EIC Pilot Info Day Webinar

Accelerator: 2020 calls

22 April 2020

Keith Sequeira

DG RTD EIC TF.1 Governance & Coordination

Head of Unit

• Breakthrough innovation

• Creates new markets

• High risk, high growth and high market potential

• Great management team

• Ambition to scale-up

• Demonstrated knowledge of the target market

• Convincing commercialisation plan

• “Non bankable”

Who are we looking for?

• Direct, substantial funding to high-potential innovators

1. Grant funding of up to €2.5 million 70% of total project costs

2. Option of additional equity investment (blended) of up to €15

million

What do we offer?

• Simple, open to all areas of innovation

• Mainly bottom-up

• No prescriptive topics, open to novel combinations

• Flexible

• Level playing field - no geographical criteria

What do we offer?

• Agile, pro-active management

• Continuously open

• Quick response

• Business language

• Programme managers

What do we offer?

• Innovator centric

• Tailor made support for SMEs & start-ups

• Grant and blended support (grant + equity)…

• Business Acceleration Services: mentoring, coaching, advice,

corporates, overseas fairs

What do we offer?

How do we select?

Blended finance only

• Two remaining cut-offs in 2020

19 May Green Deal dedicated cut-off Proposals contributing to one or more of

the (eight) sustainability goals

Substantial budget (€303 million)

7 October Bottom-up cut-off

• Woman-led companies 19 May, 7 October

• Women CEO or equivalent position

• Excellent proposals invited to interviews

Latest novelties

• Cut-off 20 March

• Highest number of submitted applications: 3,883 eligible (+110%).

• Mainly due to Coronavirus (1,400 proposals), but not only.

• The Commission has proposed additional, exceptional budget for Covid-

19 related proposals.

• The Commission will fast-track implementation of the Covid19 related

proposals.

• The interviews have been re-scheduled for the week 11-20 May and may

take place on-line.

Latest novelties

• Various specific actions have been quickly deployed with impressive positive

response from the community of researchers and innovators.

• ‘Coronavirus research and innovation’ website contains all the past and

upcoming opportunities.

• Pan-European hackathon on 24, 25 and 26 April: connecting civil society,

innovators, partners and buyers across Europe to develop innovative

solutions to coronavirus.

• E-pitching events (for investors, procurers, etc)

Latest novelties: Coronavirus

• Highly attractive ~ 1,900 proposals per cut-off (but much higher in March)

• Highly competitive ~170-180 proposals invited to interviews; 119 selected

(3.24% success rate so far)

• Strong demand for blended finance

• 56 blended (average €2 million grant + €4 million equity)

• 63 grant-only

• High quality proposals: one third passed the thresholds (over 1000 Seals

of Excellence issued)

Experience from October and January cutoffs

Topics by keywords

29

26

18

6 6 6 5 4 3 2 2 2 1 1 00

5

10

15

20

25

30

1st Main Keyword

Cut-offs: October 2019 and January 2020

Retained proposals by country

1413 13 13 13

7 76 6

5

3 3 3 3 32

1 1 1 1 1

0

2

4

6

8

10

12

14

Number of proposals

Cut-offs: October 2019 and January 2020

EIC Advisory Board

CHAIR

Mark Ferguson

Entrepreneur, Science

Foundation Ireland

VICE-CHAIR

Hermann Hauser

Co-founder of Amadeus Capital

Partners

Kerstin Bock

CEO of OpenersJo Bury

Managing Director of

Flanders Institute of

Biotechnology

Dermot Diamond

Principal Investigator: INSIGHT

Centre for Data Analytics, Dublin

City University

Laura Gonzalez-Estefani

Founder and CEO at

TheVentureCity

Jim Hagemann

Snabe

Chair Siemens AG,

Chair AP Moller

Maersk A/S

Ingmar Hoerr

Founder and

Chairman of the

Supervisory Board

of CureVac AG

Fredrik Hörstedt

Vice president of

utilisation

Chalmers

University of

Technology

Heidi Kakko

Partner of

BaltCap Growth

Fund

Bindi Karia

European Innovation

Expert + Advisor,

Connector of People and

Businesses

Anita Krohn

Traaseth

Former CEO

Innovation Norway

Jerzy Langer

Physicist, Emeritus

Professor at the Institute

of Physics of the Polish

Academy of Sciences

Ana Maiques

Chief Executive

Officer,

Neuroelectrics

Marja Makarow

Biochemistry/

molecular biology,

director of Biocenter

Finland

Carlos Oliveira

Serial Entrepreneur,

Innovator, Executive

President of José Neves

Foundation

Valeria Nicolosi

Chair of

Nanomaterials

and Advanced

Microscopy

Bruno Sportisse

Chair and CEO

at INRIA

Kinga Stanislawska

Managing Partner

and Founder of

Experior Venture

Fund

Roberto Verganti

Innovation

academic, former

RISE group

Martin Villig

Co-founder of Bolt

(formerly Taxify)

Yousef Yousef

CEO of LG Sonic

• Evaluation

Remote evaluation

Complimentary proposal

• Pharma industry

Are clinical trial eligible?

• Horizon Europe: first cut-off?

Questions