The European Fund EIT Manufacturing offers Ukrainians grants of 2,000-9,500 euros for innovative projects
The European EIT JumpStarter fund launched a new acceleration program for Ukrainian startups and offers grants of 2,000-9,500 euros for the development of their projects. The fund focuses on innovative concepts of technologies that will ensure sustainable reconstruction of the country in the future.
Applications will be accepted until November 28, and all willing citizens of Ukraine can try their luck. To apply for the program, you only need to fill out the online form at the link. At the beginning of December, the participants will learn the result and receive feedback on the submitted ideas.
Among the received applications, the organizers will select 11 of the most promising startups, which will receive up to 2,000 euros in funding and will join training in the accelerator, which will take place from December to February 2023. At the end of the program, graduates will present their startups at the Pitch Event, and the three best pitching teams will receive additional cash prizes:
- 1st place — 7,500 euros;
- 2nd place — 5,500 euros;
- 3rd place — 3,500 euros.
Priority will be given to thematic proposals related to production. Program experts will evaluate applicants based on a number of the following criteria:
- Innovativeness — novelty relative to the current state/market, clarity and relevance of activity goals; validity of the concept and realism of the proposed methodology.
- Influence and contribution. It is assessed whether the applicant has identified an existing problem, what it seeks to solve, as well as market opportunities and potential customers.
- Implementation — the quality and effectiveness of the work plan, including the degree to which allocated resources meet goals and the effectiveness of risk management and innovation.
- Strategic fit – how activities contribute to the manufacturing value chain in the European ecosystem. Emphasis on both competitive advantages and sustainability.
