Grant

Horizon 2020 EIC Accelerator

The EIC Accelerator (previously know as SME Instrument) is part of the European Innovation Council (EIC) pilot that supports top-class innovators, entrepreneurs, small companies and scientists with funding opportunities and acceleration services.

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.

 


About European innovation council (EIC) and Accelerator

The EIC Accelerator (previously know as SME Instrument) is part of the European Innovation Council (EIC) pilot that supports top-class innovators, entrepreneurs, small companies and scientists with funding opportunities and acceleration services.

The EIC Accelerator supports high-risk, high-potential small and medium-sized enterprises 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.

Visit the EIC website for more information

 


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