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1
EISMEA
European Innovation Council and
SMEs Executive Agency
FIWARE Global Summit
Vienna, 12 June 2023
Giovanni La Placa
Project Adviser Evaluation
2
2
The EIC vision: Three bridges across the valleys of death
for deep tech innovation
1. How to source new technologies from the research base?
2. How to turn a promising technology into a commercially viable
proposition?
3. How to secure funding for start-ups with deep tech innovations that are
high risk, capital intensive, and require many years of investment?
3
3
 Budget of over €10 billion (2021-2027) as part of
Horizon Europe
 Focus on Deep Tech & Scale Up in line with the New
European Innovation Agenda
 Full cycle from research (Pathfinder) to spinout (EIC
Transition) to startup & scaleup (Accelerator)
 EIC Accelerator for individual startups with simple
access and substantial funding (grant, equity)
 Steered by the EIC Board of leading innovators from
across Europe.
Europe’s most ambitious innovation programme
4
4
5
5
The fully fledged EIC (from 1st of April 2021)
6
6
EIC Impacts (From 2022 EIC Impact Report)
 Scale up impact: 12 unicorns and 112 “centaurs”.
 Investment impact: €10bn follow-on funding; total
valuation ~ €40bn.
 Innovation impact: 1,300 innovations generated.
 Deep tech impact on green/ climate (agrifood,
hydrogen, energy storage, etc), health/bio (cell &
gene therapy, neurotech), digital/industry (quantum,
space, etc.)
7
7
8
8
9
EIC Accelerator – application process
A four-step process
We will help applicants to prepare their business
plan and draft a proposal with the help of a coach
Full Proposal
+ =
Applicants submit their full proposal at
regular cut-off which will be assessed by
remote evaluators
If selected, applicants will sign the
contract
Applicants will pitch their innovation
in front of EIC Jury Members
€
Applicants have a
disruptive / deep tech
idea with a
potential to
scale up.
Applicants tell their story
and submit a short
application at any time to
be assessed by remote
evaluators.
11
Examples taken
from WIPO, MIT,
WEF, OECD, etc.
What is at stake: who will lead on the next wave of strategically
important technologies?
past future ?
EU & US
lead
electricity
car antibiotics
sea container
synthetic
chemicals
barcode
telecomms
PC
smart phone
semi-conductors
internet
GPS
airplane social media
artificial intelligence
gene
therapy
hydrogen
fuel cells
liquid biopsies
neurotechnologies
autonomous vehicles
CRISPR-cas
digital platforms
blockchain
Internet of things
the cloud
3D printing
quantum computing
graphene
new batteries
?
US lead
(& Asia,
EU)
Who
leads?
12
Is EIC Accelerator for you?
 Are you a single company – startup, spinout, etc classified as an SME?
 Developing a high risk – high impact technology, demonstrated to at least
TRL 5 (tested and validated in laboratory or other relevant environment)?
 Which is significantly different/ better than anything else on the market?
 With potential to attract investments and scale up at European and
international levels?
Applicants can apply from anywhere in the world but must be
established in a Member State or Horizon Europe Associated country
by the time of full application.
13
In which fields do we invest?
EIC Accelerator Open:
Any field of technology or application without predefined thematic
priorities (except defence).
EIC Accelerator Challenges:
In predefined areas of
strategic importance.
€ 524 million
€ 612 million
EIC Accelerator Challenges 2023
 Biomarkers for cancer;
 Decontamination for pandemic management;
 Energy storage;
 New European Bauhaus (construction);
 Quantum or Semiconductor components;
 Resilient agriculture;
 Space technologies and services.
14
EIC Accelerator
For startups & SMEs to develop and scale up innovations with high risk and high impact
• For individual companies (startups, SMEs, in exceptional cases small mid-
caps (up to 500 employees)Continuously open for applications (also from
individuals intending to start a company and investors intend to support a
company)
• Mainly open (“bottom up”) but also Accelerator challenges in Green Deal,
Strategic Digital & Health Technologies
• Mainly blended finance (grant + investment), but options for “grant only” and
“grant first” (with investment follow up)
• Grants of up to €2.5 million
• Investment component of € 0.5 to € 15 million (or above in strategic cases) -
seed and first rounds
15
EIC Accelerator – recent figures 1/2
16
EIC Accelerator – recent figures 2/2
17
How to apply?
FIWARE Global Summit
12 June 2023
Very important change as of June 2023: The EIC is migrating to the Electronic
Submission System hosted on the EC Funding and tender opportunities portal.
The portal is available with immediate effect for future and on-going applications
to the EIC Accelerator.
Full proposals (Step 2)
• 7 June 2023 cut-off has been postponed until 21 June 2023 at 17.00 CET
• 4 October cut-off maintained
Short proposal (Step 1)
Submissions on a dedicated platform to expected to be ready in early July 2023
Contact your National Contact Point
19
© European Union, 2021
Reuse of this document is allowed, provided appropriate credit is given and any changes are indicated (Creative Commons Attribution
4.0 International license). For any use or reproduction of elements that are not owned by the EU, permission may need to be sought
directly from the respective right holders.
All images © European Union, unless otherwise stated. Image sources: ©Tom Merton/Caia Image, #315243588; ©REDPIXEL, #220695664; ©Halfpoint, #180578699;
©bnenin #213968072; ©MyMicrostock/Stocksy, #3094437622021. Source: Stock.Adobe.com. Icons © Flaticon – all rights reserved.
