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In the EIC Accelerator program, there is no way around a sophisticated technology. While it is clear that not all funded companies fall into the DeepTech category, no company’s technology will be funded if it was not complex and very difficult to copy. Any EIC Accelerator applicant should assure that they have commercial traction in some capacity since the program is designed to scale up rather than seed-fund companies. The general rule is to obtain as many support documents as possible whereas contracts, letters of intent, letters of support, customers lists and even informal email requests are helpful.
- In the interviews, the selection rate was remarkably high with 99 companies or 47% being successful in the process, leading to an overall success rate for the EIC Accelerator of 9%, excluding Step 1.
- Redirects and rewriting URLs are two very common directives found in a .htaccess file, and many scripts such as WordPress, Drupal, Joomla and Magento add directives to the .htaccess so those scripts can function.
- When it comes to evaluating grant proposals, Enago understands that every industry is unique and comes with its own specific set of requirements.
- The EIC has further loosened its criteria on what a female-led company means and expanded the definition to also include CTO and CSO positions instead of just the CEO position.
Our writers incorporate backed-up research to strengthen your grant proposal's reliability and improve its chances of approval. Our services include grant prospect research, grant writing, proofreading and editing, grant writing consultations, assisting nonprofits with grant readiness, and grants management. This, of course, is generally reserved for projects that have been rejected narrowly with 7 or 8 out of 9 possible GO’s. The first sentence can then stress that the response was overwhelmingly positive with a few minor criticisms by a single evaluator who did not fully understand the project. If an ESR signifies that an application has obtained 1 out of 9 possible GO criteria (i.e. 8 NO GO) then no rebuttal will be likely to convince future evaluators.
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If the evaluation process is in fact consistent, then it should be possible to give superior guidance directly. Due to the small sample sizes, the data is not fully representative as a whole but it is obvious that Norway, Denmark and Belgium had particularly poor outcomes with only 20%, 27% and 17% success rates.
Our Grant Project Management support will support you to meet funder reporting and compliance requirements. From a full grant application write (including editing and submission) to review only. The grant application will be written, reviewed and completed in a proven collaborative approach.
We hope to debunk some of the common myths about grant writing and demystify the process for other grant writers and for nonprofits. The EIC Accelerator grant financing (with blended equity option) is a highly selective funding program and, due to the high degree of subjectivity combined with a pool of anonymous and remote evaluators, rejections are a very common occurrence (see Resubmissions). While the features and use cases are likewise touching on these aspects, they are most suitable to explain why this technology is sophisticated and difficult. The EIC Accelerator is aiming professional grant proposal writing service to fund DeepTech projects that have a long time-to-market and require extensive capital investments before significant revenues can be generated. This is a major flaw in the application process since it forces applicants to be less transparent and under-present their risks even though the EIC Accelerator should welcome high-risk projects with suitable mitigation strategies. If a company neglects to introduce financial, commercial or technical risks, the project’s evaluation can conclude that it is out of scope for the high-risk EIC Accelerator program in Steps 1 and 2.
- This places a major burden on the EIC since obtaining financial success cases is extremely difficult and creates distorted incentives where the evaluation prefers companies that are already successful rather than those that will (potentially) be.
- There are a variety of industries that are very saturated or where differentiation is minuscule such as logistics-support solutions, communication tools, social networks, payment infrastructures and many others.
- If a company has not raised substantial financing yet or has only raised the starting capital during the founding process then the technology might lack the sophistication necessary to succeed in the EIC Accelerator program.
Before you submit proposals to different grant programs, you will tailor a specific proposal to their guidelines and priorities. A grant proposal or application is a document or set of documents that is submitted to an organization with the explicit intent of securing funding for a research project.
A Winning Candidate for the EIC Accelerator
No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by RBC Ventures Inc. or its affiliates. "I wanted to play a role in the infrastructural development of our community. The grant proposal provided by Grant Writing Hub was great." Identifying goals and objectives is crucial if you wish to describe the potential impact of your efforts in your grant proposal. It should then be followed, if available, by positive remarks from an evaluator with insider knowledge. Highlight how an evaluator who has insider information immediately grasped the impact of the product while an evaluator who was unaware of the industry used, as an example, Google for a quick search which led to misinformed comments. In the case of narrow rejections, it is very often one evaluator who continually criticizes the project while the remaining two evaluators remain positive. Nonetheless, all criticisms must be addressed irrespective of the GO or NO GO criteria.
If you are able to show the good that your project will do for the organization, the community or the world, you may have a better chance of getting your grant proposal noticed. Each grant proposal request will differ to some degree, so make sure you read the request closely and adhere to the specific guidelines for each of your submissions. Have a look at some funding proposal templates or grant proposal examples to see how others have written their grant proposals, so you understand the basic structure. In these sessions, we make suggestions and offer advice for your grant proposals.
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Grant writing varies widely across the disciplines, and research intended for epistemological purposes (philosophy or the arts) rests on very different assumptions than research intended for practical applications (medicine or social policy research). Nonetheless, this handout attempts to provide a general introduction to grant writing across the disciplines. collegeessayhelps.com/write-my-college-paper/ Our grant writing services are priced competitively and can be reduced if a customer can help reduce our writing costs (e.g. by saving time) without impacting the quality of the resulting grant application. There are lots of organizations that offer funding proposal templates and assist you with the full process of applying for funding.
