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Are you a start-up or a small and medium-sized enterprise (SME) with the ambition and commitment to scale up?
Are you looking for substantial funding but the risks involved are too high for private investors alone to invest?
If your answers to the above questions are ‘yes’, then the EIC Accelerator may be the right funding scheme for you.
The EIC Accelerator supports companies (principally SMEs, including start-ups) to scale up high impact innovations with the potential to create new markets or disrupt existing ones. The EIC Accelerator provides a unique combination of funding from EUR 0.5 to EUR 17.5 million and Business Acceleration Services
The EIC Accelerator focuses in particular 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. Funding and support from the EIC Accelerator is designed to enable such innovators to attract the full investment amounts needed for scale up in a shorter timeframe.
Applicants to EIC Accelerator can submit proposals through:
EIC Accelerator Open, which has no predefined thematic priorities and is open to proposals in any field of technology or application;46 or,
EIC Accelerator Challenges in predefined thematic topics in areas of emerging and strategic technologies:
to be an eligible applicant to EIC Accelerator, you must apply as one of the following eligibile entities:
The total indicative budget for this call is EUR 1 167.84 million, of which EUR 396.32 million will be funded through Next Generation EU as this call contributes to the objectives to rebuild a greener, more digital and more resilient Europe. EUR 630.96 million of the total indicated budget will be allocated to Accelerator Open and EUR 536.88 million to Accelerator Challenges. The total indicative budget for Accelerator Challenges is expected to be allocated in approximately equal shares across the challenges.
The application process consists of a number of steps:
Short proposals which may be submitted at any time and which will be evaluated remotely by EIC expert evaluators on a first come, first served basis;
If successful, you will be invited to prepare a full proposal, where you will have access to support through the EIC artificial intelligence-based IT platform and from EIC business coaches to develop a detailed business plan;
Full proposals will first be assessed remotely by EIC expert evaluators. If successful, you will be invited to a face to face interview with an EIC jury as the final step in the selection process;
If selected for funding, you will be invited to negotiate an initial contract for the grant component and to start the due diligence for the investment component.
Submission of short proposal
You may submit a short proposal at any time via the European Funding & Tender Opportunities Portal that will direct you to the EIC artificial intelligence based IT platform. The short proposal consists of:
Submission of full proposals
If your short proposal is successful then you will be entitled to receive coaching support to prepare a full proposal which can be submitted to one of the cut-off dates within the next 12 months from the date of the response to your short proposal. You may decide which cut-off to apply to. The cut-off dates for 2022 are:55
You must prepare your full proposal on the EIC AI-based platform, which includes methodology to help you to develop your detailed business-plan and a number of automatic checks and feedback to guide you through the process. The full proposal consists of that full business plan and full information on you company’s finances and structure. You will also need to propose a set of milestones to be used as a basis for the EIC to manage the funding for your innovation.