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 (Invent, 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.
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.
Phase 1: Invent
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 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.
Apply by 3 September 2020!