Fast-track your business with the RawMaterials Accelerator!

Are you the next top innovation team offering radically sustainable products or services in the raw materials sector? Accelerate your solution to the market, apply for the RawMaterials Accelerator!

RawMaterials Accelerator comprises three phases (Explore, Build, Grow). There are stage gates between each of the phases, where start-ups need to be approved for entering the next phase. Each phase has specific objectives, process, funding and timeline. The support provided in each Phase consists of both group work, individual coaching as well as anchoring start-ups in their local and national ecosystems while at the same time opening up introductions on a pan-European level to partners of the EIT RawMaterials Innovation Community. The combination of local anchoring and pan-European opportunities is envisaged to increase the success rate and market opportunities of the selected start-ups.

RawMaterials Accelerator introduces start-up teams to potential customers from the EIT RawMaterials partner network willing to adopt innovations. The programme connects local and national ecosystems to the pan-European network of a pilot and test infrastructure facilities as well as potential customers. RM Accelerator aims to develop start-ups so that they can rapidly become suppliers to, and perhaps future partners of, the EIT RawMaterials network.

Thematic scope

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.

RawMaterials Accelerator supports new businesses sharing our vision to develop raw materials into a major strength for Europe.

helicopter

Exploration and raw materials resource assessment

mining truck

Mining in challenging environments

mineral processing machine

Increased resource efficiency in mineral and metallurgical processes

battery

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

mobile phone

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

sun, wind turbine, green energy

Design of products and services for the circular economy

This call is for start-ups who consider that they already have an innovative offering (at TRL 4-6) – and who see an opportunity in rapidly developing this offering to the exploration, mining, mineral processing, metal & mineral, steel-making and recycling industries as well as suppliers of equipment and tools to these industries.

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 €15 000 as funding to cover their costs for participating in Phase 1 of the RM Accelerator.

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-Explore 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 RawMaterials Accelerator.

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 5-7 and CRL 5. Selected Start-ups receives up to €30 000 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

The RM Accelerator Phase 2-Build programme duration is 6 months depending on individual start-ups’ development, acceleration, constraints and opportunities. It starts with a two-day workshop and continues with bi-weekly calls and monthly P2P sessions/expert talks. The progress of the start-ups will be evaluated at a mid-assessment day and after three months, followed by individual assessment of the start-ups to ensure they fulfil the criteria and stage-gate to continue to Phase 3.

Phase 3 aims to get the business ready for launch. The offering of the start-ups should at the start be at a TRL 7-9 and heading for market entrance. Selected Start-ups will receive up to €45 000 as funding to support their participation in Phase 3.

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 workshop to set tailored project plan for each team. It 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 Development Manager 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.

Apply here

Please note, applications received after the deadline cannot be accepted.

This is the best accelerator program in Europe for deep tech start-ups. We have participated in four or five other programs in the U.S., Slovenia, Latvia and Germany, but EIT RawMaterials Accelerator program is absolutely the best.
Maryna Petrychenko, 3D Strong
The support we received was crucial for us to create our company and to continue the development of our products because it’s very difficult in Europe to accede to seed capital in very early stages like ourselves.
Michel Loots, Value Ash
The most relevant support we received from EIT RawMaterials is so far the coaching. I’d say, the coaching and for me personally the challenges. Because I have to step out of my comfort zone a lot and I have to achieve things that sometimes I didn’t really imagine would be possible to do, but I got pushed into doing that anyway.
Nils Bågenholm, Mat4GreenTechnology
We are grateful that the EIT RawMaterials Accelerator program introduced us to a new network of companies, startups, and coaches, with whom we can expand our technology into raw materials and mining sectors.
Sadjad Mohammadian, ColFeroX

RawMaterials Accelerator participants include: