it’s your chance to shine in the ever-evolving landscape of European innovation! What is the EIC STEP Scale Up Call? The EIC STEP Scale Up call is a game-changing opportunity as part of the EIC Accelerator, which falls under the esteemed umbrella of the European Innovation Council (EIC). This initiative is designed to support the growth and scaling of groundbreaking technologies across Europe, facilitating the transition from innovative concepts to market-ready solutions. As defined under Article 48 of the Horizon Europe Regulation – 2021/695, the call is particularly focused on projects that promise high impact and scalability in a competitive environment. Key Features You Need to Know! All provisions concerning indirect management and regulations regarding parent and holding companies will be in effect, ensuring a streamlined process for participants. This provides assurance for startups and SMEs looking to benefit from EIC funding. The Guidance Note regarding certain provisions of Regulation (EU) 2024/795, which establishes the Strategic Technologies for Europe Platform (STEP), will play a pivotal role in guiding participants through the application process and funding allocation. This call will also align with recent amendments focused on clarity and support for potential applicants, reinforcing the EIC’s commitment to fostering innovation. Why Participate? By engaging with the EIC STEP Scale Up call, you are not merely applying for funding; you are becoming part of a larger movement to foster innovation in Europe! This is your opportunity to: Access crucial funding: The EIC Accelerator offers both equity and non-dilutive funding options, allowing you to secure the necessary resources to scale your venture effectively. Join a network of like-minded innovators: Connect with other startups and SMEs, share experiences, and collaborate on groundbreaking projects that can reshape industries. Make a tangible impact in your field: Your innovation can create job opportunities, foster economic growth, and contribute to the sustainability goals outlined by the EU. Stay Informed and Get Ready! Being well-prepared is key to a successful application. Make sure to review the Regulation (EU) 2024/795, which is set to enhance the framework for strategic technology initiatives. Familiarizing yourself with the EIC Accelerator application process, evaluation criteria, and best practices can significantly increase your chances of success. Additionally, it is advisable to seek EIC Accelerator coaching services, which can provide invaluable insights and tailored advice on how to navigate the funding landscape effectively. Important Dates and Opportunities! As you prepare your application, stay alert for the EIC Accelerator application deadline for 2025. Planning ahead ensures that you have ample time to develop a robust proposal and align your project with the EIC’s strategic objectives. Remember, the EIC Accelerator 2025 aims to enhance support for deep tech startups and SMEs, making it crucial for you to position your project effectively within this context. In Conclusion This is your moment to accelerate your project and transform it into a success story. The EIC STEP Scale Up call is your gateway to scaling up and achieving your goals. It serves as a part of the broader EIC funding ecosystem, which also includes the EIC Pathfinder and EIC Transition programs. Each of these initiatives is designed to support various stages of innovation, from early-stage concept development to market entry. Don’t miss out on this golden opportunity! Get ready, get set, and let’s innovate together! Your journey toward success starts now!