@EUeic
#Eueic

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Giovanni La Placa - EIC Fiware Global Summit 120623 V1.2.pptx

  • 1. 1 EISMEA European Innovation Council and SMEs Executive Agency FIWARE Global Summit Vienna, 12 June 2023 Giovanni La Placa Project Adviser Evaluation
  • 2. 2 2 The EIC vision: Three bridges across the valleys of death for deep tech innovation 1. How to source new technologies from the research base? 2. How to turn a promising technology into a commercially viable proposition? 3. How to secure funding for start-ups with deep tech innovations that are high risk, capital intensive, and require many years of investment?
  • 3. 3 3  Budget of over €10 billion (2021-2027) as part of Horizon Europe  Focus on Deep Tech & Scale Up in line with the New European Innovation Agenda  Full cycle from research (Pathfinder) to spinout (EIC Transition) to startup & scaleup (Accelerator)  EIC Accelerator for individual startups with simple access and substantial funding (grant, equity)  Steered by the EIC Board of leading innovators from across Europe. Europe’s most ambitious innovation programme
  • 4. 4 4
  • 5. 5 5 The fully fledged EIC (from 1st of April 2021)
  • 6. 6 6 EIC Impacts (From 2022 EIC Impact Report)  Scale up impact: 12 unicorns and 112 “centaurs”.  Investment impact: €10bn follow-on funding; total valuation ~ €40bn.  Innovation impact: 1,300 innovations generated.  Deep tech impact on green/ climate (agrifood, hydrogen, energy storage, etc), health/bio (cell & gene therapy, neurotech), digital/industry (quantum, space, etc.)
  • 7. 7 7
  • 8. 8 8
  • 9. 9 EIC Accelerator – application process A four-step process We will help applicants to prepare their business plan and draft a proposal with the help of a coach Full Proposal + = Applicants submit their full proposal at regular cut-off which will be assessed by remote evaluators If selected, applicants will sign the contract Applicants will pitch their innovation in front of EIC Jury Members € Applicants have a disruptive / deep tech idea with a potential to scale up. Applicants tell their story and submit a short application at any time to be assessed by remote evaluators.
  • 10.
  • 11. 11 Examples taken from WIPO, MIT, WEF, OECD, etc. What is at stake: who will lead on the next wave of strategically important technologies? past future ? EU & US lead electricity car antibiotics sea container synthetic chemicals barcode telecomms PC smart phone semi-conductors internet GPS airplane social media artificial intelligence gene therapy hydrogen fuel cells liquid biopsies neurotechnologies autonomous vehicles CRISPR-cas digital platforms blockchain Internet of things the cloud 3D printing quantum computing graphene new batteries ? US lead (& Asia, EU) Who leads?
  • 12. 12 Is EIC Accelerator for you?  Are you a single company – startup, spinout, etc classified as an SME?  Developing a high risk – high impact technology, demonstrated to at least TRL 5 (tested and validated in laboratory or other relevant environment)?  Which is significantly different/ better than anything else on the market?  With potential to attract investments and scale up at European and international levels? Applicants can apply from anywhere in the world but must be established in a Member State or Horizon Europe Associated country by the time of full application.
  • 13. 13 In which fields do we invest? EIC Accelerator Open: Any field of technology or application without predefined thematic priorities (except defence). EIC Accelerator Challenges: In predefined areas of strategic importance. € 524 million € 612 million EIC Accelerator Challenges 2023  Biomarkers for cancer;  Decontamination for pandemic management;  Energy storage;  New European Bauhaus (construction);  Quantum or Semiconductor components;  Resilient agriculture;  Space technologies and services.
  • 14. 14 EIC Accelerator For startups & SMEs to develop and scale up innovations with high risk and high impact • For individual companies (startups, SMEs, in exceptional cases small mid- caps (up to 500 employees)Continuously open for applications (also from individuals intending to start a company and investors intend to support a company) • Mainly open (“bottom up”) but also Accelerator challenges in Green Deal, Strategic Digital & Health Technologies • Mainly blended finance (grant + investment), but options for “grant only” and “grant first” (with investment follow up) • Grants of up to €2.5 million • Investment component of € 0.5 to € 15 million (or above in strategic cases) - seed and first rounds
  • 15. 15 EIC Accelerator – recent figures 1/2
  • 16. 16 EIC Accelerator – recent figures 2/2
  • 17. 17 How to apply? FIWARE Global Summit 12 June 2023 Very important change as of June 2023: The EIC is migrating to the Electronic Submission System hosted on the EC Funding and tender opportunities portal. The portal is available with immediate effect for future and on-going applications to the EIC Accelerator. Full proposals (Step 2) • 7 June 2023 cut-off has been postponed until 21 June 2023 at 17.00 CET • 4 October cut-off maintained Short proposal (Step 1) Submissions on a dedicated platform to expected to be ready in early July 2023
  • 18. Contact your National Contact Point
  • 19. 19 © European Union, 2021 Reuse of this document is allowed, provided appropriate credit is given and any changes are indicated (Creative Commons Attribution 4.0 International license). For any use or reproduction of elements that are not owned by the EU, permission may need to be sought directly from the respective right holders. All images © European Union, unless otherwise stated. Image sources: ©Tom Merton/Caia Image, #315243588; ©REDPIXEL, #220695664; ©Halfpoint, #180578699; ©bnenin #213968072; ©MyMicrostock/Stocksy, #3094437622021. Source: Stock.Adobe.com. Icons © Flaticon – all rights reserved. @EUeic #Eueic