Fast-track your business with the EIT RawMaterials Accelerator Programme

The Call for Phase 2 of the Accelerator Programme is now closed. 

This is a call for Start-ups that have participated in our Accelerator program Phase 1, graduated and fulfilling criteria to move to next step Phase 2. For the year 2019, we will also allow Start-ups which has been funded by Booster funding or in other way being supported, identified by EIT RawMaterials Innovation Hubs and their Business Development Managers. The Start-ups should meet criteria set in text below to be able to have value and capacity to accelerate their business idea and company and aim for accelerating their opportunity in rapidly developing this offering to the exploration, mining, mineral processing, metal & mineral & steel making and recycling industries as well as their suppliers of equipment and tools.

The call is to apply for Phase 2 of the Accelerator Programme of EIT RawMaterials. 

EIT RawMaterials is a partner network of over 120 companies and organisations that are working together to accelerate the pace of innovation in the above raw materials sectors as well as enhance competence development. The EIT RawMaterials partner-network is also keen to adopt relevant innovations from Start-ups and SMEs. SMEs and Start-ups are supported by the EIT RawMaterials partner network in a number of ways. In this particular call, Start-ups are encouraged to apply for Phase 2 of the Accelerator Programme, which aims to support you rapidly develop your business and customer understanding so that it becomes ready for business in the above raw materials industries.

The EIT RawMaterials Accelerator Programme is novel because it can make an introduction to customers in the EIT RawMaterials partner-network who are willing to adopt innovations; and, it connects local and national ecosystems to the Pan-European network of pilot & test infrastructure facilities as well as potential customers. We also supply grant funding to enable your team to participate in the Accelerator Programme.

The EIT RawMaterials Accelerator Programme aims to develop Start-ups so that they can rapidly become suppliers to, and perhaps future partners of, the EIT RawMaterials network.

Application for Accelerator Programme Phase 2 Build

The purpose of Phase 2 is to validate customer needs and verify business assumptions. The offering provided by the selected Start-ups should be at TRL 6-7.

Selected Start-ups receives up to €30K funding to cover the costs of participating in Phase 2.

Objectives for Phase 2:

  • Validate customer needs, market size and beachhead market, identify regulations and other specific criteria for technical and market entrance.
  • Validate key value drivers, build a 5 years financial forecast supporting/financing needs and strategy.
  • Complete a team supporting the next step

Phase 2 has a program duration of 3-6 months depending on individual Start-ups development, acceleration, constraints and opportunities. It starts with a 2-day workshop, continues with bi-weekly calls and monthly P2P sessions/experts talks. The progress of the Start-ups will be evaluated by a mid-assessment day and after 3 months followed by an individual assessment for the Start-ups to fulfil criteria and stage gate for continuing to Phase 3.

Target group and criteria:

  • The Start-up needs to be a registered legal entity
  • The Start-up needs to have a Team of more than one entrepreneur
  • The Start-up need to be prepared to work fulltime with a dedicated team
  • Showed good progress from completing ACP Phase 1 or if not graduated from ACP Phase 1 showed similar progress and level of stage concerning market identification, teamwork, attracted interest from market/ EIT RawMaterials partner.
  • If not graduated from ACP Phase 1, the Start-up need to participate and fulfil ACP Short-Cut, a workshop aiming to implement acceleration process chosen for EIT RawMaterials Acceleration Program
  • Product/Tech or service TRL 5-7; on a level prototype, Minimal Viable Product or demo
  • Market CRL 5-7; established interest for product & relations with a target customer
  • A fundamental slide deck/presentation
  • A milestone plans
  • Interview list of identified Customers/Stakeholders/Partners or other important contacts
  • Submitted application for Phase 2

Program for Phase 2 Build

Phase 2 has a duration of 3-6 months and the first three months has a defined program with mandatory action to attend for the teams. We would like to see two participants from each team attending due to alignment inside the team and speed their capacity to progress.

