By analyzing the Evaluation Summary Report (ESR), we can learn a lot about the way the EU evaluators work.
The ESR Comments
The team: Does the team have the capability and motivation to implement the innovation proposal and bring it to the market?
Leveraging of investment: Is the company facing major difficulties in leveraging sufficient investment from the market due to the risk profile or market-gap?
Commercial strategy: Are the business model and commercialization strategy well thought through? How sound are the financial planning and projections?
Potential to scale up and associated financial needs: does the innovation have the potential to scale up the applicant’s company? Are the associated financial needs well assessed and realistic?
The feasibility of the idea: Does the innovation – through its degree of novelty or disruptiveness – have the potential to create a new market or significant impact in existing ones? Is the timing right for this innovation (i.e. feasibility, market readiness)?
The panel is composed of all the expert-evaluators who participated in the jury interviews. The panel will review all the proposals from the interview stage to ensure that the interview juries have been consistent in their evaluations. The panel may adjust scores or change the comments if necessary.
The panel review will approve a panel report that will comprise the Evaluation Summary Report for each proposal
The ranking list is determined by the Panel report and contains:
proposals proposed for funding – final score A;
proposals rejected due to insufficient budget – final score B.
Feedback to applicants
Approximately 9 weeks after the original cut-off date, via the F&T portal, applicants will receive either:
an invitation to prepare a grant agreement if the proposal is on the list of proposals to be funded. Only proposals that have passed all quality thresholds and received an "A" mark are proposed for funding; or
a rejection letter if the proposal cannot be funded because the available budget is insufficient.
Applicants requesting or offered blended finance will receive the same information as for the grant component (invitation or rejection letter). Additionally, if they are selected, they will receive all the necessary information on the due diligence process to be performed by the EIC Fund.
In all cases, the letter will contain an Evaluation Summary Report (ESR) that will indicate the Overall Consensus Score and a qualitative assessment per criterion from step 1. The ESR of proposals evaluated in step 2 will also contain the final score of the interview - A or B - and feedback per criterion.
The rejection letter will make reference to the Redress Procedure that should be used if you wish to appeal the rejection decision.