The EIC Accelerator supports top-class innovative entrepreneurs, specifically SMEs. It is one of the instruments of the European Innovation Council Work Programme, part of Horizon Europe.
This highly competitive programme helps you to develop your business concept further into a market-ready product, service or process aligned with your company’s growth strategy. Activities could, for example, include trials, prototyping, validation, demonstration and testing in real-world conditions, and market replication. If the activity concerns a primarily technological innovation, a Technology Readiness Level (TRL) of 5/6 or above is envisaged. The EIC Accelerator is focused on innovations that build on scientific discoveries or breakthrough technologies. Through the funding it will support innovators to attract the full investment amounts needed for scale up in a shorter timeframe. Work essential to your project may be subcontracted.
- Grant: max. €2.5M
- Blended finance: grant of max. €2.5M + max. €15M equity
Deadline: 3 stage application process
- Short proposal: apply anytime
- Full proposal: 16 June and 6 October 2021
- Interview rounds: TBD
Consortium: single SMEs and start-up (and individuals intending to establish a start-up/SME) established in EU Member State Countries.
EIC Accelerator Open Call and Challenges
The Open Call, is open to any type of technology and research area. Next to that, 2 EIC Accelerator Challenges are implemented in 2021. Both the Open Call and Challenge Calls share the same eligibility criteria and conditions. However, the information provided below is specific to the Challenges:
Titles of the 2 EIC Accelerator Challenges:
- Strategic Health and Digital Technologies
- Green Deal Innovations for the economic recovery
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About European innovation council (EIC) and Accelerator
The EIC Accelerator supports high-risk, high-potential SMEs and innovators. The aim is to help them to develop and bring to market new innovative products, services and business models, which could go on to drive economic growth.
Selected companies receive funding and optional equity and are offered business coaching and mentoring to scale up their innovation idea. In addition, they get extra acceleration services to connect with investors, corporates and likeminded entrepreneurs.
As an EIC Accelerator client, you will gain visibility and boost your chances of success in European and international markets.
The application process starts with submitting a full proposal. Then, the highest ranked proposals will be invited to a pitch presentation and Q&A session in Brussels before a jury.
Visit the EIC website for more information
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