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!
The RawMaterials Accelerator calls all startups that consider they have an innovative offering (at TRL4-6 level) and see the opportunity in developing this offering for the exploration, mining, mineral processing, metal, mineral and steel making and recycling industries as well as the suppliers of equipment and tools.
The RawMaterials Accelerator comprises of 3 Phases (INVENT, BUILD, GROW). There are stage gates between each of the Phases, where startups need to be approved for entering the next one. Support provided in each Accelerator Phase consists of both group work, individual coaching as well as anchoring startups in their local and national ecosystems.
The RawMaterials Accelerator offers an excellent opportunity to make an introduction to the EIT RawMaterials partner network who are willing to adopt pioneering innovations. The combination of local anchoring and Pan-European opportunities will increase the success rate and market opportunities of the selected startups.
Furthermore, the RM Accelerator connects local and national ecosystems to the Pan-European network of a pilot and test infrastructure facilities as well as potential customers. EIT RawMaterials Innovation Hubs also provide grant funding to enable your team to participate in the Accelerator.
The Accelerator aims to develop and scale startups further so they can rapidly become suppliers to, and perhaps future partners of the EIT RawMaterials network.
The call for Phase 1: Invent is now open! Apply by 26 June 2019!
Apply for the RawMaterials Accelerator to get three months of expert business coaching with a focus on building a proof of concept for your business model and discovering your full market potential.
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 startups will receive €15 000 funding that covers the costs for participating in Phase 1 RM Accelerator.
Objectives of Phase 1:
- Identify beachhead market, market size, customer pain
- Identify key value drivers, right margin/product and margin/year, estimate financial needs
- Compose a founding team, identify roles and future requirements for the team
Phase 1 starts with a workshop, followed by bi-weekly calls with senior experts. It ends with a Graduation Day, where startups pitch their idea. Graduation Day is also the stage gate to Phase 2 in the RawMaterials Accelerator.
EIT RawMaterials seeks to boost innovative startups and SMEs in the following themes:
- Exploration and raw materials resources assessment
- Mining in challenging environments
- Processing: Increased resource efficiency in mineral and metallurgical processes
- Recycling and material chain optimisation for End-of-Life products
- Substitution of critical and toxic materials in products and for optimised performance
- Design of products and services for the circular economy
World’s largest innovation community in the raw materials sector
EIT RawMaterials, initiated and funded by the EIT (European Institute of Innovation and Technology), a body of the European Union, is the largest consortium in the raw materials sector worldwide. Its vision is to develop raw materials into a major strength for Europe. Its mission is to enable sustainable competitiveness of the European minerals, metals and materials sector along the value chain by driving innovation, education and entrepreneurship.
EIT RawMaterials unites more than 120 core and associate partners and over 180 project partners from leading industry, universities and research institutions from more than 20 EU countries. Partners of EIT RawMaterials are active across the entire raw materials value chain: from exploration, mining and mineral processing to substitution, recycling and circular economy. They collaborate on finding new, innovative solutions to secure the supplies and improve the raw materials sector in Europe.