  • Kick-off Phase 2, a Workshop for 3 days.
  • Tuning- calls every third week, to continue and push for advancement Tuning- calls stand for an important way of receiving feedback on work identifying, verifying important assumptions. Tuning-calls will be organised every third week by the teams and their assigned Business Developer Coach and Process leader will attend. Tuning- calls will be held by webinar. The format will be discussion based on action plans forward and “home lessons” to next call.
  • Assessment day, a 2-day workshop that will frame the teams progress.

The workshop starts with pitch/presentation training day one and day two followed by pitching session. The Pitching is mandatory and one part of the evaluation for your progress.

  • For the last 3 months, individual coaching will be planned for each team and lead by assigned coach and Innovation Hub (CLC).

The Kick-off workshop is planned to be held during week 10 with a start on 4-6 March 2019, the location will be provided along with the announcement of the 12 selected companies. At this first workshop, the selected Start-ups will be provided with more details about the process, program and expectations. In order to integrate and link new innovation to the EIT RawMaterials consortium, we will invite our partners directly to be active in selected activities, all to create a bigger impact and supporting progress.

How to apply

For Phase 2-Build 2019, interested candidates apply via the link provided below. Candidates are asked to file an Application form describing their Start-ups, their innovation and application towards EIT RawMaterials. All applications, pitching and reporting shall be done in English.

More information about the EIT RawMaterials Accelerator Program Phase 2 Build can be found here.

 

Application

Application deadline is 28 January 2019 at midnight CET.

Europe is home to world-leading manufacturing industries, game-changing innovative technologies and an entrepreneurial infrastructure that can enable the transition to a resource efficient, sustainable, society as envisioned in the EU 2020 agenda. A sustainable supply of mineral resources (metals, construction material) is vital for the development of these core industrial activities and their long-term economic success. However, Europe has become highly dependent on imports of these mineral resources, particularly critical raw materials, which is a key threat to future business in Europe.

EIT RawMaterials activities in the area of Business creation and Support seeks to boost innovative Start-ups and SMEs in the following themes:

1. Exploration and raw materials resources assessment

Technologies and solutions for improved and new mineral exploration. As an example, solutions could include:

  • New and improved geological models, better exploration model understanding and techniques for going 3D/4D, drones, etc.
  • New instrumentation, methods and technologies for more reliable, cheaper, faster and safer mineral exploration, including technologies and services for innovative data acquisition, big data analysis/handling and utilize existing/historical dataset for exploration and mining
  • Application of new innovations, new geological models and rethinking/re-evaluations of geological settings/prospects to provide new exploration prospects and mining targets

2. Mining in challenging environments

Technologies and solutions for more efficient, safer and sustainable modern mining. As an example, solutions could include:

  • Application of new technologies/services for more efficient production, better safety, better utilization of equipment and employees for mining. Virtual reality, UAVs/ robotics, automation, real-time data that will improve planning, scheduling of operations and delivering better efficiencies and cost savings
  • Innovative services, approaches and products in order to ensure public understanding and awareness about the need for raw materials, exploration and mining, ensure cooperate social responsibility and social license to operate as well as added values of mining including remediation

3. Increased resource efficiency in mineral and metallurgical processes

Technologies and solutions for mineral and metal processing and for improved material production. As an example, solutions could include:

  • Optimized extraction and production processes for metals and alloys, improving the efficiency of the process, using less energy and water, reducing cost and the production of waste

4. Recycling and material chain optimisation for End-of-Life products

Technologies and solutions for materials supply from secondary sources and recycling. As an example, solutions could include:

  • Solutions for recycling of end-of-life products, extraction from industrial residues, tailings, urban and landfill mining, demolition of buildings (e.g. WEEE, batteries, magnets, solar cells etc.)
  • Cost efficient and clever collection, dismantling and sorting of waste

5. Substitution of critical and toxic materials in products and for optimised performance

New technologies or services that make it possible to substitute or use less critical or toxic materials in key industries. Examples:

