SynergistEIC Open Call 2: Supporting GreenTech Startups for a Sustainable Future

In today’s world, where sustainability and environmental responsibility are gaining increasing attention, there is a growing demand for innovative GreenTech solutions. Understanding the importance of backing entrepreneurs who are driving positive change, SynergistEIC is excited to announce its Open Call 2 for GreenTech Startups.

SynergistEIC Open Call 2
SynergistEIC Open Call 2

This article explores the details of this opportunity, including the deadline, benefits, eligibility criteria, collateral requirements, and tips for a successful application. Additionally, it outlines the application process and where to find official information on the SynergistEIC website.

Deadline

The deadline for submitting applications to the SynergistEIC Open Call 2 for GreenTech Startups is [13 March 2024].

Funding Amount

The Open Call has a budget of €750,000. We will use this budget to provide sub-grants worth up to €50,000 each to 15 startups. Among these, 5 will be EIC applicants and 10 will be non-EIC applicants.

Objective

Supporting GreenTech startups aims to ignite sustainable innovation and advocate for a greener, more environmentally conscious future. By nurturing and investing in GreenTech ventures, we strive to accomplish the following objectives:

  • Environmental Preservation:

Backing GreenTech startups empowers the creation and implementation of inventive solutions to pressing environmental issues like climate change, pollution, and resource depletion.

  • Climate Mitigation and Adaptation:

GreenTech startups are pivotal in addressing the effects of climate change through the advancement of renewable energy technologies, enhancement of energy efficiency, and promotion of sustainable practices across industries.

  • Resource Efficiency and Conservation:

GreenTech innovations concentrate on optimizing resource utilization, minimizing waste, and advocating for circular economy principles. By supporting startups that develop sustainable materials, energy-efficient technologies, and waste-reduction solutions, we strive to conserve natural resources and reduce environmental degradation.

  • Economic Growth and Job Creation:

The GreenTech sector presents a significant opportunity for economic growth, job creation, and entrepreneurship. By fostering innovation and supporting GreenTech startups, we aim to stimulate economic activity, create job opportunities, and promote sustainable development in local communities and beyond.

Benefits

Investing in GreenTech startups brings many benefits that go beyond the ventures themselves. Here are some key advantages of supporting GreenTech startups for a sustainable future:

  • Environmental Impact:

GreenTech startups create innovative solutions to tackle urgent environmental challenges like climate change, pollution, and resource depletion. By backing these startups, we help reduce environmental harm and encourage sustainable practices

  • Economic Growth:

GreenTech industries can spur economic growth by opening up new markets, generating employment, and fostering innovation. Supporting GreenTech startups stimulates economic activity and sets the stage for a prosperous and sustainable economy.

  • Resource Efficiency:

GreenTech innovations often focus on using resources more efficiently and cutting waste. By supporting startups that develop energy-efficient technologies, sustainable materials, and circular economy solutions, we promote resource conservation and long-term sustainability.

  • Health and Well-being:

Many GreenTech solutions directly benefit human health and well-being. For instance, clean energy technologies reduce air pollution and enhance respiratory health, while sustainable agriculture practices improve access to nutritious food and bolster local communities.

  • Technological Advancement:

GreenTech startups lead the way in technological innovation, driving progress in renewable energy, smart infrastructure, and environmental monitoring.

Eligibility Criteria

To be considered for this opportunity, startups must meet the following criteria:

  • Have a GreenTech innovation or solution aimed at tackling environmental challenges.
  • Be a registered legal entity.
  • Have a viable business model with potential for growth and impact.
  • Demonstrate a clear understanding of market needs and opportunities.

Types of Applicants

Applicants fall into two groups:

Category 1: EIC-applicant startups

  • Digital and deep tech startups in green tech.
  • Applied for EIC Accelerator, preselected in Step 1 but not selected or didn’t apply to Step 2.
  • Proof of Seal of Excellence or successful Step 1 application for EIC Accelerator.
  • Implemented SME Instrument Phase 1 project.
  • Proof of Seal of Excellence or successful SME Instrument Phase 1 and evaluation feedback.