EIC STEP Scale Up Call: Funding Opportunities for Startups and SMEs in Europe
Exciting Opportunities Await with the EIC STEP Scale Up Call! Are you ready to take your innovative project to the next level? The EIC STEP Scale Up call is here to offer you an incredible chance to secure funding and make your vision a reality! With an indicative budget of EUR 300 million for 2025, expected to soar to a whopping EUR 900 million for the period 2025-2027, this is your moment to shine! Why This Call Matters The importance of this call cannot be overstated! In our fast-paced global environment, the European Union is committed to reducing technological dependencies and enhancing strategic autonomy. This call specifically targets priority technology areas, ensuring that we build on our strengths while addressing vulnerabilities. By participating in the EIC STEP Scale Up call, you actively contribute to safeguarding the Union’s strategic assets and interests. Furthermore, the call aligns with the broader objectives of the European Innovation Council (EIC), which aims to support groundbreaking ideas and innovative startups through various funding initiatives, including the EIC Accelerator and EIC Pathfinder. Your innovative solutions could potentially lead to advancements in areas such as green technologies, artificial intelligence, and biotech—all of which are pivotal for Europe’s future competitiveness. Who Can Apply? Are you a passionate innovator ready to disrupt the status quo? If so, this call is for you! However, keep in mind that to receive funding, your proposal must meet certain admissibility and eligibility conditions outlined in Annex 2. Notably, recipients must not be directly or indirectly controlled by a non-associated third country, reflecting the EIC’s commitment to fostering a vibrant ecosystem of European innovation. This initiative supports our home-grown talent while ensuring that the innovation landscape remains robust and self-sustaining. Small and medium-sized enterprises (SMEs), startups, and entrepreneurs looking for European startup funding opportunities should not miss this chance. This is an ideal opportunity for organizations that have previously sought EIC grants or participated in the EIC Accelerator program. What’s in it for You? So, what kind of support can you expect if your proposal gets the green light? The EIC STEP Scale Up call invests in your success through equity-only investments, managed by the EIC Fund. This funding framework differs from traditional grant mechanisms, as it is designed to support companies that are prepared to scale seriously. You can apply for an investment ranging from EUR 10 million to EUR 30 million, with the expectation of co-investing in a funding round aimed at achieving at least three to five times your requested EIC contribution. This approach fosters collaboration with private investors, ensuring that your project has not only the financial backing it needs but also the strategic support to grow sustainably. It’s an exciting time for European deep tech funding—and the EIC STEP Scale Up call is your gateway to this landscape! Tailored Investment for Your Needs The best part? Each investment is tailored specifically to your company’s unique requirements, negotiated on a case-by-case basis in adherence to the EIC Fund Investment Guidelines. This alignment with your business objectives ensures that we’re not just providing funding—but partnering with you in your journey to success. Through the EIC Accelerator, applicants may also benefit from access to valuable coaching services, which can significantly enhance the likelihood of securing funding. Moreover, understanding the EIC Accelerator evaluation criteria will play a crucial role in your proposal’s success. Ensure that your application demonstrates a clear understanding of the market, your competitive edge, and how the funding will facilitate your growth strategy. Gaining insights into best practices for EIC Accelerator application can further improve your chances of receiving a positive evaluation. Don’t Miss Out! With the EIC STEP Scale Up call, you have the opportunity to be part of a transformative movement in the EU’s innovation landscape. It’s time to harness your potential, reduce dependencies, and pave the way for a secure and autonomous future for our Union! The EIC is committed to supporting innovative projects that align with the goals of Horizon Europe and other EU funding programs. Before you begin, make sure you know how to apply for the EIC Accelerator. Prepare your proposal with the utmost care and attention to detail. The EIC Accelerator application deadline 2025 is approaching fast, so gather your team and get ready to present your groundbreaking ideas! The future of innovation is in your hands, and the EIC is here to support you every step of the way. Let this be the catalyst for your success—apply now and join the ranks of those who dare to dream big! In conclusion, the EIC STEP Scale Up call represents a unique opportunity for startups and SMEs to embark on a journey toward growth and success in the European landscape. Don’t let this chance pass you by—apply today and make your mark in the world of innovation!
