1) Where can applicants obtain a letter of support for InnoStars Awards?
Applicants can obtain a letter of support from one of the EIT Health InnoStars member institutions or from the InnoStars headquarter.
2) How to obtain the letter of support from InnoStars Headquarters?
Before completing the online application form (link), applicants must send a brief introduction of the company/product they intend to apply with to firstname.lastname@example.org and email@example.com. InnoStars HQ reviews the information and if the company meets all eligibility criteria, we approve its application and issue a letter of support. The applicant then can attach the letter to the online application form.
3) Who can applicants indicate by section “Contact person at EIT Health CLC or Core / Associate partner with whom you have discussed your application”?
Please indicate the contact person at the respective EIT Health InnoStars members institution. If you obtained the support letter from InnoStars HQ, please indicate either Peter Nagy or Anita Fuzi as a contact person.
4) Which competition should I apply for?
5) Can Czech and Greek applicants apply for the ‘European Health Catapult’?
At present, start-ups from Czech Republic and Greece can only apply for ‘InnoStars Awards’ category.
6) What is the process of receiving and spending the 7000 € grant?
Each winner will sign a Grant Agreement with EIT Health InnoStars for the 7000 €. This agreement will oblige them to spend the 7000 € until 30th September and use it for the development of their business plan. The detailed business plan has to be submitted until 30th September. Winners will receive the 7000 € and are free to decide on how to spend it. (The task of the RIS coordinator would be to help their local winners to spend the 7000 € grant in an effective way and to develop a high-quality business plan.)
7) What the 7000 € grant must be spent on and at what kind of organisations?
The 7000 € grant must be spent on the business plan development. Not only EIT Health partners but any organisation who provides start-up mentoring services and business plan consultancy activities (e.g. independent experts, incubators, venture capitalists) can be chosen.
8) In which country can winners spend the grant?
Winners are recommended to spend the 7000 € grant in their country of origin. However, if they purchase foreign services and need to travel, a reasonable amount of the grant can be spent on travelling expenditures as well.
9) Will participants have any obligation to get engaged with other EIT Health activities after the competition(s) had ended?
There is no obligation to stay connected with EIT Health, however highly recommended in order to gain additional benefits. InnoStars is keen to give continuous support to alumnis.
10) What additional administrative tasks are needed after the competition(s) had ended?
We ask participants to provide a short testimonial of their experience gained during the process of the competition.
11) What kind of budget has to be indicated in the InnoStars Awards application form?
The budget plan should indicate how the applicants would spent the 7.000 € that they can spend on business plan development until 30th September 2017. This is only an indicative budget plan, not a binding one. EIT Health InnoStars will sign a grant agreement with the top 20 applicants for the 7.000 € grant. This agreement will contain the final budget.
12) Is there a minimum amount for matching resources to be indicated in the application?
At least two different matching resources have to be indicated in the application but there is no prescription for the minimum or maximum amount of these matching resources.