Join the pan-European start-up accelerator programme!
Are you the next top innovation team offering radically sustainable products or services in the raw materials sector? EIT RawMaterials Accelerator programme provides tailored support for start-ups to fast-track their business!
Connecting start-ups with the world’s largest innovation community in the raw materials sector
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 are envisaged to increase the success rate and market opportunities of the selected start-ups.
Tailored support for start-ups
RM Accelerator comprises 3 Phases (Explore, Build, Grow) where each phase has a specific objective, process, funding and timeline. Only the teams that graduated from Phase 1 – Explore programme will be invited to apply for the next phase.
This call is open for start-ups that already have an innovative offering (at TRL 4-6) and see an opportunity in rapidly developing this offering in the raw materials sector: from exploration, mining and mineral processing, to recycling, substitution and circular economy.
Phase 1 – Explore: 3 months of expert business coaching with a focus on building a proof of concept for your business model and discovering your market niche
Phase 2 – Build: 6 months, supports your validation of customer needs and verification of business assumptions while identifying criteria for market entry
Phase 3 – Grow: 6-9 months, tailors your business for launch through market entry, raising financing and expansion of your team
Find a market niche, develop your financial model and build a business model with EIT RawMaterials team
Phase 1 – Explore 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 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 – Build in the RawMaterials Accelerator.
Are you ready to accelerate your solution to the market? Apply for the RM Accelerator programme today!
Please follow the link below for more information and application. The deadline to apply is 3 March 2021, end of day (23:59 CET).