SME Instrument

€ 3 billion in funding over the period 2014-

2020

Innovative

Idea

Test &

Co-create

Feasibility

Start-up

Development Scale-up Investment

Future Emerging

Technologies

FET OPEN

EIC Horizon Prizes:

Fast Track to

Innovation

FTI Phase-1

SME-Instrument Phase-2

SME-Instrument

Soft Blending

Awarded to the most innovative solutions to societal challenges

Integrated offer along the innovation and

business development value chain

€ 500 million

2014-2020 € 1.5 billion

2014-2020

• Networking with top-

level investors and

partners

• Support to product

launch on International

markets

• Business coaching of

up to 12 days

• Support innovation

capacity and strategic

needs

• Phase-1 – 50.000€ for

feasibility assessment

• Phase-2 – 0.5 to 2.5€

million for innovation

development &

demonstration

Equity Free Funding World-Class Coaching Acceleration Services

Smart money for European Innovators

Great results achieved to date: 14 companies floating on the stock market, 29 acquisitions

and a total of €1.3 billion of extra private investment leveraged

More figures and stories in the 2018 SME Instrument Report

Who are we looking for

single companies (from EU and associated countries)

disruptive innovation

great management team

clear ambition to scale-up

all sectors, products, services, new business models

demonstrated knowledge of the target market

convincing commercialisation plan

The SME Instrument is valuable for European investors because it’s able to de-risk deep tech companies by validating their product on the market. It can bridge the gap between product validation and commercialization, where private investors come in Ewa Treitz, Black Pearls VC

Full bottom-up and introduction of interviews are

the main new features of the evaluation under EIC

Pilot

Responsibility

Applicants

H2020 Evaluation team

Experts

Below threshold(s)

Above thresholds

Invited for interview

Not invited for interview

Proposed for funding

Not proposed for funding

Interviews: identify promising companies

Companies we are looking for

Highly innovative SMEs with ground-

breaking concepts

Using three identification criteria

Implementation Team's capability and motivation

to bring the innovation to the

market

Solid business model and

commercialisation strategy

Sound financial planning

Potential to create new market or

significantly impact existing

ones

Right timing (i.e. feasibility)

Capacity to shape new markets or

disrupting existing ones

High-growth potential with European

and global ambitions

Impact

Excellence

• Corporate Days

• Trade fairs

• Investor matching

• EIC Community

• EIC Academy

EIC-SMEI Acceleration Services

SME Instrument in numbers

4129 beneficiaries

913 in Phase 2

1.64 billion in funding

5% - 8% success rate

SMEI beneficiaries by industry

0

100

200

300

400

500

600

700

800

900

Health, Energy and Enterprise Software account for 55% of the SMEI portfolio

Beneficia

ries

SME Instrument portfolio performance

29 acquisitions since 2014

73% of acquirers

from Europe,

24% from

the United States

and 3% from Japan

14 IPOs since 2014 (95% on

European stock

exchanges)

~3 billion in post-SMEI

investments

10% of

European

tech IPOs in 2017

(according to

State of European

Tech report)

© E

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Fast Track to Innovation

Fast Track to Innovation: objectives

Horizon 2020

participation Private investment

Co-creation and

innovation

Fast Track to Innovation in numbers

Launched in 2018 following a pilot in 2015/16

500 € million budget of which 200 € million for the pilot

617 proposals received in 2018

128 running projects running including 89 from the pilot

14 projects in preparation

Fast Track to Innovation: conditions

100 million / year No topic limitation

Max 5 partners 3 years to launch

Full bottom-up – any kind of entity – simple

application

Responsibility

Applicants

H2020 FTI Evaluation team

Experts

Below threshold(s)

Above thresholds

selected

Not selected

Fast Track to Innovation: cut-off

23 May 2019 22 October 2019 ------------------------- 19 February 2020 09 June 2020 27 October 2020

Proposals received in 2018 (Success rate 6,9 %)

138

216

268

15 14 14

[VALUE] days [VALUE] days

[VALUE] days

0

50

100

150

200

250

300

Cut-off 1 Cut-off 2 Cut-off 3

Num

ber

of pro

posals

/contr

acts

Proposals Contracts Time to inform

Proposals received by keyword in 2018

172

121

67 66

36 34 27

20 18 17 14 9 9 5 2 0

20

40

60

80

100

120

140

160

180

200

Num

ber

of pro

posals

Engineering/Technology and Health were the most popular keywords, followed by ICT and Energy

Funding captured

15 investments in 13 companies, including:

580k € grant in Aug 2015 20m € late VC in Apr 2016

660k € grant in Nov 2015 63m € Series C in Sep 2018

1.3m € grant in Mar 2016 4.6m € Series A in Jun 2017

Funding captured

1 IPO and 2 acquisitions:

580k € grant in Aug 2015 109m € IPO in Mar 2017 (Euronext)

930k € grant in Aug 2016 Acquired by Agilent (US) in Jan 2018 (details undisclosed)

590k € grant in May 2016 Acquired in Sep 2018 (details undisclosed)

© E

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olly

, #156251554

, 2017.

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Enhanced EIC pilot 2019-2020

An Enhanced EIC pilot for 2019-2020

Advisory Board

EIC

Pathfinder

Accelerator

Other actions

FET-Open

FET-Proactive

SMEI

Horizon Prizes

Exploratory and support

actions

Equity component (optional) -SPV-

Pro

gra

mm

e

managers

FTI