Are you developing a technology that can give rise to innovative business models and new processes, and the creation of smart products and services? Does your company aim for a leading position globally in this technology?
If your answers to the above questions are ‘yes’, then the EIC Accelerator may be the right programme for you.
The EIC Accelerator focuses on innovations building on scientific discovery or technological breakthroughs (‘deep tech’) and where significant funding is needed over a long timeframe before returns can be generated (‘patient capital’). Such innovations often struggle to attract financing because the risks and time period involved are too high.
Eligible applicants include single companies classified as a SME and established within a Member State or an Associated Country.
The UK is no longer an EU Member State; however the UK’s association has been agreed. On this basis UK companies are eligible to apply. However, UK applicants are only eligible to apply for an EIC Accelerator grant (i.e. up to €2.5M), they are not eligible to apply for the equity financing element of the competition.
Grant funding will reimburse eligible costs incurred for innovation activities, including demonstration of the technology in the relevant environment, prototyping and system level demonstration, R&D and testing required to meet regulatory and standardisation requirements, intellectual property management, and marketing approval (e.g. at least Technology
Readiness Levels 5/6 to 8). Eligible costs are reimbursed up to a maximum of 70%.
Projects should be 1 to 2 years in duration.
Unlike predecessor competitions delivered under the auspices of Horizon 2020, there are limitations on the number of times you can apply.
You should apply if you believe that your company has the potential to be a global leader in developing strategic technologies in one of the following areas:
Activities supported could include, for instance, product/service development, trials, optimisation, prototyping, validation, demonstration and testing in real world conditions and market replication.
The Accelerator competition supports the later stages of technology development as well as scale up. The technology component of your innovation must have been tested and validated in a laboratory or other relevant environment (e.g. you should be at Technology Readiness Level 5/6 or higher).