Supports highly innovative SMEs with ‘high risk high gain’ projects where there is a clear funding gap which needs to be filled to make the company/project investor ready
Project duration:
Innovation activities: 12 to 24 months
If TRL9 activities are included in the project: up to 48 months
TRL level:
5-6 to reach 8-9
- Development of business concepts into market-ready innovations (new or breakthrough technologies, products, processes, services and business models) and their rollout.
- Focuses on innovations building on scientific discovery or technological breakthroughs (‘deep tech’) and where significant funding is needed over a long timeframe before returns can be generated (‘patient capital’).
Funding percentage:
- 70%
- Total available budget: 1,13 billion €
Support per project:
- 2 options: grant only; blended finance
- Grant: up to €2,5M
- Equity: up to €15M (Blended finance)
Topics:
- Open calls and calls with specific challenges
- Single applicant submission possible
