The funding and support are organised into three main funding schemes:
- EIC Pathfinder for advanced research to develop the scientific basis to underpin breakthrough technologies.
- EIC Transition to validate technologies and develop business plans for specific applications
- EIC Accelerator to support companies (SMEs, start-ups, spin-outs, and in exceptional cases small mid-caps) to bring their innovations to market and scale-up.
Linkages between these funding schemes will be maximised through proactive management and new approaches, such as additional grants to ongoing Pathfinder projects, a Marketplace to connect preliminary and final research results with entrepreneurs and investors, and the Fast Track scheme from Pathfinder and Transition to enter the Accelerator.
What is the Business Readiness Level?
The TRL level, as commonly used in H2020, can be used to define whether a technology is ready for commercialisation or not, but it does not adequately capture how “ready” the technology-based company is to go to market…