The Seal of Excellence
The Seal of Excellence is a quality label awarded to innovative projects under the framework of the European Union’s Horizon 2020 program. It is designed to recognize high-quality proposals that were submitted to the program. They were not selected for funding due to budget constraints. The Seal of Excellence is awarded by a panel of independent experts who assess the proposal against Horizon 2020’s evaluation criteria. The cirterias are for example excellence, impact, and implementation.
Projects that are awarded are eligible for funding from national, regional, or private funding sources, as well as from the European Investment Bank. The Seal of Excellence is intended to provide recognition and visibility to innovative projects. As well as increase their chances of securing funding, and promote the development of a competitive and innovative European economy.
It is important to note that the Seal of Excellence is not a funding instrument in itself. It is rather a quality label that recognizes the superior of a project proposal. Projects awarded the Seal of Excellence must still compete for funding from other sources. The award can improve their chances of securing the funding.
How to receive the award?
To receive the award, a project must first submit a proposal to one of the funding calls under the Horizon 2020 program. The proposal must meet the eligibility criteria specified in the call and must address one or more of the societal challenges or industrial leadership priorities identified by Horizon 2020.
After the proposal has been evaluated by the Horizon 2020 expert panel. The projects that are deemed to be of high quality and meet the evaluation criteria generally. And were not selected for funding due to budget constraints they are therefore eligible for the Seal of Excellence.
The European Commission notifies the project coordinators whose proposals have been awarded the Seal of Excellence. They are then authorized to use the Seal of Excellence logo in their communications and dissemination activities afterwards.
Awarded projects are encouraged to seek alternative sources of funding: national or regional funding programs or private investors. They can use the Seal of Excellence to showcase the quality of their proposal. It is important to note that the award is not a funding instrument in itself and does not guarantee funding.
FimusKraft is a Seal of Excellence company
FimusKraft is a ”Seal of Excellence” company of the European Innovation Council. The company has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 882691. FimusKraft has been funded by EIC Accelerator Funding which is announced by European Union Innovation Council and SMEs Executive Agency (EISMEA). FimusKraft has gained this remarkable funding in extremely tough international competition. Overall there have been about 4000 applicants from more than 21 countries and FimusKraft went through it.
FimusKraft Biogas Plant is said to be a revolutionary and cost-effective biotechnological method to treat and valorise different kinds of biowaste. In evaluation by an international panel of some independent experts the proposal of FimusKraft Biogas Plant was scored as a high-quality project proposal in a highly competitive evaluation process.
The European Innovation Council aims to identify and support breakthrough technologies and game changing innovations to create new markets and scale up internationally. EIC Accelerator is funding most promising new innovations in European SME industry. The applications to be funded are assessed by external experts. The process also includes an interview with the jury of experienced investors and entrepreneurs.