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ERMA Booster Call
Funding Program
European Institute of Innovation and Technology
deadlines
Opening
24.01.2025
Deadline
08.09.2025 17:00
Funding rate
100%
Call budget
€ 30,000,000.00
Link to the call
Link to the submission
Call content
short description
The ERMA Booster Call applications are open, calling on innovations, mining and recycling projects to strengthen the European economy and enhance its supply chains. EIT RawMaterials is investing with ticket sizes of up to €2.5m in the raw materials sector. The call is aimed at start-ups, scale-ups, and mining projects active in the raw materials value chain. By participating, you will gain access to funding, expert guidance, and Europe’s largest network of industry leaders to help scale your business and solve Europe’s critical raw materials challenges.
Call objectives
EIT RawMaterials’ mission is to secure Europe’s raw materials supply, close materials loops and design product solutions. As manager of the European Raw Materials Alliance (ERMA), the world’s largest innovation community in the raw materials sector and a recognised impact investor, EIT RawMaterials provides an unparalleled platform to expedite and expand new businesses. Having supported over 800 startups, we arecontinuously elevating the most innovative raw materials solutions globally.
The EU Critical Raw Materials Act (”CRMA”), enacted in May 2024 targets to extract 10%, process and refine 40%, and derive from recycled materials 25% of the EU’s annual consumption of Strategic Raw Materials by 2030. In principle, the EU should not be dependent on any single third country for more than 65% of imports of Strategic Raw Materials at any relevant stage in the supply chain.
EIT RawMaterials has the building blocks in place to support both Group 1 startups-scale-ups and SMEs, and Group 2 advanced extraction, processing and recycling projects and companies, to provide and attract investment and to connect industries across the raw materials value chain.
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Expected effects and impacts
EIT RawMaterials is an impact investor and a unique global raw materials ecosystem, offering full-spectrum support. Partnering with EIT RawMaterials presents an exceptional opportunity for Group 1 and Group 2 companies to scale their company towards global success. Tailored support is on offer to the most promising companies and projects, combining funding and expert services to enhance business growth and scalability. Selected companies will tap into a unique set of services, tailor-made to their needs through the dedicated EIT RawMaterials team:
- Access to Finance: EIT RawMaterials invests with its own capital, builds the conditions for raw materials financing instruments and appetite in the market, and will support you securing capital through your journey to exit.
- Access to Network: Expand your enabling network by tapping into our global ecosystem of partners and grow your business.
- Access to Customers / off-takers: Increase your sales and secure your feedstock and/or off-take agreements with our network by implementing the value chain approach.
- Access to Knowledge: Our deep expertise in the raw materials sector and the creation of a collaborative environment support growing businesses to our value chain and beyond.
- Access to Talents: Fuel your company with the talents coming out of EIT RawMaterials Academy with entrepreneurial skills and relevant raw materials technical expertise.
- Access to Experts: EIT RawMaterials staff experts, and experts in our community, will support you with your specific needs to scale and grow your business (e.g. coaching, mentoring, Advisory Board, market, sales, corporate strategy.).
IT RawMaterials is opting for long-lasting relations, and builds on the services-against-equity framework, ensuring our dedication to your company’s growth aligns with your own vision. EIT RawMaterials seeks impact-oriented companies that contribute to one or more of the below impact categories:
- Increased supply of CRMs/SRMs for Europe
- Savings of costs in raw materials value chain
- Carbon savings in the raw materials sector
- Creation of jobs in raw materials sector
- Improved industrial competitiveness
- Enhanced sustainability (sustainability standards)
- Securing raw materials supply
- Increased recycling rates
- CRM substitution/reduction
- Advanced materials development/produced
- Raw materials concentrate produced
EIT RawMaterials as an impact investor is committed to generate positive societal and environmental impact through its portfolio, while the economic impact will be re-directed to new ventures for additional impact generation. Impact metrics that we continuously monitor in our portfolio are:
- Economic Impact: Company revenues, company profits, jobs created/maintained/re-skilled, investment attracted.
- Social Impact: Female entrepreneurs, European companies using sustainability standards.
- Environmental Impact: CO2 emitted savings (CO2e), Increase of strategic and critical raw Materials extracted in EU (%), Increase of strategic and critical Raw Materials processed in EU (%), Increase of strategic and critical Raw Materials recycled in EU (%), New advanced materials developed.
Successful applicants must achieve one mandatory Key Performance Indicator (EIT Core KPI) within the framework of their proposed funded activities. In the case of Group 1, start-ups created or innovations launched on the market; and in the case of Group 2, business creation through investment attracted subsequent to EIT Raw Materials funding support. Further details are available in the application form. This will be part of the defined Project Plan and signed Project Agreement obligations.
