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Opens:
Closes:
3/10/2024
Sectors:
General & Misc
Project Size:
€2.5 million

What is the EIC Accelerator?

The European Innovation Council EIC Accelerator is a prestigious funding programme within Horizon Europe. It's designed for startups, SMEs, and individuals poised to launch a SME, including small mid-caps eligible solely for equity. This initiative targets entities with innovative products, services, or business models that have the potential to disrupt existing markets or create new ones globally. The EIC Accelerator offers both grants and equity investments to support the development and scale-up of high-risk innovations at Technology Readiness Levels (TRL) 5-9.

Who Can Apply?

  • Startups and SMEs: Directly for grants and equity.
  • Individuals planning to start a SME.
  • Small mid-caps: Eligible for equity investment only.

Funding and Support

  • Grants: Up to €2.5 million for innovation activities (TRL 5-8).
  • Equity Investments: Up to €15 million for market deployment (TRL 9).
  • Blended Finance: Combines grants for TRL 5-8 and equity for TRL 9.
  • Extensive Support: Access to Business Acceleration Services (BAS), including global partners, mentors, training, and a vibrant innovation ecosystem.

EIC Accelerator Tracks

  • EIC Accelerator Challenges: Focused on pre-defined topics with a €300 million budget for 2024.
  • EIC Accelerator Open: Open to all fields of technology with a €375 million budget for 2024.

Application Process

  1. Short Proposal: Submit a 5-page form, a pitch-deck, and a video pitch. Feedback within 4 weeks.
  1. Full Proposal: If short proposal is successful, submit a detailed proposal.
  1. Pitch Interview: Final step involving face-to-face interviews with the EIC Jury.

Key Dates

  • Next cut-off for submissions: 3 October 2024
  • Interviews: 13-17 January 2025

EIC Work Programme 2024

The programme allocates over €1.2 billion to strategic technologies, emphasising "deep tech" innovations in AI, space, semiconductors, and more. It's a significant opportunity for SMEs and startups to secure the funding needed to bring groundbreaking ideas to market.

How to Apply?

The application involves a three-step process starting with a short proposal, followed by a full proposal upon initial success, and culminating in a pitch interview. This streamlined process is designed to efficiently identify and support the most promising innovations.

For more details on the EIC Accelerator and assistance with your application, contacting Inventya could be a valuable step towards securing the support your innovation needs.

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