New EIC 2025 work program
New EIC 2025 work program Telmo DiezSettings Over €1.4 Billion for Strategic Innovation and Scaling Up Europe’s Breakthrough Technologies The
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.
Name | Opening date | Next deadline | Deadline model | Link |
EIC ACCELERATOR 2024 | 01/01/2024 | 13/03/2024 03/10/2024 | Double-stage |
Scope: Europe
Budget: 1,700,000,000,000 €
Organism: European comission
Aim of the project: Enterprise Development, R&D
YOU COULD BE INTERESTED
Prior to making an offer, we invest significant resources in evaluating your readiness to succeed by examining your business plan and your available documentation.
Once we work with a client, we lead the development of the proposal, requesting you to submit clarifications and additional material.
When invited to pitch in front of the jury, we will assist you with coaching.
Once the project is secured, we will offer our assistance in the administration process leading to the signature of the contract.
In addition, as a separate service, we can help you in the management of the grant – specifically by drafting the ‘formal’ periodic project reports
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.
New EIC 2025 work program Telmo DiezSettings Over €1.4 Billion for Strategic Innovation and Scaling Up Europe’s Breakthrough Technologies The
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