European Innovation Council Pilot EIC SME Instrument European
- Slides: 14
European Innovation Council Pilot (EIC) SME Instrument
European Innovation Council Pilot Comprehensive Scheme € 3 billion in funding over the period 2014 -2020 FET OPEN Future Emerging Technologies Innovative Idea FTI Fast Track to Innovation Test & Co-create SME-Instrument Phase-1 Feasibility Start-up Soft Blending SME-Instrument Phase-2 Development Scale-up Investment EIC Horizon Prizes: Awarded to the most innovative solutions to societal challenges
SME Instrument Smart Money Equity Free Funding World-Class Coaching • Phase-1 – 50. 000€ for feasibility assessment • Business coaching of up to 12 days • Phase-2 – 0. 5 to 2. 5€ million for innovation development & demonstration • Support innovation capacity and strategic needs Business Acceleration Services • Networking with top-level investors and partners • Support to product launch on International markets
SME Instrument Targeting Game Changers Companies we are looking for Highly innovative SMEs with groundbreaking concepts Capacity to shape new markets or disrupting existing ones High-growth potential with European and global ambitions Using three identification criteria Implementation Team's capability and motivation to bring the innovation to the market Impact Solid business model and commercialisation strategy Sound financial planning Excellence Potential to create new market or significantly impact existing ones Right timing (i. e. feasibility)
SME Instrument Adapted to the Market Open Call Fast & Easy High Risk Across the Board Market-Oriented Selection Connecting Businesses
SME Instrument Adapted to the Market Open Call Fast & Easy • Open call with 8 evaluation round per year • Funding in 3 months for Phase-1 and 6 months for Phase-2
SME Instrument – Evaluation Changes introduced by the EIC 2018 -2020 • Fully bottom-up Phase 1 & WP Submission of proposals Remote Evaluation Ranking of Proposals Interview Grant Agreement approach • Revised weighting of award criteria • Revised threshold • Highest-scoring proposals invited to interview (twice the budget available) • Face-to-Face Interview in Brussels 2 Phase 1 & 2 Phase 2
SME Instrument Adapted to the Market High Risk • High-risk, high potential innovation • Creating new markets or revolutionising existing ones
SME Instrument Adapted to the Market Across the Board • Innovation from all sectors of the economy or topics
SME Instrument Adapted to the Market-Oriented Selection • Simple submission procedure • Selection based on excellence, impact & implementation
SME Instrument Adapted to the Market Connecting Businesses • Wide community of beneficiaries • Networking opportunities with investors & partners
SME Instrument Tangible Results SME Instrument-funded companies outperform industry average investment 6. 7 in various sectors 3. 0 ry ct o ire D el o to pe ol r s D ke ar M ev tin g ic s yt al An Ro bo tic s e om H n tio uc tr ns 2. 4 2. 1 lis to he ol r s 3. 2 2. 3 Co Average investment SMEI 4. 0 3. 4 3. 2 Attracted investment in € million Pu b 3. 5 5. 7 5. 2 s 3. 8 5. 5 or t 5. 5 5. 4 Sp 6. 1 Average investment in the industry
SME Instrument Tangible Results 2954 667 1. 2 694 Companies in our portfolio Phase-2 projects financed € billion committed € million paid out 1 1. 4 12 6 € billion private funding attracted for 694 mln paid € private capital matched for every Euro of SMEI funding Acquisitions among beneficiaries in 2017 IPOs among beneficiaries in 2017
SME Instrument Results in Lithuania € 21 Participants 5 € Million Allocated 25 Projects Coordinated
- Eic european investment centre
- Mysite socccd
- Disruptive and radical innovation
- Eic approach of fundamental analysis
- Kickoff meting
- Fiu username
- Yellow report eic
- Qa eic patel
- Export inspection agency health certificate
- Eic software software review
- Interregional innovation investment instrument
- National innovation council
- National innovation council india
- "kings college london"
- European institute for innovation and sustainability