
Frequently Asked Questions
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What does a low score in the 'Impact' section mean?
A low Impact score suggests that the proposal didn't adequately address commercial aspects like customer needs, market analysis, commercialization strategy, intellectual property, or regulatory considerations. It could also mean the European dimension of the project wasn't sufficiently emphasized.
What's considered a good overall score on the EIC Accelerator ESR?
The maximum score is 15, with the official threshold for success being above 13. However, an unofficial threshold of above 13.6 is often cited. Scores below 12 usually indicate significant issues with the project's innovation or the proposal's quality.
What are some common flaws in EIC Accelerator proposals?
While specific flaws vary, common issues include neglecting customer needs, a weak commercialization strategy, unclear innovation, insufficient detail in work packages, and inconsistencies between different parts of the application. Addressing these areas can improve your score.
If my score is between 12.5 and 13.5, what should I focus on?
A score in this range suggests the proposal is generally well-written but lacks specific details needed to pass the unofficial threshold. Focus on customizing detailed changes to your project, addressing common flaws found in proposals with similar scores.
What does a low score in the 'Implementation' section suggest?
A low Implementation score implies weaknesses in the work packages, further development stages, tasks, team, partners, timing, budget, or other concrete development steps. This could be due to a lack of clarity on how the grant financing will be used or inconsistencies within the application.
If my score is below 12, what should I do?
A score below 12 indicates that extensive work is needed. You should re-evaluate the innovation of your project or seriously rework the proposal to improve its quality, clarity, design, quantifications, and explanations.
Why is 'non-bankability' important for the EIC Accelerator?
'Non-bankability' is a key criterion because the EIC Accelerator aims to fund projects that cannot secure financing from other sources. You need to demonstrate that your project is high-risk and requires further de-risking, making it unattractive to traditional investors.
How does this guide differ from the official EIC Accelerator template?
This guide offers a more general approach to structuring the 'Technology' section, focusing on why the EIC Accelerator is needed instead of private investment. It prioritizes EU-specific narratives and omits some key sections to provide a clearer perspective on arguing for EIC support.
What if my technology doesn't directly address the identified problem?
If your technological developments don't directly address the problem, they won't be viewed as essential, and your grant proposal's evaluation score will likely be low. Ensure a clear and direct connection between the problem and your solution.
What kind of 'traction' should I highlight in my proposal?
Showcase any existing traction, such as pilot customers, validations, and Letters of Intent (LOI). This demonstrates that there's real-world interest in your product or service and helps to mitigate the perception of it being a new and unproven technology.
What does 'scaling' mean in the context of the EIC Accelerator?
'Scaling' refers to the potential for your project to achieve global reach and become a future EU unicorn startup. You should explain why your project has the capacity to scale and quantify its potential impact on the environment, industry, and the EU.
How should I present the EIC Accelerator in my proposal?
Position the EIC Accelerator as the ideal solution for financing your innovation project. Explain how the EIC's support is crucial for solving the EU problem you're addressing and how it will act as a springboard to achieve commercialization.
What should the 'Technology' section of my EIC Accelerator proposal cover?
The 'Technology' section should clearly present your innovative solution and explain how it directly addresses the problem you've identified. Highlight the unique selling points (USPs) of your technology and demonstrate that it's a 'must-have' solution, not just a 'nice-to-have'.
What should I include in the 'EIC Accelerator' section of my proposal?
In this section, highlight the necessity of the work packages, the implementation plan, and the desired outcome of your project. Explain how the EIC Accelerator's funding will be used and why it's a crucial step in realizing your project's development.
What if my company has limited funds for a consultant?
If budget is a major constraint, carefully weigh the costs of internal preparation against the potential benefits of external expertise. Explore consultancies offering flexible payment plans or success-based fees. Remember that a well-prepared application can significantly increase your chances of securing funding.
What kind of skills should my team have if we decide to write the application internally?
Your team should possess strong writing, editing, and business planning skills. Experience in securing research grants, crafting commercial strategies, and incorporating feedback from investors is also crucial. Be realistic about your team's capabilities and seek external feedback if needed.
How do I assess my company's internal skill level for writing a competitive proposal?
Review your past success in securing similar grants and funding. Evaluate your team's experience in writing business plans and commercial strategies. Seek feedback from investors and stakeholders on your existing materials to identify areas for improvement.
