An ongoing tailored service for support to fundraising. EIT Health and Invest Health (EIT Health SI GmbH, a wholly owned affiliate of EIT Health e.V.) have been collectively offering services since 2016, creating an unrivalled portfolio of the right investment and financials entry points. Its business services facilitate investment for European companies from venture and corporate players to achieve their corporate and financial needs and international ambitions. This service aims to enable EU-based innovative life sciences companies to attract capital to develop, scale faster, and globalise at rates competitive with US and Asia. This service will leverage on partnerships and relationships developed by EIT Health and Invest Health and its unique European life science financial market knowledge. The service will provide customised investment readiness support to selected startups and SMEs including: a) Investment journey diagnosis; b) Investment readiness roadmap; c) Capital raise campaign support; d) Facilitating personal, vetted, and value-generating connections; e) Scouting for corporates and cross-European VCs; f) Promotion to relevant potential investors. This service is delivered through a set of enabling tools: Outlining of context/ scope/ objectives/ key success factors/ timelines of the project. The methodology is based on a tailor-made approach: Initial 360° analysis of the needs, enabling a fully adapted and personalized offer; Customizable provision of experts/partners to help EIC beneficiaries to be investor-ready by answering and monitoring their needs; Expert support for the contracting of deals and transactions. The service will be conducted online, but a hybrid format is also possible if needed
Vetting Fee: To initiate our partnership, a €3,000 fee is required to cover a comprehensive deep-dive assessment. This analysis forms the foundation for a tailored collaboration, where the insights from this process will be leveraged in order for EIT Health to provide mentorship and bespoke services to position your company for success. Following this, we actively promote your business to EIT Health’s active network of over 150 investors.
Service Fee Structure:
- Seed & Pre-Series A: Service fees up to €20,000 + 3.5% success fee on funds raised.
- Series A+: Service fees up to €40,000 + 2.5% success fee on funds raised.
Note: Investors already on your cap table or engaging under NDA are excluded from success fee calculations. This adaptable fee structure is customised to your specific needs and will be further detailed during the application process.
This service will accept EIC beneficiaries and Seal of Excellence holders on a rolling basis. The submission of an application form will be required for the selection of participants. A. In the interest of delivering the highest chance of success to supported startups and SMEs, Get Funded will select startups and SMEs based on its customised, always-evolving understanding of the investment theses of the investor members in its network. EIC Beneficiaries and Seal of Excellence holders that are determined to be unlikely to be invested by these investors will not be supported by Get Funded. B. Generally speaking, EIC beneficiaries/Seal of Excellence holders found to be eligible for the service provision will be: Raising more than EUR 6m; Not have a signed fundraising agreement with a fundraising service, or other similar provider; Be expecting to begin their next fundraising round in the next 2-3 months at shortest. C. The vetting of selected EIC Beneficiaries and Seal of Excellence holders will begin once a participation agreement contract is signed by EIT Health and the EIC beneficiary or Seal of Excellence holders, detailing all contractual obligations and liabilities. In the interest of delivering high-quality, customised services, external service providers and/or experts may be used to deliver services to the supported EIC Beneficiaries and Seal of Excellence holders. D. More information can be requested through: sabine.runge@eithealth.eu. Don’t hesitate to reach out if you have any doubts regarding the service offer and the service fit to your needs.
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.