SME Funding – the new EIC Accelerator scheme within Horizon Europe
Event details
With eight companies floating on the stock market, 18 acquisitions and a total of €1.3 billion of extra private investment leveraged, the SME Instrument has established itself as an essential player on the European SME and startup scene. Since its start in 2014, the SME Instrument has invested in a unique selection of 3200 small and medium-sized enterprises (SMEs) to get their breakthrough innovations faster on the market. From a total budget of €3 billion, €1.3 billion were committed from 2014 to the end of 2017.
In 2018, SME Instrument became part of the European Innovation Council (EIC) Pilot. The EIC brought together four active schemes: the SME Instrument, Fast-Track to Innovation, Future and Emerging Technologies (FET Open) and EIC Prizes.
Since then there have been many vast changes. For example, the SME Instrument Phase I grant ceased in September 2019, and a mandatory Blended Finance option was added to EIC Accelerator (formerly SME Instrument Phase II). Now that Horizon Europe is starting, there is a new set of rules for the EIC Accelerator.
Innovation will become more prominent in Horizon Europe which is recognized in Pillar 3 Innovative Europe. Therefore, researchers and RMAs should prepare for it and need to understand not only its intention but also how it will be implemented.
Often start-up companies are created as spin-offs from Academia. Some of these companies are being hosted by the institute in their early stages. Funding is very crucial for such young companies and they may approach RMAs to seek advice. Therefore, this session is relevant and important to RMAs.
Agenda
- Live and Interactive Oral session (ca. 30 min)
- Q&A
Learning outcomes
Introduction to the new scheme of EIC and lessons learned from the previous pilot in H2020.
Speakers
Katrin Reschwamm is an experienced Managing Director with a demonstrated history of working in the research industry. Skilled in International Project Management, Analytical Skills, Innovation Management, Coaching, and Entrepreneurship. Strong business development professional with a Master of Business Administration (MBA) from The Open University and certified Senior Project Manager (IPMA – Level B). In addition, Katrin is an active member in several associations: Logistics, Project Management, Research Management. Until December 2020, Managing Director of EUrelations AG, located in Zurich, Switzerland.
Yoram Lev Yehudi is experienced project manager with hands on in research support, project initiation, administrative and financial management. Strong background in IT resulting from various positions in Israel hi-tech industry, including positions in international firms. Experience with EU research area since 1997. MBA (corporate financing and IT), B.Sc. (exact sciences) from Tel-Aviv University. Certified Change Manager (ProSci). Currently general manager of Orientos, UAB. Located in Vilnius, Lithuania, it is a privately held firm specializing in research support and innovation management.
Content duration:
1 Hour
18 Minutes
49 Seconds
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SME Funding
This session hosted by Katrin Reschwamm and Yoram Lev Yehudi highlights the elements of the EIC Accelerator in Horizon Europe and shares lessons learnt from EIC under H2020.
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