Innovative Enterprise Week
20th of June 2019

20 June 2019
Venue: Politehnica University of Bucharest
Conference “The EIC Accelerator: Nurturing European Champions of breakthrough innovation”

If Europe is to reclaim its place as the world leader in innovation and technology, public policy and funding at EU level must cater to the specific needs of European Researchers and Innovators by refining and filling the gaps in the existing support schemes and that way provide a support that covers each of the different stages of whole innovation chain (from idea to market deployment and scale-up).

Since the start of his mandate in 2014, Commissioner Carlos Moedas has been in strong support of the setting up of a European Innovation Council (EIC)  for breakthrough, market-creating innovation, with a focus on smart funding, smart  investment and smart regulation, to make Europe 'the place to be' for innovators.

The first step towards the setting up of an EIC was made in 2017, with the appointment of 15 independent individuals to form the High-Level Group of Innovators, whose role was to advise on the design of an EIC in Horizon Europe, with a two-year mandate (2017/2018). Based on the initial advice of the group, and the legal framework of Horizon 2020, an EIC pilot initiative was launched in October 2017. With a budget of €2.7 billion, and the objective of funding the scaling-up of the most exciting innovations of our most talented innovators, the pilot combined and re-focused existing funding schemes to ensure funding reached top innovators.

One of the two instruments of the EIC along with the Pathfinder, the Accelerator is a blended finance model which builds on the SME Instrument Phase II, enhanced and focused on initiatives with a clear EU added-value. Support will be awarded to clear potential market-creating innovation and scale-up of companies confronted with a finance gap due to their high-risk nature. Support for assessing business opportunities and developing business plans may be granted in the context of Pathfinder transition activities within portfolio of project, or as part of an Accelerator project.

  • The Accelerator builds on the SME Instrument Phase II
  • Enhances it to focus on initiatives with a clear EU added-value.
  • Aim of funding high-risk, market-creating innovation from TRL6 down to TRL9 included. Support may include TRL5 activities (further assessment of business opportunities & plan)
  • Priority shall be given to deep-tech and long innovations cycle
  • Support shall be allocated on a first-arrived first-served basis, to reduce time to feed-back
20th of June 2019
Registration and Welcome Coffee
Opening – Setting the scene
Carlos Moedas, European Commissioner for Research, Science and Innovation, European Commission (video message)
Nicolae Hurduc, Minister of Research and Innovation of Romania
Adrian Kamenitzer, Director for Equity, New Products and Special Transactions, European Investment Bank
Keynote speech:
“The EIC – nurturing champions of market-creating, breakthrough innovation”

Hermann Hauser, EIC Ambassador
Panel A: Strengthening the European innovation ecosystem – Policy drives innovation

Moderator: Daria Tataj, Chairwoman of RISE, High-Level Advisors to EU Commissioner for Research, Science & Innovation, Founder of Tataj Innovation
Nicolas Sabatier, Advisor to the Director, DG RTD, European Innovation Council, European Commission
Fabio Pianesi, Head of External Collaboration of EIT Digital
Lars Frolund, Research Director, Massachusetts Institute of Technology
Natasha Kapil, Program Leader for Finance, Competitiveness & Innovation European Union Member States, World Bank
Coffee break
EIC Accelerator: Backbone of accelerating breakthrough innovation
Keynote: Stéphane Ouaki, Head of Unit, DG Research and Innovation, European Commission ( View presentation )

Panel B: Blended finance: Best practices and policies on public, private & mixed funding

Moderator: James Mawson, Founder and Editor-in-chief, Global Corporate Venturing
Shiva Dustdar, Head of Innovation Finance Advisory Division, EIB ( View presentation )
Ioana Gheorghiade, Executive Director, Corporate Risk Division, BCR
• Julien Chiaroni, Programme Manager, General Commission for Investments

Panel C:  Special Purpose Vehicle - How to manage the equity investment and attract potential scale ups
Moderator: Antonio Carbone, H2020 SME and Access to risk finance National Contact Point at APRE in Italy
- SPV investment strategy: how it will manage the EU investment from the due diligence to the exit? :
Nicolas Sabatier, Advisor to the Director, DG RTD, European Innovation Council, European Commission
- The view of innovators and investors: DOs and DON’Ts
Alexandru Ionut Budisteanu, Founder, WebDollar
Mateusz Sagan, Director of Development, SDS OPTIC
Christian Dubarry, Head of European Affairs, BPI France
Luigi Amati, CEO, Meta Group and Chairman of Business Angels Europe ( View presentation )

This session is released by Access4SMEs, the official network for Horizon 2020 National Contact Points (NCP) for Small Medium-sizedEnterprises - SMEs and Access to Risk Finance (ARF).
Lunch break & Networking
Panel D: What’s next in blended finance? What trends will drive the development and market deployment of breakthrough and market-creating innovations?

Moderator: Nicolas Sabatier, Advisor to the Director, DG RTD, European Innovation Council, European Commission
Luigi Amati, CEO, Meta Group and Chairman of Business Angels Europe
Antonio Fonduca, Venture Diplomat Zürich, Canton of Zürich, Switzerland
Laurentiu Maniu, Amorph Systems SRL, Timisoara, Romania

Panel E: Breakthrough innovation for social good

Moderator: Oana Craioveanu, Co-founder, Impact Hub Bucharest
Andrei Dudoiu, Tech Angels Romania and Human Finance
Marc D’hooge, Head of Thematic Finance Advisory Unit, EIB ( View presentation )
Julia Reinaud, Director of Advocacy and Government Relations, Gates Ventures( View presentation )
Luigi Amati, CEO, Meta Group and Chairman of Business Angels Europe
EuroQuity pitching, powered by Access4SMEs

The best 20 Seal of Excellence European startups 2019. The state of the art of technologies in all sectors.
The pitching session will take place in parallel, in room 2.1 “Access4SMEs”, floor 2. Companies for the pitching sessions are already selected by the organisers, but visitors are welcome.
Coffee break
16:30 -17:30
Panel F: Boosting innovation ecosystems in Europe: National perspectives on challenges and opportunities
Keynote: Nicklas Bergman, Founder and CEO Intergalactic Industries
Moderator: Ionut Tata, Iceberg+
Daniel Ilinca, Vice-president, ANIS – Employers' Association of the Software and Services Industry
Vasco De Oliveira Janeiro, Impact Officer, European Institute of Innovation and Technology (EIT)
Razvan Rughinis, Programme Manager, Innovation Labs ( View presentation )
Stelian Brad, President of Cluj IT Cluster
Mihai Sfintescu, Managing Director, ABILITO CAPITAL
Closing remarks
Nicolas Sabatier, Advisor to the Director, DG RTD, European Innovation Council, European Commission
Adrian Curaj, Executive Agency for Higher Education, Research, Development and Innovation Funding
Join for free the
Innovative Enterprise Week Bucharest 2019.
Register your seat for the event until 9 June 2019 and join the policy- and decision-makers, scientists, researchers, innovators, early stage investors and opinion-shaping actors.
Register now