
Frequently Asked Questions
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How long can the abstract be for the SME Instrument application?
The abstract for your SME Instrument proposal has a strict character limit of 2000 characters. Be mindful of this limit and ensure your abstract is concise and impactful.
Besides the writing components, what other factors are important for the SME Instrument application?
While proposal writing is crucial, other factors like providing accurate legal and financial data, as well as ensuring proper company registration, are also essential for a successful application.
Does the acronym for my project need to be directly related to the project's name or purpose?
No, the acronym doesn't necessarily need to have a direct meaning. You have the freedom to be creative when choosing an acronym for your SME Instrument proposal.
Can I exclude evaluators from reviewing my SME Instrument proposal?
Yes, if you suspect a conflict of interest, you can exclude specific reviewers from evaluating your proposal. The EU publishes a list of all evaluators for the SME Instrument.
Is it a red flag if I can't get funding outside of the EIC Accelerator?
Yes, according to the blog post, companies unable to secure financing outside the EIC Accelerator may have a lower chance of success within the program. External funding can be seen as validation.
What kind of validation should I have before applying to the EIC Accelerator?
Companies should have extensive validation of both their technology and, especially, their business model. While the initial evaluation steps focus on innovation, the final interview stage prioritizes financial and commercial validation.
What's more important, the technology or the business model?
While innovative technology is important, the EIC Accelerator places a strong emphasis on the business model, especially during the Step 3 interviews. A clear and validated commercial strategy is crucial for securing funding.
What if my project is truly disruptive but lacks market proof?
Truly disruptive projects often lack the market validation that the EIC jury prefers. Consider focusing on demonstrating the potential market and de-risking the commercial strategy as much as possible to increase your chances of success.
What's the best approach for my EIC Accelerator application?
A good strategy is to present a complicated and innovative technology alongside a clear, proven, and simple commercial strategy. The jury has a higher tolerance for technological uncertainty than for commercial uncertainty.
Should I be overly ambitious in my EIC application?
While ambition is good, focus on demonstrating a clear path to commercial success. The EIC jury prefers projects with a solid foundation and proven market potential over purely speculative or highly uncertain ventures.
Is it essential to already have some financial backing to get funding?
While not strictly essential, having existing financial backing from sources like your own revenues, a parent company, or private investors significantly strengthens your application. It demonstrates confidence in your project's viability.
How important is the experience and capability of my team?
Having a highly experienced and capable team is crucial. Highlight your team's relevant work experience, past projects, education, and support network to showcase your ability to execute the project successfully.
Should my project only focus on the immediate Phase 2 developments?
No, your project should demonstrate potential for expansion beyond the immediate Phase 2 developments. Show that your project has long-term viability and can be scaled up within the next decade.
What does it mean to address a 'promising market segment'?
Addressing a promising market segment means targeting a market that shows strong growth potential, has a substantial size, and faces relatively limited competition. Demonstrating this in your proposal is crucial.
How important is it to have won awards or received recognition for my innovation?
Recognition such as awards, features in publications, or other forms of acknowledgement can greatly improve your chances. It provides external validation of your project's innovative potential and impact.
Do I need to demonstrate social benefits to the EU in my project?
Yes, highlighting the social benefits your project brings to the EU can significantly strengthen your application. Funders often prioritize projects that contribute to broader societal goals.
How should I use color to differentiate sections in my proposal?
Use your main proposal color to simplify navigation between sections and subsections. Make sure the color helps readers easily differentiate between parts of the document without being so bold that it distracts from the headers themselves.
What if my existing market projection charts don't fit the proposal's design?
Reproduce market projections, charts, and other relevant graphics to ensure they are high-quality and fit your proposal's color scheme and font sizes. This ensures a professional and consistent presentation of your data.
What opacity should my watermark be?
Keep your watermark opacity very low, ideally between 2-7%. This ensures it's subtle and doesn't distract from the main content of your proposal. The watermark should enhance, not overwhelm, the page.
Can I use existing images and tables in my proposal?
It's generally better to create images and tables specifically for your proposal. Existing ones might not fit the color scheme, have low resolution, or use unsuitable font sizes. Tailoring them ensures a cohesive and professional look.
Do my images and tables need captions?
Yes, every image and table should have a caption. The image or table, along with its caption, should be self-explanatory. It should support or deepen a point made in the text, not introduce a new one.
What if I don't have all the information readily available?
Don't worry if you don't have everything immediately available. We can discuss what you have during the initial call and identify any gaps. We can then work together to gather the remaining information needed for a complete proposal.
What happens after the initial video call?
After the initial video call, we will review the information discussed and the materials provided. We will then work on developing a tailored proposal that addresses your specific needs and project goals. We'll keep you informed throughout the entire process.
Why do you need CVs and pictures of project leaders?
We require full CVs and pictures of the three project leaders and company founders to showcase the expertise and experience behind the project. This information helps build credibility and demonstrates the team's capabilities to potential stakeholders.
Is the initial video call free of charge?
Yes, the initial video call to discuss your project is free of charge, irrespective of a contract being signed or not. It's an opportunity for us to understand your needs and determine how we can best assist you.
What's the general success rate for getting SME Instrument funding?
On average, about 9% of all applications for the Horizon 2020 SME Instrument receive funding. However, this number varies significantly depending on the specific topic and the number of applicants. Some topics have success rates as low as 0% or as high as 21%.
Where can I find a list of companies that have already received funding?
