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WHAT IS THE EIC ACCELERATOR (SME INSTRUMENT)

A dedicated blended finance scheme in Horizon 2020 for the benefit of European Small and Medium Enterprises that have identified a new market opportunity and have developed a concept to exploit it through an innovative product or service. SMEs could receive up to €2.5 million grant and optional €15 million equity investment, plus business coaching and mentoring to scale up their innovation idea.

LOOKING FOR EUROPE’S NEXT INNOVATION LEADERS

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.

WHO SHOULD APPLY

We are looking for high growth, highly innovative SMEs with global ambitions. You should be actively investing in innovation, and looking to grow.

PROJECT SOUGHT

Projects at the technology readiness level 6 or higher (technology demonstration) have the best chances to receive funding.

PHASES

The EIC Accelerator (SME Instrument) provides support to the full business innovation cycle and is structured in three phases:

Phase 1

CONCEPT & FEASIBILITY ASSESSMENT

Idea to concept (6 months)

The SME will draft a business proposal.
The EU will provide 50000€ in funding and business coaching.

PROOF OF
CONCEPT

  • Prove Technical and Commercial Viability
  • Explore IP Regime
  • Design Study
  • Risk Assessment

Phase 2

DEMONSTRATION, MARKET REPLICATION, R&D

Concept to Market-Maturity (1-2 years)

The SME will develop its proposal through innovation activities and a developed business plan. The EU will contribute from €0.5M to €2.5M.

COMMERCIAL POTENTIAL
DEMONSTRATION

  • Engineering
  • Testing
  • Piloting
  • Miniaturization
  • Scaling-up
  • Application Development

Phase 3

COMMERCIALISATION

Market maturity to market launch

Extensive support to help polish concept into a marketable product plus networking opportunity. The EU will not provide funding.

GO-TO-MARKET

  • EU Quality Label
    (Promotion & Networking with Financiers/Clients)
  • Investment Readiness Training
  • SME window in the EU Financial Facilities
    (debt & equity backed by EIB/EIF)
  • Link to Public Procurement Networks

OUR SERVICES DURING THE PHASES

Preparation for Phase 1

Alien Technology Transfer’s support starts before the submission of the business proposal. Our service provides a set of activities specifically carried out to help you access the SME Instrument phase 1.

Preliminary project analysis

We outilne a first analysis based on the evaluation of the industrial, economic and social problem to be solved and related business opportunity, exploitation strategy of the business opportunity, expected outcomes by the project (Phase1 and Phase2), progress beyond the state of the art, growth potential (turnover, market share, employment creation), initial plan for full commercialization of project results, impact on European or global markets, external expertise to carry out phase 1, evaluation of the business model against the expected impact of the SME Instrument, SWOT analysis, status and strategy for knowledge protection, regulatory and standard requirements

Business Proposal Draft

We write your project proposal for the access to Phase 1

Proposal submission

We take care of the proposal submission and all the related administrative activities

Preparation of the Consortium Agreement

The consortium agreement is a private agreement between the beneficiaries, to set out the rights and obligations amongst themselves ( it does NOT involve the European Commission/Agency). The consortium agreement should set the framework for a successful phase 1 project implementation (i.e. settle all issues that might hamper the smooth and seamless cooperation of the different actors for the different parts of the project).

Preparation of the Grant Agreement

The Grant Agreement sets out the rights, obligation, terms and conditions applicable to the grant awarded to the beneficiaries for implementing the action. Our experts will support you during this action.

Phase 1 Feasibility Assessment

The overall purpose of Phase one is an in depth analysis of the commercial potential and technical feasibility of an innovation, it shall be completed within a maximum of six months from the date the grant has been awarded. Alien Technology Transfer will support you with a full set of activities during SME Instrument’s phase 1.

In depth analysis

In depth analysis of all Phase 0 items, partner search, supply chain building, full development of a “commercialisation strategy” and second version of the innovation business plan.

Phase 1 final report production

We’ll take care of the final report which constitutes the proposal project application for the access to phase two of the SME Instrument grant. It shall be based on an elaborated business plan.

Relationship Management

We support you on all Relationship Management with project officer.

Back Office Activities

Control over cost, quality and time of all the task to be performed during phase 1; planning and organisation of the periodic project meetings, financial task management, project procurement.

Preparation for Phase 2

The overall purpose of Phase one is an in depth analysis of the commercial potential and technical feasibility of an innovation, it shall be completed within a maximum of six months from the date the grant has been awarded. Alien Technology Transfer will support you with a full set of activities during SME Instrument’s phase 1.

Work plan for Phase 2

Full development of a detailed work plan definition for a Phase two application.

Phase 2 Project Application Writing

We write your project proposal for the access to Phase 2.

Phase 2 Application Submission

We take care of the proposal submission and all the related administrative activities.

Relationship Management

We support you on all Relationship Management with project officer.

Final version of the Consortium Agreement

The Consortium Agreement (CA) is made between participants in a project financed under Horizon 2020 to govern a number of issues that will or may arise during the project. A CA is required for all projects financed under the Horizon 2020 Programme. ALIEN TT supports the proponent SMEs with its expertise during this action.

Preparation of the Grant Agreement for Phase 2

The Grant Agreement sets out the rights, obligation, terms and conditions applicable to the grant awarded to the beneficiaries for implementing the action. Our experts will support you during this action.

Phase 2 Project Management

The set of activities carried out by Alien TT during the EIC Accelerator (SMEI) Phase 2 includes the completion of administrative tasks for project reporting.

Consultancy for Project Monitoring & Reporting

Training

We offer a training on European project procedures.

Tasks Tracking

Tracking cost, quality and time of all tasks to be performed by each partner during the project.

Project report drafting

Writing of the project reports (M9, M18), preparation/support of the deliverables to be produced in the form of a report, financial reporting.

Planning activity

Planning and organisation of the meetings that will be chaired by the coordinator, preparing the agendas, proposing discussion points, preparing the minutes and tracking the implementation of decisions taken.

Report and Updates

Collecting information on the progress of the project and reports and other deliverables (including financial statements and related certifications) to be submitted to the project coordinator and PCC for their review.