EIC Fund: Funding and Support Opportunities for European Startups and SMEs
Exciting Opportunities Await with the EIC Fund! Are you ready to take your innovative project to the next level? The European Innovation Council (EIC) Fund is here to help you turn your groundbreaking ideas into reality! Designed to support startups and SMEs across Europe, the EIC Fund provides a unique blend of non-dilutive funding through grants and equity investments. After a thorough due diligence process and a decision by the EIC Fund Investment Committee, your investment agreement will pave the way for potential growth and success. Venture Debt Support Awaits! If you’ve expressed interest and given your consent, we’re thrilled to let you know that the relevant information from your proposal will be shared with InvestEU implementing partners for Venture Debt support! This is an incredible opportunity to secure financing and boost your venture. With conditions tailored to your startup’s needs, venture debt can provide the necessary capital without diluting your equity, which is especially beneficial for deep tech startups looking for sustainable growth. How Does the EIC Select Proposals? The EIC is committed to ensuring that all eligible proposals are given a fair shot! Evaluation begins with your EIC Accelerator application, which is rigorously examined by leading experts. Proposals are assessed based on their innovation potential, market impact, and scalability. The competitive environment means that only the best ideas will rise to the top! Fast-Track Your Proposal with the EIC STEP Scale Up Call! The EIC STEP Scale Up Call is an exciting chance to submit your proposal using a “first come, first served” approach. But that’s not all—juries will consider the overall budget available for the full year, limiting recommendations to 70% of the budget within the first six months. This means that early birds get the chance to shine! Make sure to keep an eye on the EIC Accelerator application deadline 2025 to avoid missing out on this competitive opportunity. Assessment Criteria and Outcomes Each proposal will be rigorously assessed based on a set of award criteria. The EIC Jury may focus on any aspect of your proposal during interviews, ensuring a comprehensive evaluation. Based on your interview and overall assessment, the Jury can recommend one of three outcomes: GO and Sovereignty (STEP) Seal: Your proposal meets all the evaluation criteria and is highly recommended for a potential equity investment! Imagine receiving the esteemed Sovereignty (STEP) Seal alongside access to unparalleled Business Acceleration Services. This is your chance to take significant strides toward achieving your vision! With the EIC Accelerator funding, you can transform your innovative vision into market-ready products, driving forward EU innovation. EIC Accelerator: Understanding Funding Types When considering the EIC Accelerator, it’s essential to understand the differences between EIC grants and equity funding. The EIC Accelerator provides both, catering to the varying needs of startups and SMEs across Europe. EIC Accelerator grants offer equity-free funding, making it a preferred choice for entrepreneurs seeking to minimize ownership dilution. On the other hand, equity investments allow the EIC to participate in the success of your business while providing necessary capital. Best Practices for EIC Accelerator Application As you prepare to apply, consider the following tips and strategies to strengthen your EIC Accelerator application: Ensure a clear articulation of your innovative project and its potential impact on the market. Provide a comprehensive business plan demonstrating scalability, sustainability, and commercial viability. Highlight any unique technology or deep tech innovations that set your proposal apart from competitors. Engage with EIC Accelerator coaching services for expert guidance on refining your application. European Startup Funding Opportunities The EIC Fund is part of a broader landscape of European startup funding opportunities available through various EU programs, including Horizon Europe EIC, EIC Transition funding, and the SME Instrument Phase 2. Each initiative is designed to support innovative projects, offering both financial and advisory assistance for startups and SMEs in different growth stages. Final Thoughts Remember, even though the Commission Award Decision authorizes investment amounts, successful completion of due diligence and negotiation by the EIC Fund is crucial. Investment amounts may be adjusted or rejected for justified reasons, but we believe in your potential! The EIC Accelerator success rate is a testament to the robust support system in place for innovative ideas. Don’t wait any longer! Take advantage of the amazing support from the EIC Fund and watch your innovative project soar to new heights! Embrace the opportunity to transform your vision into reality with the backing of the European Innovation Council, and connect with a network of forward-thinking entrepreneurs dedicated to making a difference.
