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 here

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

Official call page here

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): m€ (BP2021)
  • 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) 

​​​​​​​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

Aalto University support for this call

Zoltan Javor
+358 45 3472373
[email protected]

  • Published:
  • Updated:
Share
URL copied!

Read more news

Design by Sushant Passi
Cooperation Published:

Fiskars Group donates EUR 250 000 to the field of arts and design at Aalto University

The donation is part of the long-term collaboration between Fiskars Group and Aalto University. The collaboration includes courses on, for example, sustainable design and materials of the future.
Porthania
Cooperation, Honoured Published:

World Meeting for Women in Mathematics and Ladyzhenskaya Award announcement July 1-2, 2022

The second edition of (WM)², the World Meeting for Women in Mathematics organized by the International Mathematical Union (IMU) Committee for Women in Mathematics and Olga Alexandrovna Ladyzhenskaya award announcement will take place online and in Helsinki on July 1-2, 2022.
Mirko Varano is the Unite! Key Liaison Officer at KTH.
Cooperation Published:

Creative discussions during Unite! Summer Community Event

Between 13-15 June, KTH hosted Unite! Summer Community Event that gathered participants from all European universities in the alliance.
Students at the campus.
Cooperation Published:

Signe and Ane Gyllenberg Foundation donates to the field of education in arts and design at Aalto University

The foundation supports scientific research with a focus on the impact of mental wellbeing on physical health. This is a central perspective, for example, in the education and research of health and wellbeing architecture at Aalto.