Deadline: 22-Sep-21
The European Commission’s (EC) European Innovation Council (EIC) Transition Open 2021 to support both the maturation and validation of a novel technology, and the development of a business case and business model towards the innovation’s future commercialisation.
EIC Transition projects should address both technology and market/business dimensions where iterative learning processes based on early customer feedback is possible.
These activities should include a suitable mix of research, technology development and validation activities to increase the maturity of the technology beyond proof of principle to viable demonstrators of the technology in the intended field of application (i.e. up to Technology Readiness Level 5 to 6) in the attempt to address market readiness towards commercialisation and deployment, as well as other aspects of regulation, certification and standardisation, aimed at getting both the technology and the business idea investment-ready.
The objectives of the EIC Transition are to mature both the technology and business idea to increase the project’s technology and its market readiness. By doing this, the EIC Transition offers its applicants a solid support to deliver on the market a technology that is effective for its intended application, as well as a successful business model and business plan for its development to the market.
EIC Transition Challenges fund activities to mature a technology beyond the experimental proof of principle in laboratory and to develop the business case for the market uptake of the technology in an innovation for a specific application or set of applications that address the objectives of the challenge.
As such, projects must address the twin development of technological and business aspects. The expected outcomes of your EIC Transition Challenge project are a technology that is demonstrated to be effective for its intended application, together with a business model and business plan for its development to market.
Funding Information
- Grants of up to EUR 2.5 million (or more if properly justified) to validate and demonstrate technology in application relevant environment and develop market readiness.
Eligibility Criteria
You can apply for EIC Transition Challenges either as:
- A single legal entity established in a Member State or an Associated Country (‘mono-beneficiary’) if you are an SME or a research performing organisation (university, research or technology organisation, including research teams, individual Principle Investigators and inventors in such institutions who intend to form a spinout company). Larger companies (i.e. which do not qualify as SMEs) are not eligible to apply as a single legal entity; or
- A small consortium of minimum two and maximum five independent legal entities (‘multi-beneficiary’) that may for example include universities, research organisations, SMEs or larger companies, user/customer organisations or potential end-users.
For more information, visit https://bit.ly/3sCMuVZ