Overview of EIC STEP Scale Up Call and Funding Opportunities for Innovators
Exciting Opportunities Ahead: The EIC STEP Scale Up Call! Get ready to be thrilled! The EIC STEP Scale Up call is here, and it’s open for business! This call presents a golden opportunity for all innovators and entrepreneurs working in the dynamic fields of digital technologies, clean and resource-efficient technologies, including those working towards net-zero solutions, and biotechnologies. If you are in the field of European deep tech funding, this is a chance you cannot miss! But wait, there’s more! The EIC is not just stopping at the current calls. A budget has been set aside to support follow-on investments for companies that have been selected in previous EIC Work Programmes. This initiative aims to nurture thriving startups and scale-ups, ensuring that once you gain traction, there is a pathway for additional financial backing. If you are one of the fortunate innovators who have already made strides, you’re in line for even more support through EIC grants! 2025: The Year of Semiconductor and Quantum Technologies Looking to the future, in 2025, the EIC is setting its sights squarely on the rapidly evolving fields of semiconductor technologies and quantum technologies. The STEP Scale Up call will emphasize larger investments in these strategic areas, especially in alignment with the Chips Act. This focus means that start-ups innovating in these cutting-edge arenas will have increased access to EIC funding and resources. Exciting times are indeed ahead! The EIC Accelerator Open Call Don’t forget, the EIC Accelerator Open call is also available to startups and SMEs across various sectors, including those in quantum and semiconductor technologies. With a commitment to fostering innovation, the EIC paves the way for a diverse range of projects to thrive. This call encourages a vibrant innovation ecosystem, ensuring that all players, from nascent startups to established SMEs, can access the financial resources they need. Innovation Prizes and More! The Work Programme is brimming with opportunities, including exciting innovation prizes and a plethora of supporting actions. This includes expert contracts, data management, communication, and IT support. The EIC is committed to fostering a thriving environment for innovators, and these prizes are a testament to that commitment. Through the EIC’s various funding schemes, participants can unlock resources that expedite their journey from concept to market-ready solutions. Connecting the Dots One of the most exciting aspects of the EIC Work Programme is its focus on maximizing linkages between various funding schemes. This includes innovative approaches like Booster grants for EIC Pathfinder and EIC Transition projects, along with the Fast Track scheme that accelerates the journey of successful projects from EU programmes to the EIC Accelerator. This interconnected approach extends the opportunities available for funding, making it more accessible for innovative startups seeking to transition from early-stage development to commercial success. A New Pilot Program: Pre-Accelerator Call! In 2025, we will also see the introduction of a pilot EIC Pre-Accelerator call as part of the Horizon Europe Work Programme. This call is specifically designed to support early-stage deep tech startups in refining their technologies, business models, and investment readiness. The Pre-Accelerator represents a pivotal moment for entrepreneurs, providing critical resources and coaching services that lay a solid foundation for further applications, particularly for the EIC Accelerator and other funding opportunities. This is your chance to get the foundation you need to successfully apply for funding! Best Practices for EIC Accelerator Applications When navigating the EIC ecosystem, understanding how to apply for the EIC Accelerator is essential. Key considerations include being familiar with the EIC Accelerator evaluation criteria, as they play a crucial role in determining the success rate of your application. It is beneficial to develop your proposal with a clear narrative that aligns with the EIC’s goals of innovation and impact. Resources such as EIC Accelerator coaching services and EIC Accelerator tips and strategies can provide invaluable assistance in crafting a compelling application. The Road Ahead: Funding Eligibility and Options As you embark on this journey, be mindful of the EIC Accelerator funding eligibility criteria. Understanding these requirements will help you position your project effectively for success. The flexibility of the EIC Accelerator, offering equity-free grants for startups alongside equity options, stands out as a significant advantage. This approach allows entrepreneurs to choose the best funding mechanism that aligns with their business strategies while retaining control over their innovations. So, whether you’re an established innovator or just starting out, the future is bright with opportunities through the EIC. Engaging with resources, connecting with the community, and leveraging available funding can significantly enhance your innovation journey. Get ready to innovate, collaborate, and make an impact!
