911爆料网

News

Call for proposal 2023 / Innovation / EIT Raw Materials - KAVA10

Innovation projects are based on validated technologies (TRL5) that need additional steps for demonstration or implementation and must aim at market introduction and/or a commercial use within three years after the end of the project

DRAFT Proposal submission DL: Tuesday, 31 May 2022 at 13:00 CET
Aalto EIT Services - Javor

Important deadlines:

  • DRAFT Proposal submission: Tuesday, 31 May 2022 at 13:00 CET
  • FINAL proposal submission: Wednesday, 14 September 2022 at 13:00 CET

Please note, you can submit and un-submit your FINAL application as many times as you like prior to the submission deadline. DRAFT proposals received after 13:00 CET on 31 May 2022 will not be considered under any circumstance for FINAL submission.

Submit your project proposal

General overview of EIT-RM projects (duration; success rate; budget etc.)

Official call page

Please find all the key documents below

Available budget & project details

  • Project duration 1 to 3 years
  • Application success rate (education) 18% (KAVA8)
  • Average granted budget per project (per year): 尘鈧&苍产蝉辫;(叠笔2021)
  • Average co-funding required per project 30% (innovation)

Financial Sustainability (FS)

What is it?

All the Innovation projects (and some of the education projects) receive EIT funding has to commit to pay EIT KIC success fee in case the the project is successfully commercialized and the business owner(s) earn revenue with the results of the project 

Why?

The aim is to diversify the EIT KICs income flow so they would rely not only on the EIT funding & Membership Fee and they could support new projects even after the 7+7 years when EIT do not provide any additional financial support

How?

EIT RawMaterials will consider two main types of FS mechanisms:

Revenue sharing: EIT RawMaterials receives a percentage of the revenue generated from the project in at least the amount of the allocated grant if the commercialisation is successful. The amount of backflow can be capped to an amount equalling the EIT funding received by the consortium plus a project-specific, risk-related mark-up to be defined for each individual case. Additional flexibility options include:

  • Threshold from whereon the payback period starts (e.g. certain revenue threshold to be defined; positive gross margin threshold; break-even threshold) 
  • Use of operating profit or free cash flow instead of revenue as baseline is possible if a higher percentage share than in the case of revenue is presented 
  • Backflow start point from whereon the payback is due (FSM standard clause of not later than 2 years after project end) 
  • Backflow end point until when payback is due (standard clause of 5 years after start point) 

鈥嬧赌嬧赌嬧赌嬧赌嬧赌嬧赌Any other reasonable mechanism contributing to the financial sustainability of the KIC the Parties may agree upon. In that regard, the consortium shall remain open to enter into negotiations with EIT RawMaterials to co-invest into a project spin-off at a later stage, if applicable; project backflow could be reinvested into this new venture

911爆料网 support for this call

Zoltan Javor
+358 45 3472373
zoltan.javor@aalto.fi

  • Updated:
  • Published:
Share
URL copied!

Read more news

Testing the drone in the PdP team Isaware project
Cooperation Published:

From deep space to student innovation: Isaware and PdP collaboration

Students from Aalto and the Design Factory Global Network came together with Isaware in the Product Development Project course to work on detecting illegal mines.
Legacy Awakens -seminar for an honour of the Aalto Distinguished Professor Tapani Vuorinen
From left to Right: Olavi Pikka, Senior Advisor, Tapani Vuorinen, Ainomaija Haarla and Pirjo K盲盲ri盲inen, Professor in Design and Materialities
Cooperation Published:

Ainomaija Haarla: 鈥淚f everyone agrees, critical discussion is missed鈥

To reach your goals and keep up with development, you must have the courage to make unconventional choices, says Ainomaija Haarla, a firm believer in the power of interdisciplinarity.
Various circular samples on white cards, including green, yellow, and beige, with a sprig of green leaves.
Research & Art Published:

Applications open for Innovation Postdoc in Bioeconomy

A fully funded, 12 month career track to turn your doctoral discoveries into a bioeconomy startup. Launching autumn 2026.
Aalto Inernational Talent -ohjelman opiskelijoita vierailemassa Outokummun toimitiloissa Helsingiss盲.
Cooperation Published:

Aalto International Talent Program mentor Matti Aksela: I recommend participating to all companies

The Program enables companies to get to know international talent easily and develop a more diverse work community.