ChatEIC

The EIC Accelerator Challenge: Navigating Europe’s Premier Deep-Tech Funding Overview of EIC Accelerator The European Innovation Council (EIC) Accelerator stands as a cornerstone initiative within the Horizon Europe framework, representing the European Union’s commitment to fostering groundbreaking innovation. Its primary mission is to identify and support high-risk, high-potential small and medium-sized enterprises (SMEs) and startups, with a particular emphasis on those operating within the “deep tech” sector—innovations rooted in significant scientific or engineering challenges. The program aims to bridge the critical funding gap these ventures often face, enabling them to develop and scale up breakthrough products, services, or business models capable of creating new markets or disrupting existing ones on a European and global scale. The financial support offered is substantial, designed to propel companies through demanding growth phases. Funding typically combines non-dilutive grants of up to €2.5 million with equity investments managed through the dedicated EIC Fund, generally ranging from €0.5 million to €15 million. In some cases, particularly under schemes like the Strategic Technologies for Europe Platform (STEP) Scale-up initiative, investments can reach even higher levels, up to €30 million. This “blended finance” approach is a hallmark of the Accelerator, catering to both development and market deployment needs. The EIC Fund itself has become a major player, positioned as Europe’s largest deep-tech investor, often attracting significant co-investment and amplifying the financial impact for beneficiaries. Beyond direct funding, recipients gain access to valuable Business Acceleration Services (BAS), including coaching, mentorship, networking opportunities, and connections to partners and investors. The program targets innovations that have progressed beyond basic research, typically requiring applicants to demonstrate a Technology Readiness Level (TRL) of at least 5 or 6—meaning the technology has been validated or demonstrated in a relevant environment. The funding supports further development through TRL 7 and 8 (system prototype demonstration in operational environment) and scale-up activities towards TRL 9 (system proven in operational environment/market deployment). This focus positions the EIC Accelerator as a crucial catalyst for bridging the gap between late-stage innovation and successful market entry. The Gauntlet: Application Complexity and Competition Securing EIC Accelerator funding is an arduous undertaking, characterized by a demanding, multi-stage application process and intense competition. Applicants must navigate a sequential gauntlet, successfully passing each stage to proceed to the next. Step 1: Short Proposal: This initial screening stage requires submitting a concise application package, typically including a 5-page summary form addressing the innovation, market potential, and team; a pitch deck (up to 10 slides); and a short video pitch (up to 3 minutes) featuring the core team. This step can be submitted at any time and is evaluated relatively quickly, usually within 4-6 weeks. Success requires a “GO” from at least three out of four remote evaluators. Step 2: Full Proposal: Applicants who pass Step 1 are invited to prepare a comprehensive Full Proposal for submission by specific cut-off dates (typically 2-4 per year). This involves developing a detailed business plan (often exceeding 50-100 pages), providing extensive financial information, outlining company structure, and defining project milestones. This stage demands significant effort, often requiring 60 days or more of preparation. Three different expert evaluators assess the full proposal against criteria of Excellence, Impact, and Implementation. A unanimous “GO” is typically required to proceed directly to the final stage, though consensus meetings may occur in borderline cases. Step 3: Jury Interview: The final stage involves a face-to-face (often remote) interview with an EIC Jury composed of experienced investors, entrepreneurs, and experts. Applicants present their project (usually a 10-minute pitch based on the Step 2 deck) and undergo a rigorous Q&A session focusing on aspects like commercialization strategy, scalability, team capabilities, and financing plans. The jury makes the final funding recommendation. The entire process demands not just a groundbreaking idea but a meticulously crafted, compelling business case demonstrating market potential, scalability, team strength, and alignment with EU priorities. The sheer volume of applications underscores the fierce competition; thousands often apply at Step 1 , leading to extremely low overall success rates, frequently cited in the single digits (e.g., 2-7%). Adding to the pressure, the EIC employs strict resubmission limits, often referred to as a “three strikes” rule, where accumulating three rejections across the stages can bar a project from reapplying within the Horizon Europe timeframe. The Need for Efficient Solutions The combination of substantial potential rewards, a complex and lengthy application process (often spanning 6 months to over a year from start to funding decision) , intense competition, and the high stakes involved creates a challenging landscape for applicants. Startups and SMEs, often operating with limited resources and time, face significant hurdles in producing proposals that meet the EIC’s exacting standards. Consultants assisting these companies also feel the pressure to deliver high-quality applications efficiently. This high-pressure environment, where any edge can be critical, naturally fuels demand for tools and strategies that can streamline the process, enhance proposal quality, ensure compliance, and ultimately improve the chances of success. The emergence of Artificial Intelligence (AI) presents a potential avenue for addressing these needs, offering new ways to tackle the complexities of EIC Accelerator grant writing. The very nature of the EIC Accelerator, focusing on deep tech and breakthrough innovations often originating from highly technical or scientific teams , further amplifies this need. While these teams possess exceptional technical expertise, they may not always have the specialized grant writing, business planning, or financial forecasting skills required to navigate the rigorous EIC evaluation criteria effectively. This skills gap often necessitates seeking external support from consultants or exploring tools that can assist with the non-technical aspects of the application, making the prospect of an AI-powered assistant particularly appealing. Enter ChatEIC: The Specialized AI Grant Writer for EIC Applicants Introducing ChatEIC Amidst the challenges of the EIC Accelerator application process, ChatEIC emerges as a specialized software solution. It is explicitly marketed as an AI grant writer designed specifically for crafting proposals for the European Innovation Council (EIC) Accelerator program. Its core purpose is to empower applicants—startups, SMEs, and the consultants supporting them—to generate high-quality … Preberi več