You can find a list of all beneficiaries for the Horizon 2020 SME Instrument, including both Phase 1 and Phase 2 recipients, at the provided link. This can give you an idea of the types of projects that have been successful in the past.
How does the success rate change if I only consider high-quality proposals?
If you only consider high-quality proposals that meet the funding threshold, the success rate increases dramatically. It can range from 28% to 100%, with an average success rate of around 70%, depending on the specific topic.
Are the success rates consistent across different cut-off dates?
The number of applicants and the overall success rate can vary between cut-off dates. However, the statistics from the November 2015 cut-off provide a general indication of the success rates for different topics. Use this data as a guide, but be aware that the specific numbers may fluctuate.
What happens if my proposal scores well but still gets rejected?
Even with a high score, your proposal might be rejected due to budget limitations and the competitiveness of the topic. The analysis considers all applications, including those that didn't meet the general funding threshold. Focusing on proposals that meet the threshold gives a better indication of success.
How do I choose the right topic for my funding application?
Consider choosing a less 'crowded' topic with a relatively high budget. Review the success rates for individual topics from previous years to identify those with a higher likelihood of funding. However, ensure your project genuinely aligns with the topic's objectives.
Which SME Instrument topics have the highest chance of success?
Based on past data, topics 09 (Low-Carbon and Efficient Energy), 07 (Agri-Culture, Food and Bio-Based Sectors), and 06 (Health, Well-Being and Ageing Well) have shown higher success rates. However, it's important to remember that any project that aligns well with a topic has the potential to be funded.
Does a larger budget guarantee a higher success rate for a particular topic?
The budget size and the success rate don't always correlate directly. While a larger budget can potentially mean more projects are funded, it doesn't guarantee a higher success rate. The number of applicants and the quality of proposals also play significant roles.
Can I get funding for developing ICT solutions for health and wellbeing?
Yes, funding is available to accelerate the market introduction of ICT solutions for Health, Well-Being, and Ageing Well. The goal is to bridge the gap between research and market uptake of relevant ICT products and services in these areas.
Does the EU fund biotech companies?
Yes, there's dedicated support for biotechnology SMEs, especially those closing the gap between lab research and market application. Funding is available for SMEs working in industrial biotechnology and those using systems or synthetic biology.
Does the EU fund SMEs in agriculture and food?
Yes, the EU supports SMEs innovating in sustainable agriculture, forestry, agri-food, and bio-based sectors. This includes developing resource-efficient solutions for safe, healthy food, sustainable production systems, and low-carbon supply chains.
Can my company get funding for using nanotechnology in manufacturing?
Yes, funding is available to SMEs accelerating the uptake of nanotechnologies, advanced materials, or advanced manufacturing and processing technologies. The aim is to create added value by combining research results with other elements, transferring results across sectors, and accelerating innovation for profit or other benefits.
Is there funding for healthcare biotech SMEs?
Yes, there is support for innovative SMEs in the healthcare biotechnology sector. This includes funding for clinical research validating biomarkers and diagnostic medical devices, as well as cell technologies in medical applications.
Can my transport or smart city SME get EU funding?
Yes, the EU offers funding for small business innovation research in Transport and Smart Cities Mobility. This supports SMEs delivering innovations for sustainable and smarter mobility, better accessibility, and improved logistics in urban areas.
Are there funding opportunities for energy-related innovations?
Yes, the EU provides funding to stimulate innovation in SMEs for a low-carbon and efficient energy system. This includes projects focused on reducing energy consumption, low-carbon electricity, alternative fuels, smart grids, and new energy technologies.
Can my small business get funding for space-related projects?
Yes, the EU provides funding to engage SMEs in space research and development. This includes applications related to Galileo and Copernicus, spinning-in terrestrial solutions to space challenges, and developing critical space technologies.
What should the 'noun' in the title represent?
The noun in the title should clearly identify the product or service that your project is focused on. Examples include 'Point-of-Care Device' or 'Battery Management System'.
How long should my project title be?
While there's no specified length, aim for a concise title that effectively communicates the key aspects of your project. It should be easy to understand and memorable.
What kind of adjectives should I use in my project title?
Use adjectives that highlight the unique selling points of your product or service. Examples include 'integrated,' 'secure,' 'sophisticated,' or any other descriptive word that emphasizes its key features.
Should the title indicate the novelty of the project?
Yes, starting the title with an introductory word or phrase like 'The first' or 'Novel' can effectively highlight the innovative aspect of your project.
Is there a mandatory structure for the project title?
No, there isn't a strict structure, but a helpful template includes an introduction, adjectives describing USPs, a noun identifying the product, the product's USPs, and the broader impact. This template helps create a clear and impactful title.
Can the project title influence the evaluation of my proposal?
Yes, a well-crafted title can create a positive first impression and make your project more memorable to the evaluators. It's a crucial element in presenting your project effectively.
Where can I find examples of successful EIC Accelerator project titles?
You can find examples of successful abstracts, titles, and acronyms in the Community Research and Development Information Service (CORDIS) database and on the EIC Accelerator call page.
What is a 'USP' and why is it important in the title?
USP stands for Unique Selling Proposition. Highlighting the USPs in the title quickly communicates what makes your product or service different and better than existing solutions.
How can I determine the 'broader impact' to include in the title?
The broader impact should reflect the positive effects your project will have on the industry or Europe as a whole. Consider impacts like creating a circular economy, mitigating climate change, or developing new treatments.