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Sectors: Employment, Environment, Research, Transport

Beneficiaries: SMEs

Regions: Balkans, European Economic Area, European Union, Switzerland

Category: Call for proposals

Additional info regions:

EU Member States
Horizon 2020 associated countries: https://ec.europa.eu/research/participants/data/ref/h2020/grants_manual/hi/3cpart/h2020-hi-list-ac_en.pdf

Amount:

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Responsible: European Commission

Useful:

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Amorce:

EIT – KIC Urban Mobility – Crisis Funding Instrument – 2020
Funds for: supporting highly innovative European start-ups and scale-ups with financing rounds affected by the COVID-19 crisis

Priorities and funded actions:

Objectives
* Continue R&D and product development activities critical to the success of the solution of the venture, e.g. by organizing facilities, hiring key R&D personnel, purchasing equipment;
* Continue commercialization activities critical to the success of the venture’s solution in the market, by executing pilot projects, performing market research, engaging with potential customer – as long as the commercialization activities are directly linked to the innovation activities regarding new technologies, products or services;
* Continue fundraising activities critical to the success of long-term value creation by the venture, e.g. by further developing business plan material, involving specific consultancy expertise

Amongst financed actions
* Innovation activities;
* R&D development;
* Management of changing cost base;
* Management of supply chain costs;
* Manufacturing hurdles;
* Project-related costs according Project Plan

Additional information
* This call for proposals is an open call for proposals

* Initial duration of the action: until the 31st December 2020

* Eligibility:
– The funding is open to all European urban mobility start-ups and scale-ups based in a Member State of the EU or Horizon2020- associated country;
– Only start-ups that comply with the following criteria can apply to the Crisis Funding Call:
> The extent to which the funding is able to help the venture adapt to the situation caused by COVID- 19;
> Investment rounds affected by the COVID-19 crisis;
> Seeking Seed financing round or was in promising preparation of a bridge financing round ≥ €500 000 before COVID-19 crisis;
> Post-money valuation (of previous round) ≥€1M for grant of €50 000 (“Start-ups”) and ≥ €2M for grant of €100 000 (“Scale-ups”) (determined in a round after 1 January 2019). (See Section 7.1);
> Have- or be developing a unique technology, product or service with a clear demonstrable competitive advantage and strong intellectual property position or strategy on any technology;
> Related product with TRL ≥ 4 for grant of €50 000; TRL ≥ 6 for grant of €100 000;
> Have high growth- and high societal and economic impact potential related to the City Challenges of EIT Urban Mobility;
> Be an SME as defined under the EU recommendation 2003/361;
> Be registered in one of the EU Member States or countries associated to Horizon 2020;
> Be incorporated on or later than January 1, 2013.;
> Founders own a majority stake in the company, preferably >75%;
> None of the shareholdings are outside EU or countries associated to Horizon 2020;
> Have commercial validation or early traction with (potential) customers and proof points on the value proposition and business model;
> For grant of €100 000 startups should have demonstrated revenue generated from customers, preferably >€100 000 last fiscal year;
> Have a multi-year roadmap that includes milestones on technology/product development, commercial development, organizational development and fundraising;
> Strong prospects of raising follow-on funding and proof points of interest from potential financers;
> Have a strong team in place that is able to execute on the key activities within the roadmap and/or a plan to attract key personnel to the venture