  • Substitution of critical and toxic metals in specific energy materials, like Pt in fuel cells, Co in lithium-ion batteries, Nd and Dy in Nd-Fe-B permanent magnets
  • Substitution of critical and toxic metals like Co and W in carbides, speciality metals in high strength steels and superalloys, incl. the design and manufacturing
  • New material systems that contain no or less critical and toxic materials, for instance, for the use in batteries, permanent magnets, solar cells, and thermoelectric and magnetocaloric applications
  • New/optimized materials for additive manufacturing, for instance, in the field of printable electronics
  • New lightweight composites and designs as substitutes for critical materials containing high strength steels and for optimized performance
  • Solutions that integrate new materials into a Circular Economy, for instance, technology and business that enables and builds upon the reuse and recycling of newly developed, high-performance materials
  • New products, systems, and services for optimised raw materials use, particularly with respect to mobility and energy technologies

6. Design of products and services for the circular economy

Solutions and business models for the implementation of a circular economy approach. Examples:

  • New business models for resource recovery, product Life Extension (repairing, re-manufacturing, etc.), product as a service, sharing platforms

In particular, the supply of a range of ores and metals is the main target of the EIT RawMaterials innovation community. Bio-based and polymer materials will be considered only in view of their substitution potential of critical and toxic materials and for optimized performance or for multi-material product recycling. Petrochemical raw materials, food/agricultural raw materials and construction materials are excluded.

Phase 1: Invent

Phase 1 is about building proof of concept for the business model in the targeted raw materials market segments. It starts with ideas at TRL 4-6 and aims to find a market niche, to develop a financial model, and to build a business model. Selected Start-ups will receive €15K as funding to cover their costs for participating in Phase 1 of the EIT RawMaterials Accelerator program.

Objectives for Phase 1:

  • Identify beachhead market, market size, customer pain
  • Identify key value drivers, good margin/product and margin/year, estimate financial needs
  • Compose a founding team, identify roles and coming needs for the team.

Phase 1 has a 3-months duration.  It starts with a workshop, followed by bi-weekly calls with experts. It ends with a Graduation Day, where the Start-ups pitch their idea. Graduation Day is also the stage gate to Phase 2 in the Accelerator program.

Phase 2: Build

The purpose of Phase 2 is to validate customer needs and verify business assumptions. The offering provided by the selected Start-ups should be at TRL 6-7.

Selected Start-ups receives up to €30K funding to cover the costs of participating in Phase 2.

Objectives for Phase 2:

  • Validate customer needs, market size and beachhead market, identify regulations and other specific criteria for technical and market entrance.
  • Validate key value drivers, build a 5 years financial forecast supporting /financing needs and strategy.
  • Complete a team supporting the next step

Phase 2 has a program duration of 3-6 months depending on individual Start-ups development, acceleration, constraints and opportunities. It starts with a 2-day workshop, continues with bi-weekly calls and monthly P2P sessions/experts talks. The progress of the Start-ups will be evaluated by a mid-assessment day and after 3 months followed by an individual assessment for the Start-ups to fulfil criteria and stage gate for continuing to Phase 3.

Phase 3: Grow

Phase 3 aims to get the business ready for launch. The offering of the Start-ups should at start be at a TRL 7-9 and heading for market entrance. Selected Start-ups will receive up to €45K as funding to support their participation Phase3.

Objectives for Phase 3:

  • Move from early adopters to early majority market, start exploring follow up markets
  • Significant sales or financing deals.
  • Expand the team

Phase 3 starts with a 1- day Workshop aiming to set tailored project plan for each Start-up, which comprises goals and support actions, in order to develop the Start-up’s activities in the next 6-9 months. In addition to the continued support of a business developer from the local Innovation Hub, other support actions could be a user of the infrastructure of our partners for tests and pilot studies as well as further linking and introduction to EIT RawMaterials Industry Partners as validation partners and potential customers. These and similar types of activities are envisaged as a means to prepare the Start-up for future investment rounds as well as providing the basis to scale their business.