EIC Accelerator is a part of European Innovation Council (EIC) pilot that supports high-risk and high-potential innovative SMEs and startups and helps them to enter the market with their innovative ideas that could drive economic growth. All selected companies could receive either grant or blended funding (grant + equity). Besides funding, EIC Accelerator provides companies with business coaching and mentoring support to scale up their innovative solutions.
Activities funded: Projects with a Technology Readiness Level (TRL) of 6-8 are eligible for grant funding for following activities: advanced prototyping, validation, trials, demonstration and testing in real-world conditions, certification and other related activities intended to help a company prepare for the global scale-up of its innovative solution. Commercialization activities (above TRL 8) can be financed only through blended funding.
Project size: 0.5-2.5 mn EUR (grant only) + up to 15 mn EUR investments (grant + equity)
Funding rate: 70% for grant and 100% for investments
CRITERIA FOR SUCCESS
- Your startup should be:
- Targeting global market
- With a prototype
- High growth potential
OPEN CALLS AND DEADLINES
07.10.2020 – grant only or blended finance
Ready to apply? Have any questions? Please feel free to contact us!