Frequently Asked Questions
Here are some of the most frequently asked questions. If you have any questions that are not addressed here please get in touch and we will get back to you as soon as possible.
EIT Climate-KIC MED ClimAccelerator is suitable for non-incorporated projects, start-ups no older than five years since incorporation, start-ups with a minimum of two founders or two people working on a concept/project and focused on a new technology or service with high potential for both commercial viability and climate impact.
No, the project needs to have at least two people working on the idea/concept.
EIT Climate-KIC is an ideal programme for innovators with a great business idea, therefore you need nothing more than an innovative concept focused on sustainability and addressing climate change.
You can apply if you are resident or if your start-up is established in Portugal, Cyprus or Malta.
No, the programme is free of charge.
Depending on the stage of your idea, you can receive up to €20.000. This amount is available for all three partner countries. Each case will be analysed specifically with the startup and the partners.
Mature start-ups may receive extra investment in Portugal of up to €35K in return of equity. Stage 2 start-ups in Portugal will sign a SAFE agreement with BGI under the expectation that 7% equity is given in case a pre-money valuation of €3M is reached.
If you have only an idea, i.e. you enter the programme as a Stage 1 start-up, you must be incorporated by the end of the programme to receive all the payments. MED ClimAccelerator will support you in this process.