EIC Accelerator: Funding and Support for High-Risk Innovations in Europe
Exciting Opportunities with the EIC Accelerator! Are you ready to take your high-risk, high-reward innovations to the next level? The EIC Accelerator is here to support you every step of the way! As part of the European Innovation Council, this program is designed to enhance the competitiveness of European startups and SMEs by providing essential funding and resources. With a unique evaluation process that focuses on a straightforward GO/NO GO binary scoring system, your proposals will be assessed remotely and during interviews, ensuring a streamlined and efficient journey towards market success! Understanding the EIC Accelerator The EIC Accelerator offers a combination of equity-free grants and equity investments, making it an attractive option for startups and SMEs looking to fund their innovative projects. Whether you’re developing groundbreaking technologies or pioneering new business models, EIC funding can provide the financial boost you need to scale your vision. The program targets high-impact innovations in a wide range of sectors, including deep tech, health, and sustainability. Scale Up with the EIC STEP! But that’s not all! The EIC STEP Scale Up is designed specifically for promising companies working on critical technologies. This program provides additional support for those who have already made it through the initial stages of EIC funding. Whether you’re a newcomer or a company with prior EIC support, this initiative is here to help you secure larger funding rounds to further scale your business! With an increasing demand for technological advancements, the potential to grow and make a bigger impact is more significant than ever. Championing Open Access and Intellectual Property Rights The EIC is committed to fostering a culture of open access and upholding Intellectual Property (IP) rights. This means that you can focus on your innovative solutions while knowing that your ideas and research are protected and accessible for further development. By ensuring that your IP rights are safeguarded, the EIC helps you maximize the impact of your inventions and encourages collaboration across the innovation ecosystem. Promoting Knowledge Sharing Through EIC Pathfinder With the EIC Pathfinder, we’re taking it a step further! This program ensures open access to scientific publications and actively promotes the uptake of research results. EIC Pathfinder and EIC Transition projects encourage cross-fertilization and the exploitation of results across the EIC Portfolio. This initiative aims to bridge the gap between lab research and market application, fostering an environment ripe for innovation. You might even be requested at any stage by our dedicated EIC Programme Managers to share your groundbreaking results, further amplifying your research impact! Exploring EIC Transition Funding Another vital program under the EIC banner is the EIC Transition, which focuses on advancing results from research to market-ready solutions. It supports early-stage innovations that are promising but lack the necessary investment to progress further. This funding can help you navigate the challenging landscape of transitioning from the pilot phase to full-scale commercialization. It’s an essential lifeline for innovators who need that extra push to bring their ideas to fruition. Join the EIC Community! Be a part of a dynamic community that is committed to innovation, collaboration, and making a difference. The EIC is here to empower you, connect you with like-minded innovators, and support your journey towards success! Within this network, you can share best practices, seek mentorship, and participate in valuable coaching services that can enhance your EIC Accelerator application. EIC Accelerator Application Tips and Strategies As you consider applying for the EIC Accelerator, it is essential to understand the EIC Accelerator evaluation criteria. Successful applicants often highlight their unique value proposition, market feasibility, and the potential for substantial impact. To improve your chances of success, familiarize yourself with the EIC Accelerator application deadline 2025 and prepare well in advance. Utilize the EIC Accelerator coaching services that are available to help you refine your proposal and increase your success rate. Funding Eligibility and Opportunities The EIC Accelerator offers remarkable opportunities for European startup funding, especially for those engaged in deep tech innovations. Understanding the EIC Accelerator funding eligibility requirements is crucial. The program primarily targets SMEs and startups with a strong growth potential and scalable innovations. Whether you seek non-dilutive funding for startups or are contemplating the differences between EIC Accelerator grant vs equity, the resources available can help clarify your options. Case Studies and Success Stories Many companies have successfully navigated the EIC ecosystem, turning their innovative ideas into market-ready products. Exploring EIC Accelerator case studies can provide valuable insights into the process, challenges, and triumphs experienced by past recipients. These real-world examples demonstrate the transformative power of EIC funding and can inspire you as you embark on your innovation journey. So, are you ready to innovate, scale, and share? Let’s make magic happen together with the EIC! The path to success is filled with opportunities, knowledge, and resources designed to empower you in your quest for innovation and growth!
