Call for start-ups open at EIT RawMaterials
Accelerator Program (phase 1): The Accelerator program is a 3-phase program for start-ups. It is tailored to start-up teams offering radically sustainable products or services in the raw materials sector. The call is open for accelerator Phase 1 and the deadline for application is March 3rd (a second call will open in Q3 2021).
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 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. Start-up teams graduating from Phase 1 can then apply to the next phase of the program and get extra support from EIT RawMaterials to establish a viable business model and commercial strategy (phase 2) and eventually scale their business (phase 3).
For more information, contact Dr. Nicolas Menou, Business Development Manager, EIT RawMaterials CLC West
M: +32 468 518646