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Expected results
Group 1 Innovation Themes
The vision of EIT RawMaterials is to develop raw materials into a major strength for Europe and in line to this, Group 1: Start-ups, Scale-ups and SMEs applicants must fit to one of the innovation themes of raw materials value chain and one of the EIT RawMaterials Lighthouses (full analysis in Annex part 2):
- Exploration and raw materials resource assessment
- Mining in challenging environments
- Increased resource efficiency in mineral and metallurgical processes
- Recycling and material chain optimisation for End-of-Life products
- Substitution of critical and toxic materials in products and for optimised performance
- Design of products and services for the circular economy
EIT RawMaterials is particularly seeking companies developing solutions (products and services) supporting the three guiding strategic frameworks, called EIT RawMaterials Lighthouse programmes, which reflect the most pressing needs of the raw materials value chain.
- Responsible Sourcing Lighthouse: leads the innovation in mineral exploration, responsible sourcing and processing of raw materials for Europe’s green future.
- Sustainable Materials Lighthouse: guides innovation in the making, using, and recycling of sustainable and cost-efficient raw materials for future green mobility and energy.
- Circular Societies Lighthouse: fosters innovation in the radical shift to a circular economy and society enabling economic growth and carbon-neutrality.
Group 2: Strategic Project Themes
EIT RawMaterials’ vision is to develop raw materials into a major strength for Europe, and in line with this, use of funding by Group 2 applicants must fit into one or more of the innovative strategic project themes:
- Extraction of critical and strategic raw materials
- Processing of critical and strategic raw materials
- Recycling of critical and strategic raw materials
Innovation includes, but is not limited to, how the project contributes to:
- The 2030 benchmarks for extraction, processing and recycling set out in Article 5(2), point (a) of the Critical Raw Materials Act;
- Strengthening EU capacity to extract, process and recycle raw materials using innovative technologies;
- Developing innovative exploration and geological models, processing, refining and remediation technologies to boost EU’s competitiveness and sustainability
For this Call, EIT RawMaterials is particularly seeking companies which, or which seek to, apply innovation during their extraction, processing and recycling of critical and strategic raw materials to supply the EU ecosystem and therefore limit its dependency in line with the EU Critical Raw Materials Act 8.
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Eligibility Criteria
Regions / countries for funding
Moldova (Moldova), Albania (Shqipëria), Armenia (Հայաստան), Bosnia and Herzegovina (Bosna i Hercegovina / Босна и Херцеговина), Faeroes (Føroyar / Færøerne), Georgia (საქართველო), Iceland (Ísland), Israel (ישראל / إِسْرَائِيل), Kosovo (Kosova/Kosovë / Косово), Montenegro (Црна Гора), Morocco (المغرب), New Zealand (Aotearoa), North Macedonia (Северна Македонија), Norway (Norge), Serbia (Srbija/Сpбија), Switzerland (Schweiz/Suisse/Svizzera), Tunisia (تونس /Tūnis), Türkiye, Ukraine (Україна), United Kingdom
eligible entities
Education and training institution, International organization, Non-Profit Organisation (NPO) / Non-Governmental Organisation (NGO), Other, Private institution, incl. private company (private for profit), Public Body (national, regional and local; incl. EGTCs), Research Institution incl. University, Small and medium-sized enterprise (SME)
Mandatory partnership
No
Project Partnership
Group 1 Eligibility Criteria. EIT RawMaterials is inviting Group 1. Start-ups, Scale-ups and SMEs that:
- Are a registered legal entity in one of the EU Member Countries or Participating Countries in Horizon Europe (at least at the time of application).
- Have an innovation relevant to the market of one of the raw materials' Innovation Themes (as analysed below and in Annex part 2).
- Have a strong founding/management team and 100% devoted time to the company for the next 5+ years.
- Have a customer validated product/service at minimum TRL4 with a proven market need.
- Have an average time to market and to revenues of 2-3 years.
- Address a sizable/scalable market with high growth potential.
- Demonstrate ease in collaboration and are enthusiastic about developing a stable, long-lasting relation with EIT RawMaterials.
- Are in search of additional value-added services and financing advisory services support (indicative services value is minimum 20% to the funding request).
- Are looking for an equity partner.
- Confirm they can clearly demonstrate that any use of provided investment is compatible with Horizon Europe’s eligibility criteria.
- Can confidently execute expenditure of such funds in line with the eligibility rules.
- Seed start-ups are eligible to apply up to € 500,000 and need to minimum meet the above eligibility criteria.
- Scale-ups are eligible to apply up to € 1,500,000, only if they are at TRL8 and CRL8 minimum and have commercial revenues of € 200,000 minimum.
- Propose projects with duration between 6-18 months (exceptions may apply upon rational milestone and budget planning).
