EIC Accelerator

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The European Commission launches the funding programs of the European Innovation Council (EIC).

The most interesting program for SMEs is undoubtedly the Accelerator, since it is the first financing instrument that combines the already existing non-refundable grants (up to €2.5 M in the form of “Grants”), with the access to venture capital for a value of up to €15 M (“Equity”) for commercial activities and industrial scaling of the product internationally.

The purpose of the EIC Accelerator is to promote rapid international scaling of companies that are developing radically new products close to the market, that is, with a validated prototype (TRL 6). The projects must have, due to their unconventional nature, a high level of risk that prevents the company from raising the necessary capital to grow and be competitive in the short or medium term.

The EIC Accelerator aims to sponsor not only radically new ideas close to a market that, due to their unconventional nature, are not found in Europe by private investors, but also companies led by women.

The EIC Accelerator Program (formerly SME Instrument) is part of the European Innovation Council (EIC) funding programs and supports renowned innovators, entrepreneurs, small businesses and scientists with funding opportunities and services for the acceleration.

The program is committed to SMEs and innovators that combine high risk and high potential, to help them develop and access the market for new innovative products, services and business models that can act as the axis of economic growth.

The chosen companies receive financing and optionally access to private investment, in addition they are offered personalized guidance and supervision services for the scaling of their innovative idea together with additional acceleration services that facilitate access to investors, corporations and entrepreneurs with interests common.

Key ingredients to win the accelerator

  • Deep-tech and highly innovative technology, with a high potential to generate growth in the company
  • High-risk innovations that cannot raise the private investment or credit needed to accelerate industrial and commercial expansion internationally
  • Convincing business plan: clear schedule complemented by a strong team and financial data
  • Wider impacts: the commercialization of innovation will have social, economic, environmental or climate impacts, at least for Europe.

Name

Opening date

Next deadline

Deadline model

Link

EIC ACCELERATOR 2024

01/01/2024

13/03/2024

03/10/2024

Double-stage

Link


Scope: Europe

Budget: 1,700,000,000,000 €

Organism: European comission

Aim of the project: Enterprise Development, R&D

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FIND OUT WHAT THEY SAY ABOUT OUR WORK​

Vaidas Palinauskas
Nature Research Centre
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A perfect example of a 3 in 1 company: smooth process, professional and pleasant to work with.
Elena Casiraghi
Università degli Studi di MIlano
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Kindness, experience, ability to understanding and integrate different research languages/views
Manuel Menéndez Muñiz
VIAS
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Very close team and well managed.
Jose Manuel Rodriguez
ITAINNOVA
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Well organized work, with filtered request to what really matters.
David Martín Gómez
- Charles III University of Madrid
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I would like to point out that the elaboration of the proposal was steered with a lot of detail and efficiency.
Tania Tisheva
BGRF
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It was great meeting you and I am looking forward to working with you in the future. The professionalism of your team is excellent. I am very thankful for the guidance and cooperation during the whole process.
Alberta Aversa
Politecnico di Torino
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cooperation rapid and effective.
Samuel Martínez
Circular in Motion B.V.
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Excellent team in place which has been instrumental in assisting the creation of a robust application, which otherwise would have been very difficult for us to complete it. Their understanding of the process, deliverables required, and key areas to consider, is essential to increase the application success probability.
Daniel Edenholm
Sysarb AB
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We would not have come this far without your help.
Fleming Pedersen Dambo
Staccato Technologies
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I couldn't have done the application without the support from Euro-Funding Their expertise and guidance was invaluable.
Klas Ehnemark
Knowing Company
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Very positive to have strength in both business development and technology at the same time. Now we have a really good business plan.
Pablo Pérez
AQUACORP
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The experience of working with Euro-Funding has been both exciting and demanding because. The level of the consultants has been professional from an emotional intelligence and technical speaking perspective.
Manuel Grases
Flexofibers
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I would recommend working with Euro-Funding. The level of professionalism is evident in the company. The process was exactly what we required.
Cristina Ferreras
Venter Pharma
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Euro-Funding helped us in a very professional and efficient way in all the steps of the preparation of the proposal. We consider the proposal to be of a very high standard. Without their help, we would not have been able to have the proposal in time and with such high quality.
Mátyás Péter
Medres Kft. / Cardiosight Ltd.
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Despite a tight deadline, the team at Euro-Funding managed to accomplish the task and delivered an excellent grant proposal. It was a pleasure working with them.
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OUR METHODOLOGY

  • Single-beneficiary format.
  • Exclusively SMEs under the status according to EU criteria recommendation 2003/361.

Financing of up to 17 million euros:

Non-refundable aid, grant, up to €2.5 MILLION (grant)
Financing in Capital Investment concept up to €15 MILLION (equity)

All expenses directly related to activities such as trials, prototyping, validation, demonstration and testing in real conditions (TRL6 to TRL8).

The budget categories include, in addition to personnel expenses, travel, consumables, amortization of equipment, contracting of services, indirect costs are included (calculated as 25% of the rest of the costs, except subcontracting). The intensity of non-reimbursable aid will be 70% of the approved and justified budget.

The costs derived from the market access activities (TRL9) will be covered through Private Investment.

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