Where are EIC Accelerator results published? The EIC Accelerator applicants are notified via email and on the EIC website. A list of beneficiaries and reports are made available through a variety of EIC communication outlets such as the European Innovation Council (EIC) Twitter account @eueic, the EU news regarding the EIC and the European Innovation Council… Read more
Where can I find updates on the EIC Accelerator? There are a variety of news outlets that provide information on the EIC Accelerator such as the European Innovation Council (EIC) Twitter account @eueic, the EU news regarding the EIC and the European Innovation Council and SMEs Executive Agency (EISMEA) news site. Read more
What are the success chances for the EIC Accelerator? The success rates for the EIC Accelerator vary greatly but are averaging 5% in most cases. Recent statistics can be found here: EIC Accelerator Success Cases Read more
Does the EIC Accelerator financing need to be paid back? No, the grant does not need to be paid back under normal circumstances while the equity financing is provided in exchange for company ownership. There are also loan modalities available under the EIC. See: A Short but Comprehensive Explanation of the EIC Accelerator Read more
How many companies can apply to the EIC Accelerator? There is no limit to the number of applicants but the limited budget leads to a competitive evaluation where only less than 40-80 companies will be financed per cut-off. See: EIC Accelerator Success Cases Read more
How long should an EIC Accelerator project be? The project should be 1 to 2 years in duration. Read more
Can non-EU countries apply to the EIC Accelerator? Yes, some non-EU countries that can apply are Norway, Albania, Bosnia and Herzegovina, North Macedonia, Montenegro, Serbia, Turkey, Israel, Moldova, Ukraine, the United Kingdom, Tunisia, Georgia and Armenia. See: All Eligible EIC Accelerator Countries (including the United Kingdom, Switzerland and Ukraine) Read more
Can a subsidiary apply to the EIC Accelerator? Yes, the subsidiary has to declare all upstream and downstream relationships with other entities which include parent companies. The application is eligible if the Small and Medium-Sized Enterprise (SME) is deemed independent. Read more
Who can apply to the EIC Accelerator? Eligible applicants are for-profit Small and Medium-Sized Enterprises (SME) that are registered in the European Union (EU) or associated countries. See: All Eligible EIC Accelerator Countries (including the United Kingdom, Switzerland and Ukraine) and A Short but Comprehensive Explanation of the EIC Accelerator Read more
What is an SME? A Small- and Medium-Sized Enterprise (SME) is an organization of a certain size with less than 250 employees, a maximum of €50 million in turnover and a balance sheet total of €43 million or less. Read more
What does the 70% co-financing mean for the EIC Accelerator? The grant financing (but not equity) is funded as 70% of the total costs. This means that a €1,000,000 grant project will be funded with €700,000 whereas €300,000 must be provided through other sources such as revenues, private investments or similar. If blended financing is requested, the 30% will automatically… Read more