Group 2 Eligibility Criteria. EIT RawMaterials is inviting companies in Group 2. Raw Materials Large Projects that:
- Have projects that have been formally recognised by the EU Commission as a ‘Strategic Project’ (through the calls launched by DG Grow) and/or have been approved as an ERMA supported project at the time of the beginning of the proposed funded activity funding (please refer to ‘Other Information Sources’). For clarity, applicant need not be an ERMA supported project or a Strategic Project at the time of application.
- Are a registered legal entity in one of the EU member countries or Participating Countries in Horizon Europe (at least at the time of application).
- Have an active, advanced extraction, processing or recycling project relevant to the EU industry and supported by a techno-economic model. Extraction related projects must be at PFS stage or later by recognized international standards and norms. Recycling projects must have legally secured recyclable material in sufficient and reliable quantities and meet the quality standards required for the process and permits for waste recycling and handling must be in place for the entire duration of the proposed projects.
- Have a strong management team with relevant experience.
- Are technically feasible, realistic, economically viable, have potential to attract investment, and have a time to production of less than four years.
- Confirm they can clearly demonstrate that any use of provided investment is compatible with Horizon Europe’s eligibility criteria, with an emphasis on innovation at TRL4 or higher.
- Can confidently execute expenditure of such funds in line with the eligibility rules.
- Wish to secure additional mandated EIT RawMaterials support services including capital raising, marketing, and end user/ off-taker support.
- Have the firm intention to supply a substantial amount of their Critical or Strategic Raw Material product to one or several EU member states.
- Are looking for equity investment.
- Have a proposed funded activity with duration between 6-18 months (exceptions may apply upon rational milestone and budget planning).
Existing EIT RawMaterials Partners that have projects and proposed funding activities that fit the eligibility criteria listed above are strongly encouraged to apply.
other eligibility criteria
The present call is open throughout 2025. For the sake of clarity and to ensure a smooth selection and operational progress of the selected companies and projects, three cut-off dates for proposal submission will be organised. An additional cut-off may be organised subject to budget availability and upon discretion of EIT RawMaterials. EIT RawMaterials, in exceptional cases may invite for evaluation applicants prior the closure of a cut-off date.
- Cut off 1 – 24 March 2025
- Cut off 2 – 26 May 2025
- Cut off 3 – 8 September 2025
There is no formal minimum requirement of co-funding; however, projects that will show some co-funding and other sources of funding and ask for support for non-recurring costs (not for shareholder or personnel costs) will be positively evaluated, as an indication of the commitment of the company – or possible customers etc. – to the initiative.
Additional information
Topics
Relevance for EU Macro-Region
EUSAIR - EU Strategy for the Adriatic and Ionian Region, EUSALP - EU Strategy for the Alpine Space, EUSBSR - EU Strategy for the Baltic Sea Region, EUSDR - EU Strategy for the Danube Region
UN Sustainable Development Goals (UN-SDGs)
project duration
between 6 and 18 months
Additional Information
Applicants must first clearly define their stage as company, and in which Group they fall into as defined in the Call Guidelines, and follow the rules set for the respective Group. Companies applying for the wrong Group and/or on higher funding request against their stage will be considered as ineligible and will be eliminated from the evaluation process. Align with EIT RawMaterials staff in case of doubt as per the provided contacts (see “Talk to Us”).
For both Groups, incomplete applications may be considered ineligible if essential elements are missing. The mandatory supporting documents are set out in the application form, downloadable from the website.
- Group 1. Start-ups, Scale-ups and SMEs. Applicants of Group 1 must present, by one of the Booster cut-off dates, an online application form in which they need to illustrate: company profile, problem/need addressed, technology, IP, customer needs, market and competition, business model, financial projections, team composition and expertise, workplan-budget for the booster project, and interest in partnering with EIT RawMaterials. Applications must be submitted by the contact person of the company via the registration link.
- Group 2: Raw Materials Large Projects. Applicants must present, by one of the cut-off dates, an online application form in which they need to illustrate where possible/ applicable: company profile; main shareholders/ ultimate beneficiaries; project profile; project stakeholders and shareholders; industrial partners; financial advisors; relevance for the EU; main processing inputs/ outputs/ costs and materials; buyers/ offtakers; co-investors, business model; financial projections; project valuation for investment purposes; project NPV; recent company accounts; investor presentation, recent/ relevant news releases, research reports as applicable; management team composition and expertise; workplan-budget for the project funding; timeline and further funding requirements to reach production; permitting status, existing infratstructure; ESG credentials; job creation; community/ political/ social issues; and nature of interest in partnering with EIT RawMaterials. Applications must be submitted by the contact person of the company via the registration link:
Call documents
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