Search for funding opportunities
Identify your sources of funding and build a solid funding application
For more than 30 years, our specialized team has been supporting companies in their search for funding by identifying possible sources of funding for their innovative projects, and by formalizing their requests for funding from private and public financiers.
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The challenges of search for funding opportunities
Securing funding is a key step in the life of a project, especially in its early years. Numerous funding opportunities exist, especially for projects with strong technological and prospective components. However, embarking on a funding quest requires the consideration of several challenges:
It can be particularly difficult to find the right funding source among the multitude of public and private calls for projects in France and Europe, especially considering their diversity and versatility. In order to get started, it is therefore essential to considerthe maturity of the project (clinical research, translational research, innovation, development, etc.), its topic and its geographical scope (local, regional, national, or European) as search criteria. Finally, it is also important to precisely define one’s needs (e.g., loan, financing for all or part of the project, support, equity participation, etc.) to target the most suitable assistance.
What are the most suitable funding opportunities for my project at the national level? What foundations, both in France and internationally, are offering funding in my field?? What about in Europe? Does Bpifrance have a financing solution suitable for my needs? What opportunities does France 2030 offer?
Each call for projects, as well as each funding source is unique, with clear requirements and specifications associated. However, a good knowledge of public policies, investment programs, and public and private actors in this ecosystem is necessary to grasp the specific challenges of each call for projects, thus maximizing chances of funding. Such knowledge is generally acquired through experience with various calls for projects and communications with key stakeholders responsible for funding sources.
What are the current trends in innovation funding? Is my project eligible for such a call for projects? Does the timeline outlined in the call for projects align with my schedule?
Many calls for projects, especially in the case of large-scale projects, require applications to be backed by a solid consortium of public-private actors. The federation and management of multiple actors therefore represents a challenge towards the goal of reaching partnership agreements. Such agreements should encompass organizational dimensions, intellectual property sharing, valorization, and exploitation of research and development results of innovations.
Which partners should be selected for my project? What are the most suitable governance rules for my project? Which rules should be established for the sharing of intellectual property
Writing funding applications is a complex exercise as it requires the mobilization of many different skills: scientific excellence to describe the scientific project (while being concise), project management skills to establish the plan of action (work-packages, milestones, and deliverables), rigor in financial arrangements, ability to establish projections towards the definition of economic models and evaluation of the medical-economic impact, as well as capacity to coordinate and construct the governance model. The complexity of such exercise is increased by tight deadlines, requiring sprint efforts.
Who will be responsible for writing the funding application? What expertise will be needed? How will a critical review of my work be conducted?
How we support you in your search for funding opportunities
Our tailor-made support enables us to optimize the financing of our clients’ projects by identifying partners and channels likely to support them (banks, public aid, private funds, crowdfunding, etc.). Our global approach to finding funding starts with the identification of needs, allowing the construction of the business plan necessary to formalize the financial file.
We then support our clients in the follow-up and management of their project financing.
Finally, we go as far as integrating an open innovation approach associating external partners in order to solidify our clients’ projects in their search for funding.
Examples of recent search for funding opportunities carried out for our clients
Search for funding and assistance in the preparation of a “Eurostars” financing application
Our team has assisted project leaders in the preparation of a “Eurostars” funding application and the search for French and European industrial partners.
Alcimed carried out a diagnosis of the current state of the project and then assisted the project leaders in identifying and setting up partnerships (establishing contacts and developing the consortium). Following this, we wrote the financial file, in collaboration with the project leaders on the non-scientific parts, and proceeded to a global critical review, until the final file was sent.
Our support in this search for funding allowed our client to structure its approach from A-to-Z and to guarantee an optimization of the content and form of its financial file.
Building a PO FEDER FSE application file and search for funding for the deployment of a “Living Lab”
We have supported two French regions in the construction of an application file for the PO FEDER FSE with a view to the deployment of a “Living Lab”.
