EIC Experts Day

Draft Agenda

Thursday, May 14, 2020
Plenary meeting 10:00 AM - 12:30 PM
Workshop: Boosting equity in European innovative SMEs2:00 PM - 4:30 PM
Workshop: Assessing bankability2:00 PM - 4:30 PM
Workshop: Green Deal topic specific challenges2:00 PM - 4:30 PM
Plenary meeting 4:30 PM - 5:30 PM

 

 

Workshops description:

 

Green Deal topic specific challenges

The introduction of the Green Deal topic within the EIC Accelerator will focus on the Green Deal implementation by supporting the development and market roll-out of innovations that can tilt our socio-economic systems in a more sustainable path. The workshop will explore how to assess the contribution to the Green Deal in terms of 1) delivery on at least one of the sustainability goals and 2)quantitative estimation of the contribution.

The session will provide guidance to experts on how to evaluate the expected impact and its quantification. There will be a presentation followed by a Q&A session.

 

Assessing bankability

The introduction of blended finance within the EIC Accelerator will have an impact on the evaluation criteria.  The main changes will focus on evaluating the applicant’s financial needs in relation to its potential to scale-up and its “non-bankability”.  This workshop will explore how to assess the two new criteria in the EIC Accelerator:  1) the ability to leverage sufficient investment and 2) the potential to scale-up. 

The session will provide definitions of the criteria and will also provide guidance to experts on how to evaluate the applicant’s financial needs in relation to these two criteria.  There will be a presentation followed by a Q&A session.

 

Boosting equity in European innovative SMEs

Since October 2019, the EIC Accelerator is offering a new, agile financial support to SMEs applying for EU support through the ‘blending  finance’. Built on a grant component, the equity part is aiming at  providing patient capital having a longer holding period than typical VC investments, and on an “impact investment” basis rather than pure “return on investment”. The EIC Fund through its partner network will provide access to mentors who can offer dedicated advice and open doors for market access to EIC Fund investees. The EIC Fund through its partner network will provide access to mentors who can offer dedicated advice and open doors for market access to EIC Fund investees. The features of the funding will typically be more founder friendly than those of VC funds, in terms of % stake in the company / valuation, investment conditions, etc.

This workshop will explain in details how the equity feature, providing guidance on how the EIC Fund is operating and its achievements until now. There will be a presentation followed by a Q&A session.