Unlocking Global Leadership: Harnessing the EIC Strategic Technologies for Europe Platform Scale Up Call to Propel Innovative Enterprises in Digital, Cleantech, and Biotech Sectors
EIC Strategic Technologies for Europe Platform (STEP) Scale Up Call Does your company have a game-changing innovative technology focused on the development and commercialisation of a strategic technology for Europe in digital and deep tech, cleantech or biotech? Has your company already secured an initial investment, and is now looking to raise a major funding round to scale up rapidly and become a global leader? Does the successful commercialisation and scaling of your technology/innovation represent significant risks which mean that it cannot be sufficiently financed from the market investors? If you answered yes to all questions, then the EIC Strategic Technology for Europe Platform (STEP) Scale Up call could be your launchpad to success. This call provides significant funding to fuel groundbreaking innovation in strategic technologies, propelling Europe’s economic, industrial, and technological competitiveness. This is a new call that has been introduced as a pilot action following the STEP Regulation to address an important market gap in financing deep tech scale-up companies in Europe and to inform decisions on future support. Why Should You Apply? The EIC STEP Scale Up call presents a unique opportunity for ambitious scale-up companies (SMEs and small mid-caps) with game-changing innovations in Europe’s critical technology areas. It offers a powerful combination of financial and strategic support designed to propel your groundbreaking solution to the forefront of these sectors. Companies selected under the EIC STEP Scale Up call can receive investments ranging from EUR 10 to EUR 30 million. This investment can significantly accelerate the development and market launch of your technology, product, or service. With this funding, you’ll gain the power to disrupt established markets and forge new ones.
Comprehensive Overview of the EIC STEP Scale Up Call and Its Regulatory Framework Under Horizon Europe and the Strategic Technologies for Europe Platform
EIC STEP Scale Up Call Overview The EIC STEP Scale Up call is a specialized initiative under the EIC Accelerator, as stipulated in Article 48 of the Horizon Europe Regulation – 2021/695. This call has been amended by Article 17(2) of the STEP Regulation. The provisions regarding indirect management, as well as those concerning parent and holding companies, that are established under the Accelerator call are also applicable to the STEP Scale Up call. Guidance Note The Guidance Note relates to specific provisions of Regulation (EU) 2024/795, which establishes the Strategic Technologies for Europe Platform (STEP). This regulation also amends several directives and regulations, including Directive 2003/87/EC Regulation (EU) 2021/1058 Regulation (EU) 2021/1056 Regulation (EU) 2021/1057 Regulation (EU) No 1303/2013 Regulation (EU) No 223/2014 Regulation (EU) 2021/1060 Regulation (EU) 2021/523 Regulation (EU) 2021/695 Regulation (EU) 2021/697 Regulation (EU) 2021/241 The official publication can be found in the Official Journal of the European Union (OJ L, 2024/795, 29.2.2024).
Comprehensive Overview of Eligibility and Admissibility Criteria for the EIC Accelerator Module and Insights into Funding Opportunities and Strategic Considerations in Technological Investments
EIC Accelerator Module: Understanding Admissibility and Eligibility Conditions The applicable admissibility and eligibility conditions are detailed in Annex 2 unless otherwise stated in this call. Specific Conditions In order to achieve the expected outcomes and safeguard the Union’s strategic assets, interests, autonomy, and security, it is important to avoid a situation of technological dependency on a non-EU source. This is particularly relevant in a global context that requires the EU to build on its strengths and to carefully assess and address any strategic weaknesses, vulnerabilities, and high-risk dependencies that could jeopardize the attainment of its ambitions. The scope of this call follows the identification of priority technology areas where there is a pressing need to reduce or prevent strategic dependencies of the Union, in accordance with EU strategic and security interests. Therefore, as stipulated in Article 136 of the Financial Regulation, recipients of the Accelerator funding under this call must not be directly or indirectly controlled by a non-associated third country or a legal entity established in a non-associated third country. Additionally, in cases of investment support, specific safeguards may be introduced in the investment agreement (see Introduction, section on Economic Security). What Support Will You Receive if Your Proposal is Funded? The EIC STEP Scale Up call offers a total indicative budget of EUR 300 million for 2025, which is projected to rise to EUR 900 million for the period 2025-2027. Any unused amount from this budget will be allocated with priority to the EIC Accelerator Open call. The support provided will be in the form of equity-only investments managed by the EIC Fund. Applicants to this call will not receive a grant component. The program offers significant financial support, with applicants encouraged to apply for an investment of a minimum of EUR 10 million and a maximum of EUR 30 million, to co-invest in a funding round aiming for at least three to five times the amount of the requested EIC contribution. The specific terms of each investment will be considered and negotiated on a case-by-case basis in accordance with the EIC Fund Investment Guidelines. This approach ensures that the investment is tailored to the company’s needs while aligning with EIC’s broader objectives.
