EIT Food Fast Track to Market Open Call
After a successful 1st round, EIT Food has just launched the 2nd window of the Fast Track to Market programme, which provides competitive financing to mature agrifood start-ups to help them accelerate their commercialisation activities.
Via the Fast Track to Market, companies can apply for up to €250 000 in non-dilutive funding via a revenue-based financing mechanism to enter new, or expand in existing markets, faster. Repayment is based on the company’s overall revenues and has a cost of capital of 8.50% per year, with a one year grace period.
Swiss entities are eligible to participate. Financial support will be provided partly by EIT Food (Revenue-Based Financing) and partly by the Swiss State Secretariat for Education, Research and Innovation (SERI). Note that SERI is only able to fund the innovation-related activities, not the scaling-related ones.
Deadline for submitting applications is 26 November 2024. Contact our advisors for questions/doubts regarding specific aspects.