Our team identified and mobilized the key local actors and then organized working meetings in the form of workshops in order to design a “Living Lab,” meeting the expectations of the funding client and the holder of the AAP. This work allowed for the construction of the response file to the AAP and the implementation schedule. Alcimed proposed a legal structure (operator, evolution towards a SCIC) and built a viable and sustainable economic model.
This work allowed our client to define the governance of the future “Living Lab” and to raise the necessary funds for its creation.
Search for funding regarding the launch of an open innovation challenge in the field of robotics
We created and launched a one-off external open innovation challenge for an energy company looking to boost a new innovation model in the field of robotics.
Our teams assisted our client in defining the synopsis, writing the rules of the game and the technical specifications, identifying financing methods, and launching the challenge.
Around thirty teams responded to the challenge at the international level, but only one team won!
Search for funding and preparation of applications: mapping of funding possibilities and preparation of applications for innovative start-ups
Our team helped the project leaders of an incubator to map the existing public and private innovation funding mechanisms and to put together funding applications.
We first worked on identifying and characterizing public innovation funding windows in France and Europe: funder, eligibility criteria, associated amounts and types of funding. Secondly, our team identified and characterized the private seed and fundraising mechanisms associated with the development of innovation in France, enabling our client to select the appropriate funding channels for its various projects.
Our team then assisted the project leaders in drafting their financing applications.
Support of a research and innovation center in responding to a Horizon Europe call for projects
To support its research activities, especially to finance the design of a demonstrator under real conditions, our client had identified a European call for projects, Horizon Europe. To respond to it and maximize its chances of funding, it gathered around fifteen European partners for its project and called on Alcimed to benefit from assistance in structuring its future project. We thus accompanied this institute through the preparation of a dossier with impactful content, meeting the expectations of the European Commission, by animating the members of the future consortium. We notably participated in drafting sections on the project’s impact, its organization, and its governance, and we conducted a critical review of the entire dossier. This project eventually obtained funding of several million euros after a second submission.
Support of a biotech company in structuring and formalizing a funding application file to Bpifrance
Our client, a company in the field of biotechnology, was preparing to open a French subsidiary to support a collaboration with a research institute. Our team was commissioned to accompany this company in the search for financing opportunities and in the formalization of a funding request for this project. For this purpose, we conducted a first phase of research on financing opportunities relevant to our client. We identified about twenty of them, retaining only two. We then assisted our client in the development of a file, particularly on scientific and commercial aspects. Finally, we enabled our client to submit a solid and impactful file through a critical review of the entire dossier.
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Founded in 1993, Alcimed is an innovation and new business consulting firm, specializing in innovation driven sectors: life sciences (healthcare, biotech, agrifood), energy, environment, mobility, chemicals, materials, cosmetics, aeronautics, space and defence.
Our purpose? Helping both private and public decision-makers explore and develop their uncharted territories: new technologies, new offers, new geographies, possible futures, and new ways to innovate.
Located across eight offices around the world (France, Europe, Singapore and the United States), our team is made up of 220 highly-qualified, multicultural and passionate explorers, with a blended science/technology and business culture.
Our dream? To build a team of 1,000 explorers, to design tomorrow’s world hand in hand with our clients.
The search for funding opportunities consists of identifying and selecting the best sources of financing for a project. This may include seeking government grants, bank loans, venture capitalists or other forms of public or private funding. Whether it’s starting up a business, developing a new technology or conquering new markets, the search for funding is often the first step to take.
In Europe, research and innovation are mostly financed by the Horizon Europe program. With a budget of nearly 100 billion euros for the period 2021-2027, it aims to finance research, development, and innovation on topics such as health, culture, digitalization, security, etc. In the health domain, several funding opportunities can be followed:
- The “Marie Skłodowska-Curie” actions
- Calls for projects from the Health Cluster
- Calls for projects from the European Innovation Council
There are also other sources of funding managed by international actor collaborations, such as the Joint Programming Initiative on Antimicrobial Resistance (JPIAMR) in Europe.