Navigating the EIC Fund Investment Decision Process Understanding Selection Criteria Proposal Evaluation and Outcomes for Successful Candidates
EIC Fund Investment Decision Process After the due diligence process and subsequent decision by the EIC Fund Investment Committee, an investment agreement will be established. If you have expressed interest and given your consent, relevant information from your proposal will be shared with the appropriate InvestEU implementing partners for their consideration of Venture Debt support. Selection Criteria for EIC Fund Investment The EIC evaluates proposals based on their merits, with assessments conducted by leading experts. The European Commission ensures that there is open and fair competition for all eligible proposals submitted. Proposal Evaluation Process The EIC STEP Scale Up call follows a “first come, first served” principle for evaluating proposals. However, the juries will consider the overall budget availability for the entire year and will be restricted to recommending proposals that do not exceed 70% of the available budget for the calendar year during the first six months. Juries will also be informed about budget availability, including any additional funds from previous awards that were not fully utilized. Award Criteria Proposals will be assessed according to specific award criteria. The EIC Jury may focus their interview on any element of your proposal based on their assessment. Possible Outcomes from the EIC Jury Based on the interview and overall assessment, the EIC Jury will recommend one of three potential outcomes for your proposal: GO and Sovereignty (STEP) Seal: Your proposal meets all evaluation criteria and is recommended for a potential equity investment. The Jury may offer observations for the EIC Fund regarding the investment amount or other considerations related to the investment decision or management. It is crucial to note that the investment amounts approved in the Commission Award Decision are subject to the successful completion of due diligence and negotiation by the EIC Fund, following the Investment Guidelines. Thus, investment amounts may be adjusted or rejected by the EIC Fund for justified reasons. Upon approval, your project will also be awarded the Sovereignty (STEP) Seal and will gain access to Business Acceleration Services.
Comprehensive Analysis of the European Innovation Council’s EIC Accelerator and EIC STEP Scale Up Initiatives for High-Risk Innovations and Market Expansion
EIC Accelerator and EIC STEP Scale Up Overview The European Innovation Council (EIC) provides vital support for high-risk and high-gain innovations aiming to enter the market and scale up. Within this framework, there are several key initiatives and policies that drive innovation forward, notably the EIC Accelerator and EIC STEP Scale Up programs. EIC Accelerator The EIC Accelerator targets businesses with innovations that have significant potential for impact. Proposals submitted to this program undergo a thorough evaluation process that includes remote assessments and interviews. The evaluation is based on a binary scoring system, with outcomes designated as either ‘GO’ or ‘NO GO.’ For specific details regarding the evaluation process, refer to Section IV of the guidelines. EIC STEP Scale Up The EIC STEP Scale Up initiative is designed to assist promising companies that are developing critical technologies. This program particularly benefits companies that have previously received support from the EIC, aiming to help them secure larger funding rounds necessary for further scaling their operations. More information can be found in Section V of the guidelines. Policy on Open Access and Intellectual Property Rights The EIC is committed to a policy of open access concerning scientific publications and the promotion of the uptake of research results. Provisions to ensure this are outlined in Annex 2 on Open Science. The goal is to facilitate knowledge sharing and accessibility to research outputs across the board. Cross-Fertilization and Information Sharing To further enhance the impact of supported projects, the EIC seeks to stimulate cross-fertilization and exploitation of results. Therefore, EIC Pathfinder and EIC Transition project participants may be requested by EIC Programme Managers to actively share information regarding their results, including preliminary findings. This sharing is encouraged both within the EIC portfolio and with other relevant parties. By fostering collaboration and information dissemination, the EIC not only advances individual projects but also contributes to a more innovative and interconnected European ecosystem.