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€ 3 billion in funding over the period 2014-
2020
Innovative
Idea
Test &
Co-create
Feasibility
Start-up
Development Scale-up Investment
Future Emerging
Technologies
FET OPEN
EIC Horizon Prizes:
Fast Track to
Innovation
FTI Phase-1
SME-Instrument Phase-2
SME-Instrument
Soft Blending
Awarded to the most innovative solutions to societal challenges
Integrated offer along the innovation and
business development value chain
€ 500 million
2014-2020 € 1.5 billion
2014-2020
• Networking with top-
level investors and
partners
• Support to product
launch on International
markets
• Business coaching of
up to 12 days
• Support innovation
capacity and strategic
needs
• Phase-1 – 50.000€ for
feasibility assessment
• Phase-2 – 0.5 to 2.5€
million for innovation
development &
demonstration
Equity Free Funding World-Class Coaching Acceleration Services
Smart money for European Innovators
Great results achieved to date: 14 companies floating on the stock market, 29 acquisitions
and a total of €1.3 billion of extra private investment leveraged
More figures and stories in the 2018 SME Instrument Report
Who are we looking for
single companies (from EU and associated countries)
disruptive innovation
great management team
clear ambition to scale-up
all sectors, products, services, new business models
demonstrated knowledge of the target market
convincing commercialisation plan
The SME Instrument is valuable for European investors because it’s able to de-risk deep tech companies by validating their product on the market. It can bridge the gap between product validation and commercialization, where private investors come in Ewa Treitz, Black Pearls VC
Full bottom-up and introduction of interviews are
the main new features of the evaluation under EIC
Pilot
Responsibility
Applicants
H2020 Evaluation team
Experts
Below threshold(s)
Above thresholds
Invited for interview
Not invited for interview
Proposed for funding
Not proposed for funding
Interviews: identify promising companies
Companies we are looking for
Highly innovative SMEs with ground-
breaking concepts
Using three identification criteria
Implementation Team's capability and motivation
to bring the innovation to the
market
Solid business model and
commercialisation strategy
Sound financial planning
Potential to create new market or
significantly impact existing
ones
Right timing (i.e. feasibility)
Capacity to shape new markets or
disrupting existing ones
High-growth potential with European
and global ambitions
Impact
Excellence
• Corporate Days
• Trade fairs
• Investor matching
• EIC Community
• EIC Academy
EIC-SMEI Acceleration Services
SME Instrument in numbers
4129 beneficiaries
913 in Phase 2
1.64 billion in funding
5% - 8% success rate
SMEI beneficiaries by industry
0
100
200
300
400
500
600
700
800
900
Health, Energy and Enterprise Software account for 55% of the SMEI portfolio
Beneficia
ries
SME Instrument portfolio performance
29 acquisitions since 2014
73% of acquirers
from Europe,
24% from
the United States
and 3% from Japan
14 IPOs since 2014 (95% on
European stock
exchanges)
~3 billion in post-SMEI
investments
10% of
European
tech IPOs in 2017
(according to
State of European
Tech report)
© E
uro
pean U
nio
n,
2017 | P
ictu
re ©
olly
, #156251554
, 2017.
Sourc
e f
oto
lia
Fast Track to Innovation
Fast Track to Innovation: objectives
Horizon 2020
participation Private investment
Co-creation and
innovation
Fast Track to Innovation in numbers
Launched in 2018 following a pilot in 2015/16
500 € million budget of which 200 € million for the pilot
617 proposals received in 2018
128 running projects running including 89 from the pilot
14 projects in preparation
Fast Track to Innovation: conditions
100 million / year No topic limitation
Max 5 partners 3 years to launch
Full bottom-up – any kind of entity – simple
application
Responsibility
Applicants
H2020 FTI Evaluation team
Experts
Below threshold(s)
Above thresholds
selected
Not selected
Fast Track to Innovation: cut-off
23 May 2019 22 October 2019 ------------------------- 19 February 2020 09 June 2020 27 October 2020
Proposals received in 2018 (Success rate 6,9 %)
138
216
268
15 14 14
[VALUE] days [VALUE] days
[VALUE] days
0
50
100
150
200
250
300
Cut-off 1 Cut-off 2 Cut-off 3
Num
ber
of pro
posals
/contr
acts
Proposals Contracts Time to inform
Proposals received by keyword in 2018
172
121
67 66
36 34 27
20 18 17 14 9 9 5 2 0
20
40
60
80
100
120
140
160
180
200
Num
ber
of pro
posals
Engineering/Technology and Health were the most popular keywords, followed by ICT and Energy
Funding captured
15 investments in 13 companies, including:
580k € grant in Aug 2015 20m € late VC in Apr 2016
660k € grant in Nov 2015 63m € Series C in Sep 2018
1.3m € grant in Mar 2016 4.6m € Series A in Jun 2017
Funding captured
1 IPO and 2 acquisitions:
580k € grant in Aug 2015 109m € IPO in Mar 2017 (Euronext)
930k € grant in Aug 2016 Acquired by Agilent (US) in Jan 2018 (details undisclosed)
590k € grant in May 2016 Acquired in Sep 2018 (details undisclosed)
© E
uro
pean U
nio
n,
2017 | P
ictu
re ©
olly
, #156251554
, 2017.
Sourc
e f
oto
lia
Enhanced EIC pilot 2019-2020