Let your idea take flight with PARSEC
The PARSEC Accelerator runs in two stages to select, fund and support the best SME’s to create EO-based services and products with strong market potential in the sectors of food, energy and environment. After the first Open Call “Call for ideas” 100 applicants were selected (#100PARSEC) and benefit from the PARSEC first stage that took place between March and July 2020. The second Open Call was open from 30 March until 20 June 2020 at 17:00 CET and included the PARSEC Demo Days on the 2nd and 3rd of July 2020. An independent jury of experts selected 15 consortia (#15PARSEC) that joined the PARSEC second stage and received access to 100.000€ each (maximum 50.000€ per partner) and business support services such as the investment readiness programme, coaching and export promotion training. The second stage of the Accelerator will run until October 2021 and the winners will see their new products or services launched into the global market.
Who can apply for the Open Call 2?
Open Call 2 is a “Call for Consortia”. To apply you have to be a cross-sectoral and/or cross-border consortium of 2-4 members where at least one of the partners is a winner of PARSEC Open Call 1 (#100PARSEC) and should be the leader of the Consortium.
You are not a winner of PARSEC of Open Call 1 but you are a representative of a Small-to-Medium Enterprise (SME), a single entrepreneur, or an aspiring founder?
Are you a winner of the Open Call 1 (#100PARSEC) and want to continue for the PARSEC second stage?
Are you keen to innovate for the sectors of food, energy or environment?
How to apply for the Open Call 2
1. Read the official Open Call 2 documents
Declaration of Honour on exclusion criteria and absence of conflict of interest
2. Matchmake and form a cross-sectoral and/or a cross-border consortium
The PARSEC matchmaking space for the #100PARSEC hosted in Brella will be available to all interested entities for #100PARSEC throughout during the Open Call 2, 30 March until 20 June. We invite companies interested to apply for Open Call 2, to join the #100PARSEC on the platform to find the most suitable partner(s) to form a cross-border and/or a cross-sectoral consortium. Start networking today!
Step 1: Register through this online form. It only takes one minute.
Step 2: You will receive an invitation and details on how to access PARSEC Matchmaking event in Brella.
Step 3: Sign in to Brella and create your profile.
Step 4: Send requests to the people you wish to meet!
Step 5: Accept, reschedule or decline your pending requests.
If you have any questions about Brella, please contact email@example.com
Once you have developed your business idea as a consortium – the use of at least one PARSEC Business Catalyst will be considered as an advantage, prepare your application registration which includes: the Pitch deck using the PARSEC Pitch deck template, the Consortium declaration and the Declaration of Honour on exclusion criteria and absence of conflict of interest.
Get ready to pitch your business idea at the PARSEC Demo Days.
Send your application registration at firstname.lastname@example.org before the 20 June 2020 at 17.00 CET.
Pitch your idea at the PARSEC Demo Days, 2-3 July 2020 – changed to an online event.
What is the Open Call 2 application deadline?
Application deadline is 20 June 2020 at 17:00 CET. Applications submitted after this deadline will be automatically rejected.
The PARSEC Demo Days will take place on the 2-3 July 2020, online.
The PARSEC Demo Days
We go online!
What happens at the PARSEC Demo Days?
Applicants will pitch their ideas in front of the Jury of Experts, an experienced and independent jury composed of a number of experts with a strong overview of the market (e.g. senior managers of successful EO companies, opinion leaders, investors, etc.).
Pitch your idea including the product/service overview ensuring a minimum Technology Readiness Level (TRL) 5 at this stage, the business model and the go-to market strategy as described in the Open Call 2 Guide for Applicants.
The Jury of Experts will evaluate the pitches based on the criteria documented in the Open Call 2 Guide for Applicants.
On the second day, 15 consortia having the highest score will be selected for the second stage of PARSEC Accelerator. The results will be announced on the same day, after the evaluation finishes.
Get the opportunity to attract further funding as VCs, business angels and private investors will be present, granting consortia an opportunity to raise extra capital and ensuring project impact beyond its lifetime.
Read the Open Call 2 Guide for Applicants for all the details about the PARSEC Demo Days.
The PARSEC Accelerator timeline
PARSEC is a two-stage acceleration programme and will run until October 2021. If you get selected, you will benefit in the long-term from the supporting services that the programme offers.