- The EIC Accelerator template often requests that no jargon is used but no evaluator will ever admit that they are too ignorant to understand something.
- What is ironic is that this lack of scaling is seen as negative while it should be viewed as a good first step since the TRL8 levels were effectively reached.
- The EIC Accelerator grant financing (with blended equity option) is a highly selective funding program and, due to the high degree of subjectivity combined with a pool of anonymous and remote evaluators, rejections are a very common occurrence (see Resubmissions).
- Collaboration is key in this team effort and we typically allot three weeks to complete the application.
Many of the questions under this evaluation criterion are targeting the implementation of the project and aim to assess if the competencies of the team fit the ambitious goals and work plan. While there are many other sections that will influence the impact criteria such as the scale-up potential or the partners, the TALC will greatly influence the perceived sophistication and strategy of the scale-up. The excellence of a technology and project is often assessed in contrast to existing technologies since it will directly impact its novelty. The iPhone 1 was groundbreaking in 2007 but it is barely usable as an alarm clock today. This section will define why the innovation is unique, why it is delivering value to the customers and how it fits into the current economic, environmental and social environment.
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Get a monthly email filled with grant writing insight for your organization or company. In a close partnership with your team, we lead the writing and submission of highly technical and involved government grants. Finally, we verify that your entire application package meets the rigorous standards laid out by the agency.
Investors generally have to prioritize profits and shareholder value but introducing an additional target can jeopardize such priorities. This is true for both the focus on DeepTech and gender targets since they present impacts outside of financial success. In 2020 and prior, the EIC used different thresholds for male and female participants which effectively increased the difficulty for male while reducing the difficulty for female CEO’s. The EIC has further loosened its criteria on what a female-led company means and expanded the definition to also include CTO and CSO positions instead of just the CEO position. Since the EIC has encountered difficulties in clearly communicating with future applicants, likely due to potential conflicts with political appearances, it is increasing its reliance on National Contact Points (NCP). The EIC has already made data sharing on the platform mandatory for all applicants and NCP’s often have access to beneficiary lists before results are officially published. This article presents a summary of the 2022 EIC Accelerator report and is discussing insights regarding the success of the pilot program leading up to 2020.
Such direct invitations have been noted in the EIC Accelerator Step 3 interviewee list and it is obvious that their success was far more likely. Out of 11 direct invitations, a total of 9 or 82% were successful while only 45% were successful for standard invitations from Step 2 submissions. The EIC Accelerator has a complicated resubmission procedure which generally allows for only two attempts before a freezing period is reached but there are certain exceptions (see Resubmission Process). It is possible for applicants that have been rejected in Step 3 to be re-invited to the next Step 3 interviews without requiring a Step 2 resubmission. For applicants from Portugal, Hungary and Slovenia, the outcomes were even worse whereas the representatives of these countries were rejected by the EIC Jury at a 100% rate even after passing Step 1 and Step 2 and in spite of the 47% overall success rate in Step 3.
Still, it remains to be seen if the EIC is crowding-in private investments or if private investors are crowding-in the EIC. The EIC Fund is a great addition to the EIC’s portfolio of funding arms since it enables larger funding amounts and closer relationships with companies through ownership stakes, deep due diligence and board seats. Even if early revenues are impossible, there should be an extensive number of customer relationships, early testing with end-users, agreements with value chain stakeholders and impressive Letters of Intent (LOI) to demonstrate the market need.
How Deep Is Your Tech? The European Innovation Council Impact Report (EIC Accelerator)
This includes Letters of Intent (LOI), existing customers, case studies, early revenues and general customer feedback or validations. The greatest argument for why a product is needed by the market is a long list of customers, either prospective or paying, that have only good things to say about the technology. Commercial traction is proof that there is, in fact, a product-market fit and that the customers find the new product superior.
This would suggest that their valuation had already reached the centaur status, potentially exceeding the status of an SME, while the EIC support had little or no effect. The graphic shows the selection rates for the EIC Accelerator’s full proposal (Step 2, white), the interview (Step 3, green) and the combined rates for both stages (Step 2×3, yellow). Zombie Innovators generally lack the commercial expertise, customer demand or market incentives to generate any traction which leads to a bottomless budget for research and development that every investor will stay away from. With provisions needed for everything from equipment to specialist technical staff to conference travel and publication charges, acquiring financial support in the form of a grant is crucial. Once underway, grants can enable you to expand the scope of your research or even to form new collaborations and develop new research projects.
But, by increasing the number of jury members, the entire process will likely become even more random. Additionally, they often have a track record of starting and stopping their developments based on their funding status whereas a new fund-raising round will spring a phase of excitement followed by months or years of silence once the funding runs out.
Standardizing the structure of an EIC Accelerator proposal is possible to some degree but it is often the customization and creative writing that will present a grant proposal in the best possible light. If a company has obtained a low impact score then customer traction is an important section to investigate since it might have been lacking.