Where can I get a free assessment of my project's suitability for the EIC Accelerator?
Reach out to multiple consultancies that specialize in EIC Accelerator grant writing. Many offer free initial assessments to evaluate your project's potential and provide feedback on its innovativeness and alignment with the program's criteria. This can help you make an informed decision.
What are the financial considerations when deciding to hire a consultant?
Consider the consultancy fees versus the opportunity cost of internal team members spending time on the application. Evaluate the potential impact on product development and core business activities. Explore different consultancy options and their pricing structures to find a solution that fits your budget.
Is there a risk that the advantage currently given to female CEOs might diminish?
Yes, the special advantage for women, along with coaching support, might be shorter-lived than anticipated. The inclusion of non-binary gender options and potential political pressures could reshape the playing field and affect the enforcement of gender equity targets.
What should female entrepreneurs do given these potential changes?
Excellent female entrepreneurs should seize the opportunity to apply to the EIC Accelerator now while high funding rates of 35% are still enforced. Political pressure might eventually lead to changes in the program's gender equity policies.
Could the inclusion of 'non-binary' as a gender option be exploited in the EIC Accelerator application process?
Potentially, yes. Because gender identity is defined as a 'deeply felt experience' without time limitations, there's a possibility that some male CEOs might designate themselves as non-binary to gain an advantage, especially if the status of non-binary becomes equivalent to that of a female applicant.
What was done to prevent male CEO's from simply appointing a female CEO for the application?
When the beneficial treatment of female CEO's was announced, it was also made clear that the respective person would have to be in the CEO position for a longer timeframe and not be elected CEO just for the purpose of the EIC Accelerator submission.
How might a CEO respond to questions about gender identity during the EIC Accelerator interviews?
It's speculated that a CEO might dismiss critical jury questions about gender identity by stating, 'I would prefer not to discuss my gender identity.' This could potentially be used to avoid scrutiny or gain an advantage in the evaluation process.
What changes have been made to gender identification in the Horizon Europe grant proposal template?
The newest Horizon Europe grant proposal template now requires applicants to select their gender from the options of male, female, and non-binary. Previously, the 'undisclosed' option was available, which was effectively treated as male during the evaluation process.
What is the EIC Accelerator blended financing?
The EIC Accelerator blended financing is a competitive funding program by the European Commission that provides both grant and equity funding to startups and SMEs. It aims to support innovative projects that address societal challenges and meet sustainability targets, with a strong emphasis on gender equity.
What is the European Commission's definition of gender identity?
The European Commission defines gender identity as each person’s deeply felt internal and individual experience of their own gender, whether as a man, a woman or non-binary, which may or may not correspond to the sex assigned at birth.
How have gender equity targets impacted female entrepreneurs applying for the EIC Accelerator?
Gender equity targets have significantly benefited female entrepreneurs by increasing their funding rates from under 5% to 35% or higher. This gives female CEOs a slight advantage in the competitive EIC Accelerator application process, potentially making the difference between acceptance and rejection.
What percentage of EIC Accelerator funding is targeted for female-led companies?
The initial goal was to allocate 25% of EIC Accelerator funding to women-led companies. In the May cut-off, this target was exceeded, with 34% of the selected companies being led by female CEOs.
What should I highlight in my EIC Accelerator application regarding gender?
Address your company's hiring practices, gender treatment policies, and the potential impact of your project on gender equality. Research and discuss any repercussions of your technology on gender differences to strengthen your application.
Where can I find more information about the EIC Accelerator and its requirements?
Refer to the European Commission's official website for the EIC Accelerator program. You can also find helpful resources and guidance on writing a strong proposal, including information on business models and evaluation criteria, from reputable consulting firms.
If my company's application was previously rejected, should I reapply now that I have a female CEO?
Yes, reapplying is a good idea. The threshold for interview invitations is lower for female CEOs, potentially giving your application a better chance of success in future cut-offs. Make sure your proposal is professionally written and of high quality.
What if my company has a mixed-gender leadership team, but not a female CEO?
While not as advantageous as having a female CEO, having female team members can still positively influence your application. The evaluation process considers gender equality policies within the company, so highlighting these efforts is beneficial.
How does the EIC Accelerator know the gender of the CEO?
The EIC Accelerator requires applicants to declare the gender of their CEO in the submission forms. If the gender is not declared, it is considered to be male by default. This information is used to ensure the selection quotas for female-led companies are met.
