Horizon 2020 EIC Accelerator
The EIC Accelerator (previously known as SME Instrument Phase 2) is part of the European Innovation Council pilot Work Programme that supports top-class innovative entrepreneurs, specifically SMEs.
Subsidy: €500,000–2,500,000. Additional blended finance option: + €15,000,000 equity
Total budget: €522,861,300 (in 2020)
Funding rate: 70%
Deadlines: 19 May (Green Deal) and 7 October 2020
Project duration: 2 years
Consortium: Single SME as applicant, including young companies and start-ups, from any sector established in EU Member States or Horizon 2020 associated countries.
Scope: The EIC Accelerator helps you 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 6 or above is envisaged. You can subcontract work essential for your innovation project.
Download our EIC Accelerator Guide
We have written an extensive guide for companies looking for information about EIC Accelerator. In this guide we explain how to draft the perfect proposal so you maximize your chances of getting funded.
About European innovation council (EIC) and Accelerator
The EIC Accelerator supports high-risk, high-potential SMEs and innovators to help them develop and bring onto the market new innovative products, services and business models that could drive economic growth.
Selected companies receive funding and optional equity and are offered business coaching and mentoring to scale up their innovation idea. 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 for EIC Accelerator starts with submitting a full proposal, 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
Get funding, make impact
Whether you’re an academic or entrepreneur, we craft the roadmap you need to take on the challenges present in finding funding and reaching your market. With over 10 years of experience, we are your gateway to European funding, and beyond.
- Fund. What if funding wasn’t a barrier to innovation? We guide you through the way of finding and obtaining funds.
- Grow. What if your journey was clear? Get the best support for your grant journey.
- Manage. What if you only had to focus on R&D? We provide the support you need to get your innovation on the market.