The European Commission’s Strategic Technologies for Europe Platform (STEP) Scale Up call represents a major new opportunity for high-potential, innovation-driven businesses seeking to secure significant rounds of investment and accelerate their growth trajectories. On April 3rd, 2025, the Commission revealed the outcome of the first-ever application round. Out of 34 proposals received, 22 companies were invited to an in-depth Juries evaluation interview, and 7 companies have been deemed to meet all the criteria required to receive direct EIC Fund investment decisions, subject to standard due diligence. Additionally, 4 companies will be awarded the STEP Seal in recognition of their excellence, further enabling them to enhance their credibility and attract resources within the deep-tech and tech scale-up ecosystem. This article aims to provide a detailed overview of these results, the program’s objectives, the selection process, and the broader context of the STEP Scale Up call. Background and Purpose of the STEP Scale Up Call The introduction of the EIC Strategic Technologies for Europe Platform (STEP) Scale Up call is one of the European Commission’s most determined efforts to bolster Europe’s competitiveness and sovereignty in critical technology areas. Rapidly evolving market landscapes, combined with intensifying global competition, demand that European startups and scale-ups receive sufficiently large investments at crucial growth stages. Funding rounds in the €50 million to €150 million range have often been challenging to secure in the European ecosystem, thereby pushing valuable innovative companies to seek capital abroad or be acquired prematurely. STEP Scale Up thus bridges this “valley of death” that most high-tech ventures encounter during or after market validation. The program promotes agile development, quick market expansion, and stronger positioning in strategic technology sectors—be it deep-tech, quantum technologies, AI, fusion energy, advanced materials, or space-related innovations. By providing investments of between €10 million and €30 million per company (with the intention of leveraging additional private co-investment), the new call is expected to help beneficiaries achieve these higher financing rounds needed for genuine scale-up. The First Results of 2025 The first batch of submissions to the EIC STEP Scale Up call produced the following high-level results: • Submission Deadline of the First Round: Early 2025 • Total Proposals Submitted: 34 • Number of Companies Invited to Interview: 22 • Companies Selected to Move Forward for Investment Decisions: 7 • STEP Seal Recipients: 11 (this includes the 7 investment decision candidates plus 4 additional high-scoring companies) By these numbers alone, it is evident that the call is highly competitive. The overall success rate from proposal submission to being put forward for investment is reported at approximately 20.6%. When we delve deeper into specific stages of the evaluation, we see an approximate 63.7% pass rate from the written proposal to the interview stage, and from the interview stage to final selection, about 31.8% of interviewed companies were recommended for investment decisions. These percentages give a clearer idea of the rigorous selection funnel: • Proposal to Interview: 63.7% • Interview Pass Rate (to recommended for funding): 31.8% • Overall Success Rate: 20.6% This multi-layered, highly selective process ensures that only those companies with the strongest technological foundations, most robust business plans, and highest potential for positive societal and economic impact can access the STEP Scale Up’s large funding scheme. Presenting STEP Scale-Up Winners From the 34 potential ventures, 7 made it through every hurdle of the evaluation and are now presented to the EIC Fund for possible investment. These companies represent the cutting edge of the European innovation landscape, encompassing advanced AI hardware, clean fusion energy, quantum computing innovations, space surveillance, and more: Axelera AI (Netherlands) Axelera AI is recognized as a leading provider of application-specific AI hardware solutions, engrossed primarily in generative AI and computer vision inference. Their platform is designed to improve the efficiency and speed of data processing, allowing for the next generation of AI-based applications to operate at scale. By building strong hardware-software integration in Europe, Axelera AI is well placed to strengthen the EU’s competitiveness in the AI hardware race—an area typically dominated by large non-European players. Focused Energy (Germany) Focused Energy is tackling one of the largest challenges of our time: providing clean and limitless energy. They utilize a fusion process derived from seawater and lithium, making them one of the most compelling ventures in the emerging fusion energy sector. If successful, their technology can significantly reduce carbon emissions, address energy security, and serve as a transformative force for green energy transition in Europe and beyond. Infinite Orbits (France) Europe’s first commercial provider of autonomous in-orbit servicing, Infinite Orbits offers satellite servicing and AI-powered space surveillance. Their system can conduct on-orbit refueling, repairs, and maintenance, which extends satellite lifespans and reduces space debris. By merging advanced AI capabilities with aerospace engineering, Infinite Orbits lays the groundwork for a sustainable and resilient satellite infrastructure supporting everything from Earth observation to telecommunications. IQM Finland (Finland) IQM Finland is a quantum computing leader aiming to usher in a new era of European sovereignty in quantum technology. With a roadmap to produce 1 million qubits by 2033, IQM aims for a massive leap forward in computing power—transforming sectors like pharmaceutical research, complex modeling, logistics, and cryptography. IQM has already fabricated 30 quantum computers, placing them among the global leaders in quantum hardware technology. Pasqal (France) Pasqal focuses on full-stack quantum computing, developing critical hardware and software solutions that streamline the simulation of complex phenomena across multiple industries. They harness applications spanning materials design, climate modeling, and advanced encryption. Pasqal’s approach capitalizes on neutral-atom-based quantum computing, a methodology that has garnered significant interest for its scalability and coherence characteristics. Xeltis (Netherlands) Xeltis pioneers regenerative implants that utilize Nobel Prize-winning chemistry, reinventing vascular surgery and other medical fields by stimulating natural tissue regeneration in the human body. This feat promises a significant leap for minimally invasive therapy, reducing complications tied to synthetic implants. The technology can shorten hospital stays, reduce follow-up procedures, and ultimately save the healthcare system money while improving patient outcomes. Zadient Technologies (France) Zadient addresses crucial gaps in … Preberi več