EU launches second edition of Women TechEU with an increased budget of €10 million

General context

• Severe underrepresentation of women in tech industry 

• Very limited VC funding offered to women-led companies

Expected outcome:

• Support deep tech innovation as a basis for a modern, knowledge-driven, resource-efficient and competitive economy

• Promote female leadership in the deep tech industry to build fairer, more inclusive, and more prosperous innovation ecosystems in Europe.

Who can apply?

• Early-stage deep tech start-ups,

• Founded, or co-founded by women, holding a top management position (CEO, CTO or equivalent) in the company at the time of submission,

• Registered and established in an EU Member State or a Horizon Europe Associated Country for at least six months at the time of the submission.

Support offered - grant

• Financial support to the company as an individual grant of EUR 75 000 to support the initial steps in the innovation process, and the growth of the company,

• Applicants are free to decide and indicate which activities needed to grow-up their business they want to fund,

• Examples: business model upgrade, certifications, IP strategy, market analysis, prototyping and developing a product.

Support offered - WLP

• Mentoring and coaching provided by the EIC Business Acceleration Services (BAS), under the new “Women Leadership Programme”.

• Each participant will work with mentors and coaches.

• Mentors:

-To share knowledge, experience and give overall support.

-To help define the career path, overcome the existing challenges and set the next steps.

• Coaches:

E.g. to help improve business plan, implementation strategies, market entry

• A set of trainings:

– Negotiation skills & Access to finance; Board members: learn to select and work with them; Pitching/ How to present to investors; Developing your Personal Leadership and Decision-making style – are just a few examples of the sessions that can be offered.

• Dedicated networking and pitching events,

• Possibility to participate in dedicated activities organized by InvestEU and the Entreprise Europe Network.

Women TechEU - 2022 edition

• Budget – €10 million

• Call launched – June 2022

• Deadline to apply – 04 October 2022 Up to 130 beneficiaries to be funded

• Up to 130 beneficiaries to be founded

The application

10 pages of an application form structured around 3 criteria:

> Excellence

     e.g. questions on deep-tech innovation, its development, its feasibility etc.

> Impact

     e.g. questions on business strategy, business plan, business model etc.

>Implementation

     Questions on the woman founder, the team and planned activities

 

• An inspirational video:

-A short teaser pitch

-A non-exhaustive list of questions

 

• Annexes:

-Executive summary of the business plan

-Financial and corporate information

-Documents, proving eligibility

-CVs of the woman founder and the team

 

Deadline to apply: 04 October 2022 

Women TechEU in numbers (2021)

• 391 applications coming from 37 Member States and Associated Countries

• Top submitting countries:

  • Spain -55
  • Germany – 48
  • France – 39
  • The Netherlands – 29
  • Norway – 28

Women TechEU in numbers - selected projects

• 50 beneficiaries funded under the Women TechEU pilot

• Deep tech areas:

Health (19), engineering (11), clean-tech (7), ICT/AI (4), biotech (4), food (1), Space (1), transport (1), chemicals (1), raw materials (1)

Some examples of projects

• An earplug for industrial and noisy environments

• Invisible window film to save billions of birds worldwide

• Medical device based on Artificial Intelligence, capable of detecting breast cancer using urine samples, with 95% accuracy

• Sustainable menstrual products

• A new antibacterial nanotechology to reduce the number of infection related amputations by 20%

• loT and Blockchain start-up for data ownership and monetization

• A technology treating deep wound infections

• Drones for infrastructure inspections

Reasons for applying

• Updating the business plan and growth strategy

• Market validation

• Finding commercial, clinical partners and investors

• Certifications, patents

• Product Optimization

• Machinability tests

• Coaching in negotiation and technical sales

Schedule

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