Category: EIC Accelerator

Which funding types exist under the EIC Accelerator?

Grant only: For companies aiming to reach the TRL 8 at the end of the project and continue further development without the EIC support. Blended finance: A mix of non-dilutive grant for innovation activities (TRL 5-8) and dilutive equity for market deployment (TRL 9). Investment only: For mid-caps companies and companies that have received a «grant only».

How will my proposal be evaluated?

Short proposal: GO/NO GO feedback will be provided within 6 weeks by 4 independent evaluators. If you received at least 3 GOs out of 4, you will be invited to submit a full proposal (by the end of the next calendar year). Full proposal: GO/NO GO feedback will be provided within 9 weeks by 3 […]

What is the submission process?

The application process includes 3 steps: Step 1: Short proposal – 12-page proposal in a structured template, 10-slide pitch-deck and up to 3-minute-long video pitch. Open for submission all year. Step 2: Full proposal – 50-page proposal, 10-minute-long pitch-deck and up to 3-minute-long video pitch. Open for submission by 2 predefined deadlines per year. Step […]

What is the expected duration of the project?

Flexible, but usually 24 months for the grant component covering TRL 5-8 (can be longer if justified). The equity component, covering TRL 9 onwards activities, is not time limited, and usually runes between 2-5 additional years.

What expected Technology Readiness Level (TRL) should EIC Accelerator cover?

EIC Accelerator aims for a range of 5-9. The part of the project covered by the grant will start at TRL 5-6 (testing in real or relevant environment) and will conclude at TRL 8-9 (pre-serial manufacturing or product on market). In most cases the equity component will be used for deployment and scale-up.

What is the expected grant amount?

Up to EUR 2.5 million for the grant component, covering 70% of the expenses, and up to EUR 10 million for the equity investment component.

Who can apply for funding?

The EIC Accelerator is open for submission by SMEs, mid-caps, entrepreneurs and investors that comply with the eligibility rules. For more information, see the EIC Accelerator page.