An ongoing service for access to funding and investment preparations targeting EIC Beneficiaries.
There are two sub-services within this service package (choose 1 at a time):
2A) Access to EIB Venture Debt:
Support is offered through the following, for beneficiaries to potentially avail the EIB’s Venture Debt –
- Initial Contact (dry run) for company with the EIB
- Support in Investment case building
- Support in addressing gaps: Documentation review, Mentoring support for application, Pitch & Interview Coaching
- Due Diligence preparation (to be used for and support EIB evaluations)
- Issuance of a Letter of Recommendation by EIT Manufacturing
- Support in the final negotiation process, as required
(Please refer to the link for details about EIB and product, and requirements (Domain, Size, required Funding size, etc.) to be considered: https://www.eib.org/en/products/equity/venture-debt/index.htm)
2B) Access to EIC STEP Scale Up:
Support is offered through the following, for beneficiaries to potentially avail the EIC’s STEP ScaleUp Instrument –
- Support in Investment case building
- Support in addressing gaps: Documentation review, Mentoring support for application, Pitch & Interview Coaching
- Due Diligence preparation (to be used for and support EIC-EIB evaluations)
- Support in the final negotiation process, as required
(Please refer to the link for details about EIC and product, and requirements (Domain, Size, required Funding size, etc.) to be considered: https://eic.ec.europa.eu/eic-funding-opportunities/step-scale_en)
The pricing for the services offered as support to the EIC Beneficiary, for the pre-defined period of support assessed on a case-by-case basis, are as follows:
Support to Investments -
2A) Access to EIB Venture Debt: €25000, & success fee 2.5% (maximum)
2B) Access to EIC STEP Scale Up: €25000, & success fee 2.5% (maximum)
Upto 50% costs of service(s) could be reimbursable by the EIC Access+ initiative.
These services are offered by EIT Manufacturing personnel (points of contact) that are directly based in its Regional offices across Europe and/or its Headquarters. (Each regional office caters to specific geographies (countries that are
signatories to the Horizon Europe programme), and cross-regional liaison is also possible for relevant activities.) Link: https://www.eitmanufacturing.eu/in-your-country/
The services may only be offered to companies that fit the strategic objectives of EIT Manufacturing and associated/partner manufacturing entities. For more information, please click here: https://www.eitmanufacturing.eu/news-events/background-information/
EIC Beneficiary applicants should note that under the usual circumstances, the support period is expected to last 2-12 months, depending on the needs of the startups and service requirement. Nevertheless, the period may be adjusted depending on the requirements of EIC Beneficiary applicants and the EIC Partner’s capacity at that moment in time, keeping in mind this Partnership Programme’s duration and timeline as well (e.g., the period will be reduced/increased). All service periods will be assessed on an individual basis.
Support Fundraising
Are you in doubt if this is the right service for you, or do you want to get more information about the service? Get in touch with the EIC Partner providing this service through this query form!
Is this the service you are looking for? If so, you can apply to the service through EIC ACCESS+! Eligible applicants can also get co-funding through the EIC ACCESS+ initiative. Find out more on the project webiste.
Receive up to €60,000 in grants, covering up to 50% of the costs, to access specialised services from the EIC Service Catalogue. Learn more on the EIC ACCESS+ website.