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CORDIS

SynergistEIC: Boosting Synergies between EIC and Startup Europe

Project description

A spotlight on Europe’s innovation ecosystem

The EU is supporting breakthrough and deep-tech innovations and encouraging innovators, scientists, entrepreneurs and small companies to develop ideas for market. The European Innovation Council is front and centre in this process, helping early-stage researchers turn their ideas into successful start-ups and scale-ups. In this context, the EU-funded SynergistEIC project will further support European digital and deep-tech start-ups to increase their competitiveness and succeed. The focus will be on start-ups in the climate-tech, green-tech, circular economy and agri-food sectors. After identifying 30 digital and deep-tech startups, the project will award them sub-grants, provide them with tailored advisory opportunities and connect them with investors and other key players in the innovation ecosystem.

Objective

The EU takes significant measures to nurture European startups and scaleups in their growth, especially via the European Innovation Council. One its most impactful instruments, the EIC Accelerator, provides substantial financial support for SMEs, startups, spin-outs and in some cases small mid-caps. Despite the high-quality applications, the success rate is still low with only a minor fraction of applicants receiving funding. In reality, many more startups need support in creating a high-impact innovative product, service or business model. Even applicants who obtain a Seal of Excellence from the EIC Accelerator struggle to secure appropriate alternative funding from other sources. High quality support should be available to many more companies than those selected by the EIC Accelerator. SynergistEIC project is conceptualized by four partners with experience in advising technology startups and running FSTP measures. The project’s long term strategic objective is to help European digital and deep tech startups scale in the EU and globally, contributing towards EU’s autonomy in strategic sectors. This will be achieved by providing tailored, specific and hands-on support to European impact-driven startups, notably in the sector of climate-tech, green-tech, circular economy and agri-food to increase their competitiveness and readiness to succeed in EIC Accelerator. SynergistEIC project will identify and select 30 digital and deep tech startups (10 startups that are Seal of Excellence holders or those who passed Step 1 of EIC Accelerator application, and 20 non-EIC applicants), especially from Widening countries, through two waves of open calls. The team will award them with sub-grants, tailored advisory and acceleration services. It will also raise their awareness of EU funding and procurement opportunities, and will connect them with investors, and national and European innovation ecosystem actors, to boost their scalability and business performance.

Coordinator

ASOCIATA SPHERIK
Net EU contribution
€ 1 690 298,75
Address
STRADA GARII 21
400267 Cluj Napoca
Romania

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Macroregiunea Unu Nord-Vest Cluj
Activity type
Other
Links
Total cost
€ 1 690 298,75

Participants (3)