EIC ACCELERATOR FOCUS

Our Company
Alien Innovation Consultancy is an international company with presence in Europe, USA and India. We are an independent innovation management advisory specialised in public & private fundraising, project management and accounting in the field of high-tech products and services. We are a comprehensive team of experts dedicated to supporting you through the EIC Accelerator.
Free Consultancy and Funding Opportunity Assessment
Funding Opportunity Assessment (FOA), provided by Alien Innovation Consultancy on the fit and potential towards public & private funding.

It is important to understand whether you are eligible and whether your current stage of development allows you to shape your project objectives that are a good fit for EIC Accelerator and only for promising applications, we will suggest you to invest resources and follow up the process together with us.

Explicit feedback provided by Senior Funding Consultant completely for free.
EIC Accelerator Program
The EIC Accelerator is a dedicated program that provides funding for engineering and scaling up high-risk innovations.

The European Commission (EC) is offering a grant from € 0.5 up to € 2.5 million for Small and Medium Enterprises that are developing an innovative product or service. The grant will bring your prototype (Technology Readiness Level 6) to full commercialization (Technology Readiness Level 9) at the global scale.

In addition to the grant component, EIC Accelerator offers blended finance in the form of an optional investment. The maximum of investment in the form of equity is € 15 million , and it will finance activities from TRL 8 and above.
What we evaluate
  • the excellence of the solution – innovative level, stage of development, technical and economic feasibility, value proposition;
  • the economic impact – potential Return of Investment, customer willingness to pay, business model, revenue streams, key stakeholders, commercialization plan, IP strategy;
  • the company and the quality of project implementation – team expertise and fit with project objectives, the prestige brought by prizes and awards, risk level of the project, established contacts with partners with a focus on downstream partnerships (potential customers/sales channels).
How to proceed
We ask you to share some material so we can evaluate your fit and potential under the EIC Accelerator. Recommended documents: a business plan or an equivalent document that covers the following topics:
  • description of the innovation, competitor analysis and value proposition;
  • the problems (or challenges) that the product/service is addressing;
  • stage of development and future roadmap to reach commercialization;
  • description of the business model, including revenue streams, pricing, and the commercialization plan;
  • list of patents owned by the company and status (i.e. pending/granted);
  • overview of the company, a description of the team, CVs of key team members, Company’s shareholding structure;
  • funding raised so far (private investment and grants) and/or if the company is already generating revenues;
  • detailed description of the project potential activities with methodology to implement them and the estimated funding needed;
  • partnerships already secured for the project and for the future commercialization (e.g. with potential clients, distributors, commercial channels, subcontractors, hospitals, CMOs, CROs).
Other optional documents:
  • pitch deck
  • scientific papers
  • previous project proposals
  • market and customer analysis
Our Business Model and Services
We work only on a success-based approach. However, the Funding Opportunity Assessment allows us to customise our pricing model specific to your business case. As a part of the FOA process, we are also able to finalise and share a tailor-made success-based offer for you.

EIC Accelerator Short Application:
  • Short Application preparation;
  • Pitch deck preparation;
  • Design and recommendations for the preparation of a short video;
EIC Accelerator Full Application:
  • Full Application proposal writing and submission;
  • Full development of the work plan and budget
  • Preparation of the financial information and request for the Equity option (if applicable);
  • Application submission in the official platform
  • Assistance in preparing for the interview in Brussels;
  • Assistance in preparation of the Grant Agreement.
Project Management:
  • Support on European project procedures;
  • Periodic report drafting;
  • Planning and organization of the meetings;
  • Full implementation of Grant Agreement Amendments in the Participant Portal;
  • Support in relationship management with the Project Officer and Financial Officer;
  • Support during final audit;
  • In case of Blended Finance Option: support in due diligence phase and equity investment monitoring & reporting.
ALIEN SIGHTING

Alien Sighting is our new program for high-potential referrals. Once your FOA is finalised, you will receive feedback from our experts as well as an opportunity to participate in this new program. If you know a start-up or an SME that develops or scales up high-impact innovations and can benefit from our services, your recommendation will be awarded. Once the suggested referral signs a service agreement with Alien, you will be eligible for a monetary referral bonus. If you are aware of someone who might benefit from this, we would request you to share their contact with us after the finalisation of your FOA so that we can evaluate their fit for the various available public funding opportunities.