Attracting EIC funding for development of RESA L system for satellite communications on the move
| Reference number | |
| Coordinator | ReQuTech AB |
| Funding from Vinnova | SEK 240 000 |
| Project duration | May 2024 - October 2024 |
| Status | Completed |
| Venture | Global cooperation 2024 |
| Call | Planning grant for international proposal 2024 |
Important results from the project
The project aimed to solidify ReQuTech’s position in applying for EIC funding. To this end, we completed the following milestones: - Developed a successful Stage 1 application which enabled us to proceed to Stage 2. - Developed a detailed project preparation and implementation plan, including work packages, timelines and budget. - Strengthened our go-to-market strategy and business case by conducting additional analysis with the support of consulting company Civitta. - Developed a solid Stage 2 application. - Created a knowledge base for further funding applications.
Expected long term effects
The project yielded the following outcomes: - Positively evaluated short proposal that advanced us to Stage 2 - Detailed implementation plan from TRL5 to the full commercialization of our product - Modified and augmented go-to-market strategy and business case - Solid Stage 2 application (submitted) - Knowledge base for future applications Requested EIC financing (2.5 MEUR grant and 5 MEUR equity) will enable the development and commercialization of RESA L as well as strengthen ReQuTech’s position for investors.
Approach and implementation
The project was executed by ReQuTech´s dedicated team of engineers, developers, and business experts, with the support of external consultants who are experienced in EIC application procedures. To effectively manage the process, we developed a workplan that contained workshops, buffer calls, status meetings, tasks for both teams and appropriate deadlines for activities. Throughout the project, we have systematically prepared materials and written the application under the guidance of the consulting firm, ensuring it meets all evaluation criteria.