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Algae Accelerator – Open Call 1

Apply before: December 20, 2024

The Algae Accelerator is a six-month mentorship program aimed at helping startups and SMEs in the algae value chain grow their businesses and bring innovative, sustainable algae-based solutions to market. It connects participants with international mentors who have practical expertise in the blue biotech industry and beyond. The program focuses on fostering innovation, offering mentorship, and building a network of professionals to address key challenges in the algae sector. Eligible startups and SMEs benefit from guidance to enhance their business strategies and develop market-ready solutions. Mentors, in turn, share expertise while receiving €10,000 as compensation and gain the opportunity to contribute to the blue economy’s growth.

Eligibility

The eligibility criteria for the Algae Accelerator – Open Call 1 are:

Eligibility Criteria for Participants

  1. Type of Entity: Must be a startup or SME in the algae value chain.
  2. Location: Legally established in EU Member States or Horizon Europe-associated countries.
  3. Size:
    • Fewer than 250 employees.
    • Annual turnover ≤ €50 million OR annual balance sheet total ≤ €43 million.
  4. Financial Stability: Must not be bankrupt, in liquidation, or involved in fraudulent or unethical practices.
  5. Proposal Requirements:
    • Only one proposal per applicant or consortium is allowed.
    • Proposals must meet Horizon Europe guidelines, align with program challenges, and have a minimum Technology Readiness Level (TRL) of 4.
  6. Language: Applications must be submitted in English.

 

Eligibility Criteria for Mentors

  1. Professional Expertise:
    • Must have significant experience as a business professional, sustainability expert, startup mentor, EU legislation expert, or other relevant fields.
  2. Industry Knowledge: Practical expertise in blue biotech or related industries is preferred.
  3. Mentorship Capacity: Should be able to provide guidance, share insights, and foster innovation among startups and SMEs.
  4. Global Network: Must be interested in connecting with an international network of professionals.
  5. Compensation: Eligible to receive €10,000 for their contribution as a mentor.

Elevator Pitch for Business

Benefits

The benefits of the Algae Accelerator – Open Call 1 are:

  • Six-month mentorship program tailored for startups and SMEs in the algae value chain.
  • Access to international mentors with expertise in blue biotech and related industries.
  • Practical support to upscale business strategies and develop innovative products.
  • €10,000 mentoring voucher for selected participants.
  • Opportunities to connect with a global network of experts and like-minded professionals.
  • Contribution to tackling ocean challenges through sustainable algae solutions.
  • Boosted visibility in the blue economy and sustainable innovation space.

Application process

Click here to Apply (For Participants ).

Click here to Apply ( For Mentors ).

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