Category 2: Non-EIC-applicant startups

  • Digital and deep tech startups in green tech.
  • Haven’t applied for EIC Accelerator or SME Instrument.
  • Funding received (private or public) is below €500,000, with proof.
  • Minimum Technology Readiness Level (TRL) 4.

Additional Conditions:

  • Applicants are legally established SMEs or small mid-caps.
  • The project aligns with eligible activities under the program.
  • Technological focus includes AI, Machine Learning, Big Data, etc.
  • Sectoral focus on ClimateTech, GreenTech, Circular Economy, and AgriFood.
  • No bankruptcy or fraudulent convictions.
  • Participants must have a 9-number Personal Identification Code (PIC).

Eligible Countries

Here is a list of eligible countries for Supporting GreenTech Startups for a Sustainable Future:

  • United States
  • United Kingdom
  • Canada
  • Australia
  • Germany
  • France
  • Japan
  • South Korea
  • Sweden
  • Netherlands
  • Norway
  • Denmark
  • Finland
  • Switzerland
  • Singapore
  • Israel
  • New Zealand
  • Belgium
  • Austria
  • Ireland

Application Process

If you’re a GreenTech entrepreneur who’s passionate about making a positive impact on the environment, our program offers a straightforward and accessible application process. Here’s a step-by-step guide to help you through it:

  • Visit the Program Website:

Begin by visiting our program website to find all the necessary information about the application process, eligibility criteria, and important deadlines.

  • Review Eligibility Criteria:

Carefully review the eligibility criteria to ensure your GreenTech startup meets all requirements.

  • Prepare Required Documentation:

Gather all necessary documentation for your application, such as a business plan, financial projections, proof of concept, and any relevant certifications or patents.

  • Complete the Application Form:

Fill out the online application form provided on our website, providing detailed information about your GreenTech startup, its innovation, market potential, and team members.

  • Submit Your Application:

Once you’ve completed the application form and compiled all necessary documentation, submit your application before the specified deadline. Ensure timely submission to be considered.

  • Official website:

For more information visit https://synergisteic.eu/open-calls/open-call-2/

Collateral Requirements

In addition to completing the application form, startups may need to provide the following documentation:

  • A business plan outlining the innovation, market analysis, revenue model, and growth strategy.
  • Financial projections demonstrating the startup’s financial viability and potential return on investment.
  • Proof of concept or prototype showcasing the GreenTech solution in action.
  • Any relevant certifications, patents, or intellectual property rights.

Tips for a Successful Application

To enhance their chances of success, startups should consider the following tips when preparing their applications:

  • Clearly articulate the problem being addressed and the unique value proposition of the GreenTech solution.
  • Provide evidence of market demand and potential for growth.
  • Highlight the team’s expertise, experience, and commitment to making an impact.
  • Showcase any existing partnerships, collaborations, or pilot projects.
  • Ensure all documentation is well-written, concise, and professionally presented.

In Conclusion:

The SynergistEIC Open Call 2 for GreenTech Startups offers entrepreneurs a valuable opportunity to showcase their innovative solutions and contribute to a more sustainable future. By adhering to the eligibility criteria, preparing thorough documentation, and diligently following the application process, startups can increase their chances of success. Visit the official SynergistEIC website [insert website link] to learn more and take the first step towards making a positive impact through GreenTech innovation.

Frequently Asked Questions

What are some examples of successful GreenTech startups?

Examples of successful GreenTech startups include companies specializing in renewable energy (e.g., solar, wind, hydro), energy efficiency technologies (e.g., smart grids, energy storage), sustainable transportation (e.g., electric vehicles, bike-sharing), waste management (e.g., recycling, composting), and water conservation (e.g., desalination, wastewater treatment).

What types of support do GreenTech startups receive?

GreenTech startups may receive various forms of support, including funding, mentorship, access to networks and resources, and opportunities for collaboration and partnerships. This support helps them to develop and scale their innovations, overcome challenges, and bring their sustainable solutions to market more effectively.

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