RM Accelerator: Application is open!
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.
Phase 1: Explore – Application is open!
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 application for Phase 1 is open. Please follow the link for more information and application. The deadline to apply is 3 March 2021, end of day (23:59 CET).