How does having a female CEO impact my chances of getting EIC Accelerator funding?
Having a female CEO can significantly improve your chances. The EU has implemented policies to increase the number of women-led companies receiving funding, even reducing the minimum score needed for an interview invitation for female CEOs.
Does having a female CEO guarantee funding from the EIC Accelerator?
No, having a female CEO doesn't guarantee funding. While it provides an advantage, your proposal still needs to be a high-quality business proposal with a strong evaluation score. The policy simply increases the chances of receiving an interview invitation.
What are the key areas to assess when evaluating the innovation of an EIC Accelerator applicant?
The main areas to assess are the origin of the innovation (technical or industry-driven), how well it solves a customer pain point, the status of its intellectual property rights (IPR), and the barriers that prevent competitors from easily copying the innovation.
Why is it important to understand the relationship between customer pain points and the innovation's unique selling points?
Understanding this relationship helps determine if the innovation is truly valuable and profitable. It reveals whether customers will actually want the innovation because it effectively addresses their needs and offers a compelling advantage over existing solutions.
Where do most innovative companies applying for EIC Accelerator funding originate from?
Most innovative companies come from either a technical background (like university spin-offs) or an industry background (with close ties to stakeholders experiencing the customer pain point). These origins often indicate the quality and potential of the innovation.
If an innovation is very different but not necessarily better or cheaper, is it likely to be funded by the EIC Accelerator?
No, it's unlikely. The EIC Accelerator prioritizes innovations that are not only different but also provide tangible benefits to customers, such as being easier to use or more cost-effective than existing alternatives. Simply being different isn't enough.
How does the EIC Accelerator define 'innovation'?
The EIC Accelerator defines innovation as something unique and new that has the potential to disrupt or create markets. They are looking for companies that can become future European unicorns, valued at over €1 billion, through groundbreaking innovations.
Does having a patent automatically guarantee a high innovation score in the EIC Accelerator application?
No, a patent alone doesn't guarantee a high score. While IPR is important, the application needs to clearly demonstrate how the innovation addresses customer needs and is superior to market alternatives. The patent is just one piece of the puzzle.
What is the most important factor to consider when assessing an EIC Accelerator applicant?
Innovation is the most important factor. The EIC Accelerator, managed by the European Innovation Council, prioritizes market-disrupting and market-creating companies. Therefore, a thorough assessment of the project's innovative nature should always be the first step.
Is it always best to patent an innovation to protect it?
Not necessarily. Sometimes, keeping an innovation secret can be a better strategy than patenting it. A patent can reveal too much information to competitors, potentially jeopardizing the startup's success, especially if the innovation is easily reverse-engineered.
What kind of barriers to entry should an innovation have to be considered strong for EIC Accelerator funding?
Strong innovations should have barriers that prevent competitors from easily copying them. These barriers can include proprietary know-how, unique methods, strong IPR, a significant head start, or established commercial relationships and exclusivity agreements.
Why might I choose Adobe InDesign over Microsoft Word for my EIC Accelerator proposal?
InDesign offers greater control over design, formatting, image quality, and PDF export, which can be crucial for meeting page and file size limitations. It avoids frustrating formatting glitches common in Word, especially during revisions. InDesign ensures a superior final outcome in terms of visual presentation.
What are the size limitations for the PDF documents?
Document 1 (Main proposal), Document 2 (Annexes), and Document 3 (Financial documents) each have a maximum file size of 10MB. Document 4 (Pitch deck) also has a 10MB limit.
Is InDesign better for documents with many embedded PDFs, like Document 2 (Annexes)?
Yes, InDesign is significantly better for handling documents with numerous embedded PDFs, such as CVs or support letters in Document 2. Its design focus and robust PDF handling capabilities make it superior to Word for managing large, visually rich documents.
Does the choice of software (Word or InDesign) impact the evaluation of my proposal?
No, the choice of software itself doesn't directly impact the evaluation. However, a well-designed and formatted proposal created with InDesign can present your information more effectively, potentially improving the overall impression and readability for the evaluators.
What if I need to collaborate with others on writing the proposal?
If extensive collaboration with tracked changes and comments is essential, Microsoft Word might be a better choice despite its formatting limitations. Consider assigning one person to finalize the formatting in InDesign after collaborative editing in Word.